Mr. Sankey Prasad, Founder Chairman & MD, Synergy Property Development Services)

The festive season is considered to be an auspicious time for many of the Indian homebuyers, which developers and builders look to capitalize on. This period is usually marked by new project launches with developers doling out attractive offers, schemes, freebies, flexible financing options etc. This incentivizes homebuyers who may be potential first-time buyers, investors looking at it as a second home or fence-sitters who are still undecided. The offers during this period are unique, competitive and many-a-times customized to suit the target market. From a homebuyer’s perspective, this is one of the best periods to scout for their ideal homes, as most of the developers would be vying for their attention through these offers.

It is encouraging to note that with the coming of the RERA (Real Estate Regulatory Authority) and GST rate cut on real estate sector, the market sentiment looks positive and there is no doubt that it will further boost the confidence of the consumers.