Mumbai: Save on home buying

Are you considering buying a home in Mumbai but worried about not finding anything suitable within your limited budget? Worry no more as you too can get the best property within your range and that too at a good offer! Here’s how-

As you know buying a home in Mumbai usually burns a deep hole in the pocket. For lower and middle class it cannot be an action on the whim. The slowdown in the market can bring some respite. Builders are adhering to a new range of discounts and offers to bring back the lost sheen in the game.

The important question remains, are the buyers interested? Nimisha Gupta, one of the buyers says, “Considering the high prices, if I am getting a good discount on a well-to-do property, I won’t mind investing right away. It’s just that the offer should be good enough to be resisted.”

These offers and discounts vary from initial discount of Rs 200 per sq ft to parking charges waiver. Some of the developers are not even shying away from offering huge concession and free gifts such as gold coins and Ipads.

Unique schemes take over
Since developers have understood that they need to stand out to shine in the market, unusual kind of offers has also made headlines these days. Like one of the builders active in Ulwe, Navi Mumbai is offering tax waiver such Stamp Duty, Registration, Vat Tax on property booking while others are offering fully furnished units at same prices.

“Free club memberships and gymnasium facilities are no longer attracting buyers. Builders have actually gone over-the-board to capture buyers’ interest for an investment in time to come,” says Keshav Jha, one of the property consultants in the city.

Good deals on resale properties
Magicbricks also features resale properties. The deals that are being offered include zero percent brokerage, waiver in stamp duty as well as free car parking. Not just the popular localities, established areas such as Santa Cruz West, Majiwada, Pokhran Road and Seawoods are listed for offers for second-hand properties.

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