September 09, 2021 By The Connect

Realtors keen to make the best of the festive season, but are buyers interested?

From Vighnaharta offers to zero stamp duty, ground breaking prices and payment options, realtors have come out with a series of festive offers to woo buyers.

For instance, Mumbai realty player The Wadhwa Group is currently running ‘Vighnaharta Offer’ for their projects Wadhwa Pristine at Matunga, TW Gardens at Kandivali and Dukes Horizon at Chembur. For TW Gardens at Kandivali for which the construction is going in full swing, the Group is offering Zero Stamp Duty benefit along with a 25:75 Payment Plan. For Wadhwa Pristine at Matunga which is nearing possession, the Group is offering Zero Stamp Duty Benefit along with a 25:75 Payment Plan. For Dukes Horizon at Chembur for which the construction is going in full swing, the Group is offering Zero Stamp Duty Benefit along with Flexi-Payment Plan.

Bhasker Jain, Head – Sales, Marketing & CRM at The Wadhwa Group said, "The real estate sector witnesses positive sentiments flowing in the market during the festive season which further spike the demand for properties every year. Moreover, the lucrative and flexible festival deals offered by developers attract home buyers and lead to better sales during this period. While investing in a property, buyers should not only look at the attractive deals but also consider the reputation of the developer and other factors like connectivity, accessibility, proper planning & designing, execution capability, and amenities that the developer has to offer."

Runwal Group, has come up with a collection of the ‘coolest offers’ available across all their projects - Runwal Bliss and Runwal Avenue at Kanjurmarg East, Runwal Forests at Kanjurmarg West, Runwal Pinnacle at Mulund West, and Runwal Gardens at Dombivli.

For their project Runwal Bliss at Kanjurmarg East, the Group is offering no floor rise and PLC charges. A customer can pay just 10% now and the rest nearing possession.

For their other project Runwal Avenue at Kanjurmarg East, the Group is offering its customers flexible payment plans with no stamp duty to be paid.

For their project Runwal Forests at Kanjurmarg West, Runwal Group is offering special festive pricing for 1 BHK home.

For their project Runwal Pinnacle at Mulund West, the Group is offering no floor rise and PLC charges. A customer can pay just 10% now and get a one-year payment holiday.

For their 115 acre township Runwal Gardens at Dombivli East, they are offering Zero Stamp Duty, Zero Floor Rise, Zero Registration along with an additional festive offer.

Commenting on the offers, Rajat Rastogi, Executive Director, Runwal Group said, “We had a great start to 2021 and business has been excellent. Moving forward with the same momentum, we decided to provide our customers with special benefits this festive season. We are very happy with the extremely encouraging response we have received already.”

Prescon Group

Prescon Group will be launching their new project at Mahim where prices are most attractive with sea-facing apartments starting from 1.7 cr onwards.

Vedanshu Kedia - Director, Prescon Group said, "We are launching our flagship project this festive season at ground-breaking prices. For the first time in Mumbai, we are bringing to the market sea-facing apartments starting at 1.7 cr onwards. As the auspicious festive season approaches, potential home buyers are vying to make their purchase decision and are on the lookout for property offers and schemes. Keeping the pandemic situation in mind, we are enabling our customers with easy payment plans, attractive financing options, and on-the-spot home loan approvals. We believe that this festive season will be an excellent customer experience coupled with great offers and easy financing that will truly benefit our customers!

Tridhaatu is running a Zero Stamp Duty offer on their projects Tridhaatu Aum and Tridhaadu Morya in Chembur till 30th September 2021.

"Auspicious days always create positive sentiment and people tend to start something new or make new purchases on such occasions. Considering this festive mood, we at Tridhaatu Realty are offering zero stamp duty on our projects for the festive occasion. The residential segment looks very promising in the current scenario, as customers have now realized the importance of owning a home. With zero stamp duty on offer along with all-time low home loan rates, they can now aim to fulfil their dream", said Dhananjay Sandu, Co-Founder & Managing Director, Tridhaatu Realty.

Sanjeev Chandiramani, Chief Operating Officer, Ruparel Realty on the festive season and the expectations from the real estate sector. 

“The Pandemic has inspired millennials, fence-sitters to realign their priorities and invest in a residential asset class that is less volatile to market fluctuations compared to gold and other investment avenues. Ever since the first wave, the business dynamics of the real estate sector have shifted for the better. Homebuyers are now looking for properties that offer large spaces, better amenities and have a core focus on health & wellness. With the overall pricing of the residential asset class being at a historic low, it is encouraging homebuyers & fence-sitters to invest in residential real estate as the market today has become an end-user market. We at Ruparel Realty always have a home buyer-centric approach, and the festive season influences the decision-making of the new-age home buyers. Considering the residential sector's momentum in the last few quarters, we expect the festive season to boost the pace even further with season-specific lucrative offers. For instance, we are offering gold jewellery vouchers worth Rs. 1 lakh for homebuyers who showcase interest in our properties.”

"The festive season will make the residential market more lucrative for home buyers with additional offers focussed on the season,” said Nishant Deshmukh, Founder and Managing Director, Sugee Group.

“It will largely encourage new-age home buyers and fence-sitters to opt for the residential asset class in their desired location, thanks to RBI's consistent intervention via the accommodative stance and 4% repo rate that is enabling banks to keep the home loan rates low. We are looking forward to the festive season to brighten the market sentiments which will result in a resurgence of the sector as well as economic growth. Homebuyers can expect to get some attractive offers and deals in this festive season," Deshmukh added.