Yes, the good news is that the phase of recession is over and things are getting back to normal but the bad news is that the real estate market is still the same and no one is buying or selling like before. So now, the real estate folks are coming up with few tempting offers.
The hottest scheme introduced is the buy 1 get 1 free scheme. According to this, buying a property at the rate of Rs 3000 per sft, the buyer will be getting another property as well. But the catch is that for a double bedroom flat, the customer will get a single bedroom flat extra. And the actual price of the sft as per market rate and demand is not more than Rs 1300/- in many places like Uppal, Patancheru, Alwal and Malkajgir.
Though it is a very juicy offer to make money, the sources say that still it is getting hard. Well, the reason for that are the banks who have come up with some really stringent policies and procedures than before and they are not showing any interest like before towards providing home loans as they are stuck with the existing customers who are unable to pay the installments.
