DLF Reduces Home Prices in Gurgaon
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Introduction
In the couple of weeks back dlf has slashedhome prices in the bangalore apartments. It seems now the good time is for customers because most of the builders are reducing the prices. Many builders offering cars and special gifts for theose who are booking the aprtments early. DLF is the latge real estate company in India by market value. DLF faced big problem due to the recession and now they are reducing their apartment prices to sell all their completed projects.
DLF in Gurgaon
DLF is offering a discount of 20% on apartments in its New Town Heights project in Gurgaon, on New Delhi’s outskirts, for both existing and new customers. Wooing customers: A DLF project in Gurgaon. The firm said the price cut was to pass on the benefit of lower material costs to the buyers. Harikrishna Katragadda / Mint DLF sent a letter to its customers on Wednesday announcing the price cut. But, unlike the flat cuts on DLF’s projects in the three south Indian cities, the discount on apartments in New Town Heights is structured in a complicated fashion and comes with caveats.
DLF has given a 5% discount on the basic sale price of the property. The company has also said that it will increase the area of the property by around 5% free of cost which would decrease the cost of the apartment by 5%. It is not clear whether the increase in the area would be in the super-area or the carpet area of the apartment. While super-area is the entire area of the building including the common area such as the lobby, carpet area refers to the actual usable area within the apartment. DLF has also promised a 10% rebate on timely payment by customers. This rebate will be on the sale price and will be credited to the buyers’ account in the last instalment if the payments are made on time. The developer has also changed the payment plan for some customers from a time-linked plan, under which customers have to make payments in line with a pre-set schedule. Those who have paid 35% of the sale price would now be allowed to pay the remainder according to progress made in the construction of the project.
