Indore real estate is attracting the takers through various discounts and freebies. Real estate builders of Indore find no other way than cutting the edge of the real estate prices.
Real estate discounts to play a crucial role in real estate market of Indore.
Existing real estate downturn forces builders to attract takers through freebies and discounts. This is more visible in Indore real estate. The builders offer wide range of freebies and discounts to the property buyers as well as real estate investors.
Real estate investors are assured handsome returns on their investments. Some of the real estate developers assure 30 to 40% returns on real estate investment within couple of years.
To find takers some buyers offer lucrative discounts amounting up to 15%. With this discount the properties which were sold earlier at a price above Rs.2, 250 per sq. ft. are now sold at Rs.1, 900 to Rs.2, 000 per sq. ft.
Indore real estate builders attract takers with discounts.
The discounts are mainly offered for the mid- range properties falling between Rs.10 and Rs.20 lakhs. The areas such as Bicholi, Bypass, Kanadia, Mhow, Nipania and Super Corridor raise more demand for mid- range properties. These areas witness a higher demand for 1 and 2 BHK apartments each of which falls between Rs.10 to Rs.20 lakh range.
A CREDAI affiliated member explained that the properties of this range are widely demanded across India. According to his opinion only properties which fall less than Rs.20 lakh is demanded these days.
Further lower EMIs for mid- range properties make it easier for the home- pickers to buy such properties. This provision for lower EMIs makes such mid- range properties more affordable.
The properties in Nipania is available in the range between Rs.1,700 to Rs.3,500 per sq. ft. Properties are available at the range between Rs.1,500 to Rs.2,000 per sq. ft. in airport area. The areas adjoining Palasia has property prices between Rs.2,500 to Rs.5,000 per sq. ft. The prices range in Rajendranagar from Rs.1,800 to Rs.3,000 per sq. ft.