Browsing: Real Estate Festive Deals

Headlines Real Estate Deals, Real Estate Discounts & Freebies, Real Estate Festive Offers, Festive Deals in Housing Market

The ‘real’ deal in festive season 2019

The festive season has traditionally been an active period for real estate sales as many buyers consider Navratri and Diwali an auspicious time to buy property. Like in previous years, developers this year have sweetened property deals – some up-front discounts, or more commonly 0% GST (which is in any case not charged on ready-to-move properties), waived stamp duty and registration charges, free reserved car parking, modular kitchens, etc.

Editorial Festival Season in Property Market, Ganesh Chaturthi and Property Purchase, Festive Deals in Real Estate, Home Buying in Festive Seasons, Festive Offers in Property market

Will govt. light Indian housing sector’s festive lamp?

Traditionally, the festive quarter fares better than the previous quarters of the year when it comes to housing sales – the combination of religious sentiment and festive deals and freebies is a potent mix during this part of the year. For instance, Q4 2015 saw 70,000 homes sold in the seven major cities. However, as tempting as it was for developers to believe that this was an unshakeable performance standard, it was certainly shaken just a year later. After demonetization (DeMo) was announced in this critical quarter in 2016, housing sales halved to 32,100 units.