Diwali 2019: Developers offer free ACs, gold coins, LED TV even Modular Kitchens to lure homebuyers

Diwali 2019: Festive season is traditionally considered to be an auspicious time for buying property, getting home interiors done, and more. It is also a time when most of the developers launch special offers including discounts on properties, gold coins on every purchase to organising lucky draws, developers adopt every trick to attract buyers. Naturally, people come out in large numbers to hunt for their dream homes. With interest rates falling sharply over the last six months and most banks linking their home loan to RBI's repo rate, there are chances of further reduction in interest rate, the time is near perfect for buyers. Amid favourable conditions, developers are expected to report satisfactory sales numbers even without offering 'expensive' return gifts.

Data Available with PropTiger.com shows that home sales during the festive season invariably increase for a variety of reasons.  In the October-December quarter of FY19, for instance, home sales increased by 30 per cent. While sales volumes decreased in the quarters that followed, they are expected to see an upward movement during the upcoming festive season. While the liquidity crunch and a ban on subvention schemes might keep developers from launching mega festive discount offers that typically are a big attraction for buyers during the festive season, the reduction in interest rates and easy availability of ready-to-move-in affordable homes are likely to be the big drivers of demand during the festive season this year.

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Adding fervour to the festive season is the Mahagun Group. The company has extended its ongoing Great Indian Property Bazaar till the end of the festive season, where the group is offering 15 offers — 0% GST, Car Parking, Modular Kitchen, Hotel/Club membership etc on its different projects in Delhi-NCR.

Gaurs Group, the realty major has come up with a festive offer at Gaur City & Gaurs Siddhartham where it is offering registry Free + 24 Free Gifts that include AC in Every Bedroom, Semi Modular Kitchen, LED TV, Wardrobe in Bedrooms...etc.). The group has introduced the concept of Lucky Wheel at Gaur City Center offering 8 GM Gold Coin/Refrigerator/Philips Air Purifier/Washing Machine/LED TV 32"/Armani Wrist Watch/i Phone 7. Also, at its other project Gaur Sportswood, the group has announced free registry.

SG Estates Limited has a bunch of deals on its project – SG Shikhar Heights in Siddhartha Vihar, Indirapuram. The group has announced Rs1 lac as the booking amount with a monthly rental till possession. It is offering 19 offers including free club membership, LED TV, Chimney, HOB, etc. The Group is also coming up with 15 free offers in its ready-to-move-in residences SG Grand which is located at Rajnagar Extension in Ghaziabad. SG Grand has already received a Completion Certificate and families are residing here.

Gulshan Homz is offering free covered car parking, power backup, club membership and lease rent at its luxury project in Noida Expressway.

If there are offers for home buyers, there are offers for those who already have a home and want their home decoration done this festival. To fulfill the demand of such people this festival, Cherry Hill Interiors is offering great deals to its customers with special discount this festive season by offering imported furniture and acoustic products for revamping their workplaces. They are giving special discounts on furniture & Office Interiors Related products to their customers.

NOTE: Zee Business brings to you an exclusive line up of programming for Diwali 2019 with experts, insights & sharp acumen under Zee Business Damdar Diwali show. A Diwali treat for you! Starting soon from October 14 only on Zee Business.in.