Real estate market health is vital for the economy on the whole. The banks have been reducing interest rates and builders are coming up with special offers and dream houses with clubhouses, swimming pools and everything under sun, above and around it for that matter, to lure customers.
Builders have had a hard time during recession and a desperate measure that can be observed as an upshot of that has been special packages, discounts, plummeting base prices and everything.
Aparna is offering a monthly rental of Rs.15,000 from the date of booking till possession (4 months) has revised its base price and now it comes at Rs.2,799 per sft, Mantri has dropped price, Aliens Group is selling at 2500 per sft, Ashoka gave away santro cars for customers, Indu fortune fields sales guy says "45-50, not more than that", when the quoted price is approx 60 lakhs. The sales guys are so desperate; go meet them in the last week of any month and they will be willing to drop the base prices to abyss! :)
When the customers are still basking in the happiness of the ashadam sale of flats, there is the festive offer season of Dushera. Don't worry if you are away for a vacation. There will soon be a magazine or two celebrating their anniversary and the builders are sure to have a tie up! :))
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