Prestige Homes at an unbelievable offer 10-80-10*

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Prestige Homes at an unbelievable offer 10-80-10*

. Market has clocked a sales growth of 28 per cent post-demonetization as per latest study. Prestige Group presents "10-80-10" offer to attract NRI customers

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Published: Thu 7 Dec 2017, 6:34 PM

Last updated: Fri 8 Dec 2017, 1:45 PM

The realty market in India seems to have shaken off the impact of demonetization by registering sales growth and now showing signs of revival. Optimistic on the growth of the affordable and premium segment properties, while seeing consolidation in the luxury segment, market stability has returned while buyer sentiment is upbeat because of the trust wave generated by the implementation of RERA.

To cater to the renewed interest and buyer's demand, Prestige Group, one of India's largest and most sought-after property developers is presenting a special offer of "10-80-10" for NRI buyers at CREDAI's Indian Property Show taking place at the Dubai World Trade Centre between 07 - 09 December 2017.

The company will be presenting a variety of developments across the cities of Bengaluru, Hyderabad, Chennai, Kochi and Mangalore. These consist of apartments in the budget to luxury range, as well as exclusive villas.

"Buyers should not wait any longer as our 10% now and balance on possession offer is very lucrative. All our projects are RERA approved and this certainly gives an added reason for consumers to secure their purchase", said Mr. Shub Ganguly - Sr. VP, Sales, Prestige Group.

"This special NRI scheme is an exclusive tie-up with HDFC and ICICI, tailor made for under construction and ready to occupy developments. This scheme was a huge success during our property show KEYS 2017 in Bengaluru, held two months ago. Specific details of the scheme will be available during the Expo", Mr. Ganguly added.

All under construction projects are fully approved with RERA certification, which is a huge comfort to prospective buyers.

RERA was implemented in May 2017. It is the transformational legislation on how real estate business is done. It advocates a completely different method of conducting business, starting from registration of a project after approvals before the launch to keeping 70% of the collections in a designated account meant solely for that particular project, timely completion and delivery, commitment to specifications, total transparency in terms of availability as well as a five-year warranty post completion. All this and more has made the Real Estate Developer that much more accountable and responsible to the homebuyers, eliminated the weak, the freelance and the fly by night operators, and brought in overall professionalism and accountability. It has also brought in a lot of consumer activism. These steps though, while protecting the customer, has had an impact on the supply, and increased the cost of the product, which in turn has increased the price, which the customer has to bear.

Sales across the top eight markets grew 4 per cent in the first quarter of FY2017-18 on a year-on-year basis, while sequential growth stood at 6 per cent, according to a report by real estate research firm, Liases Foras. The study said that the realty market has clocked a sales growth of 28 per cent post-demonetisation.

Additionally, the report said that the affordable segment contributed 17 per cent to the overall sales, up from 16 per cent in the previous quarter.

Current offer by Prestige Group is an unbelievable scheme for both first time buyer and otherwise. This offer is valid for 3 days exclusively for NRIs in Dubai.

Hurry! Visit stall no: D1 at CREDAI's Indian Property Show, World Trade Centre, Dubai from 7th to 9th December 2017. For more details, call: +971 507088970


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