A discount of 20 per cent offered by builders of Budget Homes

The demand for affordable housing has not been affected by the impact of global slump which the realty sector has been facing since a long time. There is a high demand for 1,2,3- BHK apartments whose price range is of approximately 35 lakh rupees and they fall under the affordable home segment. The builder are in a bid to make the most of this opportunity and hence they are offering discounts up to 20 per cent and they have also increased the commission of brokers for obtaining bulk bookings. City like Ahmedabad has now become a buyer’s market from seller’s market due to the global slump.

 There is a huge demand of 1, 2, 3 BHK flats measuring from 1000 square feet to 200 square feet. The people who want to upgrade or who are interested in purchasing apartments for the purpose of investment are the main buyers of bigger apartments and on the other hand the buyers of smaller flats are genuine buyers who actually live in the purchased property, said the former President of Gujarat Institute of housing and estate developers. This shows the impact of slowdown is negligible on affordable housing segment. The demand of quality products priced reasonable will always be higher.