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Friday, December 20, 2024 | 01:53 PM ISTEN Hindi

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Is that to-die-for real estate deal being offered on inflated prices?

Before rushing into these schemes, find out the benchmark price of similar properties in the area

House, Buildings, Apartments, Real estate
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Developers are offering benefits like stamp duty, parking, etc free that could amount to as much as 10-12 per cent of the value of a property

Sanjay Kumar Singh New Delhi
In addition to price discounts and freebies, developers are also trying to entice prospective buyers this festive season by offering deferred payment plans. In markets like the Delhi-National Capital Region, they are also offering porting schemes to buyers stuck in stalled projects. While these schemes do appear enticing at first sight, and may well be beneficial, buyers need to understand their risks and then make a considered decision.

Deferred payment plans

Developers are advertising 10:90 and 20:80 kind of schemes heavily this season. The buyer makes a small upfront payment of 10-20 per cent to lock the price and block

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