| Indian real estate industry that was hit during Shraadh | | | | Anuj Shah, a Delhi based broker said, "the main |
| awaits Diwali, to gear up the demand. Banks, at the | | | | attraction for most of the people is the easy home |
| other end, have also cut down their interest rates on | | | | loans on offer and plus the fact that builders are willing |
| home loans and real estate developers in India are | | | | to bargain prices, and offer relief in other fees, and |
| hoping for a good time. | | | | charges, property sales can pick up in the Diwali |
| With a view to cash on the festive spirit, developers | | | | period." |
| have also been coming up with attractive schemes to | | | | Another Delhi broker, Deepak Jain, commented on the |
| let people buy their properties. Besides, some have | | | | profile of the enquiries and said, "We have been |
| planned to launch their projects around Diwali days, to | | | | receiving a number of enquiries from the segment of |
| time their entry in the markets during this favorable | | | | 'working-class' intending to reap the benefits of Diwali |
| part of the year. | | | | schemes". |
| Take Amarpali developers for instance. The company | | | | However, RK Aggarwal, a Real Estate agent, brought |
| will be launching their township 'Hi-Tech City' in Jaipur | | | | another side of the coin and informed, "Many people |
| and 'Modern Township' in Indore, this Diwali. | | | | are apprehensive about the genuineness of some of |
| Delhi-based construction group BPTP has come up | | | | these schemes. As investing in a flat is a big thing, the |
| with a special offer for the potential buyers in Parkland | | | | buyer wants to be very sure of the investment, and |
| Faridabad, in which one has to book during the festival | | | | the credibility of the developer really matters." |
| period and their EMI's will start after 2-years. | | | | A rate cut of 0.50-1 per cent in home loans in India |
| Triveni infrastructure Development Company Ltd has | | | | probably would drive people to consider property |
| tied up with leading financial institutions, offering easy | | | | buying, he added. |
| loans and flexible payment plans to the buyers. In fact, | | | | Moreover, the Dussehra-Diwali season is considered |
| a real estate company in New Delhi has reportedly | | | | an auspicious time to invest in a new house. The Indian |
| been offering Maruti SX4 to the clients who would | | | | property markets, meanwhile, are set to take on Diwali |
| purchase an apartment unit from them in a particular | | | | season, and only the time would tell who would benefit |
| time period. | | | | the most?developer or buyer. |