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Real estate developers dole out cash discounts, freebies, bikes this festive season

Moneycontrol News


In a bid to offset the increase in acquisition costs on account of the recent hikes in interest rates by the Reserve Bank of India (RBI) and spiralling commodity prices, developers are doling out a wide range of freebies such as free car parking slots, electric bikes and other schemes to lower the homebuyer’s cost burden.


However, there are some who believe that despite new launches in some markets, especially in Mumbai, demand may remain tepid because people are keen to take part in the festivities after two years of restrictions, leading to lower footfall. Moreover, negotiation power of buyers has decreased because developers have better liquidity this time around compared to last year.


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