Real estate celebrates with Independence Day offers

New Delhi: On the 75th Independence Day, the real estate sector has come out with offers to instil further confidence in the market. Some prominent offers include assured return, 25:75 payment plan, and a free rental period. Realtors feel that the market is buoyant, especially after the second wave, and it requires extra efforts from the developer community to ensure that buyers have something to celebrate in these challenging times. 

Noida-based Mahagun Group has “My Freedom Month '' offer under which the Group is offering 25:75 plan. The buyers will have to make 25 per cent payment and the rest after possession; the offer is for six of their projects, including Mahagun Montagge (Crossing Republik, Ghaziabad), Mahagun Mantraa (Greater Noida West), Mahagun MyWoods (Greater Noida West), Mahagun Meadow (Sector 150, Noida), Mahagun Mezzaria (Sector 78, Noida), and Mahagun Manorialle (Sector 128, Noida). The offer also includes one-year maintenance, free modular kitchen, zero per cent GST, 50% off on PLC, and free first transfer. “This is the time we should celebrate together, and what better way than to have independence of a home. We are working speedily delivering projects; in the last two months, we have delivered 1464 units in Mantra, Mezzaria, and MyWoods. We have consistently met or exceeded the buyers' expectations by delivering high-quality projects. We've always been the industry leader in developing real estate solutions, with a commitment to provide successful communities,” said Dhiraj Jain, Director of Mahagun Group.

Rajasthan-based Bhumika Group, a renowned name in real estate, is offering investment starting at Rs 30 lakh including GST for the expandable world-class office spaces starting from 496 sq ft at Udaipur’s Urban Square, iconic hospitality-focused mixed-use destination development with a balanced mix of Commercial, Retail, Hospitality and Entertainment. Urban Suites serviced apartments at Urban Square is offering an 8 percent assured return with investment starting from Rs 34 lakh inclusive of GST. “We are constantly working to provide the best of services to the people of Rajasthan and the tourists that swarm the State. The delivery is progressing as per delivery timelines and possession will be given soon, and the project will be delivered as per RERA commitment. Since the launch, the prices here have been appreciated greatly. Urban Square is not only getting huge inquiries, which shows there is strong demand for our product,” said Uddhav Poddar, MD, Bhumika Group.

Looking at the current market situation affecting businesses, Punjab-based real estate developer Motia Group has come up with a scheme to support the entrepreneur, which will help the economy grow. The company announced an 18-month free rental period for anyone who decides to open an office at Motiaz Royal Business Park, Zirakpur. The offer does not apply to the co-working spaces. LC Mittal, Director, Motia Group, said, “Entrepreneurs will only pay a maintenance fee for 18 months; they will not pay rent; This is a gift to our valuable customers on the 75th Independence Day. The step is being taken to encourage entrepreneurs and startups. Business development is crucial to maintain country's economic growth, and we want to play our part in the process. We will give office space to corporate & established business houses and not individuals.”