Bogged down by the economic slowdown, the real estate sector is going all out to woo would-be buyers. Builders and realtors from across the country, thus, went all out to promote their upcoming projects at the three-day Property Expo, which concluded at Pragati Maidan on Monday.
In an attempt to get some of their properties booked, they offered deals like free luxury cars and up to 8 per cent discount on the base price. And though many admitted the exhibition attracted fewer enquiries than it would have in previous years, most builders were said the situation is starting to show improvement.
Among the optimists are Harjinder Malhotra, managing director of Preet Developers, an established builder in Punjab, now eyeing the Delhi real estate market. Malhotra, who hopes to launch a new project within the next two months, said the slowdown led to a massive dip in property prices and thus made it the perfect time to invest in property.
More : expressindia.com
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