Archive for August 1, 2010

Rain alert: Homes are cheaper

Publication: Business Standard, New Delhi;   Date: Aug. 1, 2010;   

A proper recce of the house and area may help clinch a great deal

During the monsoon, construction activity slows down and very few projects are launched. Every year, between March and September, builders find themselves in a situation when buyers are few. Reason: Many people consider it inauspicious to buy during this period. This adds to the existing inventory. The builder, on his part, wants to get rid of this so that he/she can start a new project in the upcoming festival season. As a result, many of them hold property shows in foreign countries to attract buyers. On the other hand, buyers use this window of opportunity to get the right place, and at least a 10-15 per cent discount.

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