Many real estate developers are offering cash discounts, flexible payment plans, and discounts from zero charges for parking fees to attract buyers.
The impact of the corona epidemic is severe on every sector. The real estate sector in particular is facing a severe crisis. The real estate sector was on a growth trajectory before Kovid-19. But after the pandemic shook the world, real estate plunged into the abyss. Also with the consequences of unemployment and growing uncertainty many are looking to save money without focusing on purchases. In this context real estate developers are making various offers to attract customers.
Many real estate developers are offering cash discounts, flexible payment plans, and discounts from zero fees for parking fees to attract buyers in this context. Prefer to buy a house in India during clean times. Interest is high, especially before festivals. However, the real estate business is currently sluggish. As a result developers in India are offering a number of offers to attract customers.
Stamp duty reduced ..
Recently, the Maharashtra government reduced the stamp duty by 3 per cent from September 1 to December 31 and by 2 per cent from January to March 2021. Stamp duty varies from one state to another. Stamp duty refers to the state levy paid to the registrar. This levy is with fixed percentage. This levy varies based on the transaction value or, circle rate. Buyers must pay stamp duty charges, registration fees, e-stamping charges and franking charges at the time of purchase. These charges are very expensive. Buyers are likely to call everyone who looks appropriate, if there are only a few.
Interest on houses under construction ..
Most sales nowadays are in-house mode when purchased in ‘ready to move’ mode. As a result, many prefer homes that are under construction. Because they are doing this to reduce the risks that come later. Builders are also looking to sell them as soon as possible by announcing huge discounts along with huge offers on homes under construction. Homebuyers need to be a little more careful when it comes to homes under construction. Because the loss related to the purchase must be assessed in advance. The decision should be made not to take only the offers and discounts offered especially when buying houses under construction. It does not make sense for them to go for such a purchase if the property does not match the buyers ’preferences. Purchase is a lifetime decision.
