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Builders Offer Freebies
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Planning to buy a property in Hyderabad? This just might be the perfect time to invest in a Hyderabad property as several real estate developers in a bid to reduce their Hyderabad flats inventory are offering several freebies and gifts. However this is not something that is new a few months back Prajay Megapolis in the city had offered its customers a BMW 5 Series in a lucky draw. All those people who had booked a flat till a certain date were eligible for the lucky draw. A project of Aparna Construction Group were offering semi furnished Hyderabad flats a few years ago.
The trend seems to have caught up as it helps to attract customers to buy a property in Hyderabad. Although after the bifurcation of the state the rates of Hyderabad property were expected to rise but things have not gone upto expectations forcing realty developer to resort to methods such as offering discounts and freebies to customers on purchase of Hyderabad flats. Hyderabad is a price sensitive market but the people here have high purchasing power. After the setting up of Hi-tech city and Financial district the city has seen migration of population from various parts of the country. Although the rentals in the city have gone up the same trend has not been seen in the prices of Hyderabad flats. In an attempt to reverse the trend the developers have offered freebies alongwith purchase with property in Hyderabad. Even prominent property dealers are not hesitating to offer freebies.
Freebies include gold coins, diamond pendents, foreign trip for the family, free car parking, free club membership, free car, etc. Some builders are also offering furnishings along with flats purchase. None the less nothing seems to be working for Hyderabad real estate as even such schemes are unable to attract buyers. Inventories are piling up which are forcing builders to launch project at current prevalent prices. Infact many dvelopers have also slightly corrected their property prices. There has to be an increase in absorption rate in Hyderabad real estate for the scenario to improve. The state government should also take interest in reviving the realty market of the state.
As the festive season returns the real estate developers are keen to offer Chirstmas, New year offers to woo customers. Many builders have also shifted their focus towards NRI’s and PIOs in an attempt to increase their sales and lower their inventories.
Makaan.com is a well known real estate portal that features property in Hyderabad and property on rent. People can search the property site for buy property and property on rent.
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