Bangalore: Developers in the city are not publicly admitting this fact but the truth of the matter is that demand is lowering day by day and as a result the developers are giving discounts and freebies to the potential buyers in order to persuade them. In Bangalore the discounts are said to be around 8-15 % whereas in Mumbai where demand is much lesser the discounts are around 20-30 % on the listed price. A consultant at a q estate firm, Mars Realty confirmed that the discounts are being offered in the projects ranging from 70 lakhs- 1 crore. Century real estate has been offering great discounts to those who make accelerated payments for its luxury apartment project, Renata at Richmond road. The price was listed at Rs. 17,000 per sq ft, but it is said that buyers got the same land for around Rs. 15,000 per sq ft which is much less than the quoted price.
Lodha developers, a Mumbai based developers is offering a free trip to Singapore for the first forty people buying their project named Casa Rio at Dombivilli. In Mumbai some areas have experienced a steep downfall. Rustomjee had two residential project at Bandra, and amazingly one was sold earlier at Rs. 26,000 sq ft and the newer one is selling at Rs. 15,500 per sq ft. Another developer is offering a 25% flat discount to the buyer who gives 100% down payment.
Lodha developers, a Mumbai based developers is offering a free trip to Singapore for the first forty people buying their project named Casa Rio at Dombivilli. In Mumbai some areas have experienced a steep downfall. Rustomjee had two residential project at Bandra, and amazingly one was sold earlier at Rs. 26,000 sq ft and the newer one is selling at Rs. 15,500 per sq ft. Another developer is offering a 25% flat discount to the buyer who gives 100% down payment.
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