Builders offering a whopping 20% discount on affordable homes

The demand for the affordable homes is not affected by the global slump which is being faced by the realty market. The demand for the affordable housing- for 1,2,3, BHK  apartments in the range of Rs. 35 lakhs continue to increase with time and is unaffected by the economic crisis. As a initiative to make most of this demand the builders in Ahmedabad are offering whopping 20% discount on such houses and are offering high commissions to brokers to get bulk booking for the affordable homes.

The global slump has helped the buyers are lot rather than the sellers but the demand has been experienced to be highest in the affordable houses segment, i.e. in houses admeasuring 1000 to 2000 square feet. According to Mr. Suresh Patel, former president of Gujarat Institute of Housing Estate Developers (GIHED) the buyers of the bigger flats are generally those who makes the purchase as an investment option or who are upgrading them.

He further added that the demand of the affordable houses segment is relatively genuine as the buyer tends to live in those houses. Hence the impact of the global slowdown on this segment is negligible, quality product which are priced reasonably always are in demand.