The Ideas Changing the Face of Realty in the City

The property sector in Mumbai is one of the most high profile sectors in the country. Over the years, the city has seen a vast change in terms of construction, technology and prices. This has led to opening up of newer avenues for investors, realtors and customers. Due to the space crunch, the city’s real estate players are now looking beyond the tried and tested method of getting customers to buy properties. We have a look at some of these methods some new, some old school.

Attractive payment schemes

This technique has been used since a long time and it only gets better as time passes. The last few years have seen a plethora of these options. The flexi payment plans is where the realtors combine the down-payment and construction linked plans. In this plan the customer has to pay 10% of the cost upfront, 30-40% of the actual value within 30 days of booking. The remaining payment can be done in a timely manner as discussed in the construction plan. Other examples include the 60-40 scheme, the 80-20 scheme. Jaycee Homes, a renowned in the real estate sector, has come up with a new scheme for their Savannah project in Kanjurmarg East, wherein 3% down payment is all the buyer has to pay upfront and the rest can be paid in a year’s time.

Huge discounts

Attractive discounts are another way by which realtors are attracting buyers. Many property giants tap into the festive season to give away such discounts. The end result? Both, the buyer and the realtor go home happily. It also acts a blessing for those who are looking forward to invest in property.

State of the art amenities                

                                                         

In the last few years, India has grown in a big way. With the internet revolution, the country, especially Mumbai, has seen a surge in terms of lifestyle. First time buyers want their homes to be spacious and nicely built. They want to have world class amenities that match with the best in the world. The real estate sector has recognized this need and so current projects in Mumbai are all about putting in place these luxuries for the sake of the potential buyer.

The amenities like pool deck, spa, putty golf, yoga and meditation rooms and high tech security systems all add up and go a long way in attracting people to buy property. Flats in Ghatkopar are in hot demand due to this very aspect; this is in addition to the vibrant nature of the suburb.

Due to growing competition, the bar will only be set higher. And it is only going to benefit both parties involved.