Business Standard

Go beyond festival discounts if you are planning to invest in a property

The discounts offered now may also remain in the near future until sales pick up and developers are able to hike prices

Representative Image
Premium

A closer look reveals that most states have been playing the waiting game on the issue of creating a Permanent Regulator

Tinesh BhasinSanjay Kumar Singh
Developers have started offering discounts and freebies on residential properties as we get closer to the festival season. The most common is a waiver of goods and services tax (GST) of 12 per cent. On a property of Rs 5 million, it’s a straight saving of Rs 600,000. In some instances, the developers are even willing to bear the stamp duty and registration charges, which are another 5-7 per cent. Then there are flexible payment schemes and even freebies such as gold, modular kitchen and air conditioners.

The discounts and schemes are similar to those of last year, but they

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2018 | 10:36 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com