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