Summary:
- Advertisement -Mumbai developers have been showering offers such as lower booking amount and a full refund on cancellation to woo homebuyers and register higher monthly sales. Some direct discounts are offered. Developers in top cities are also offering incentive schemes including delayed payments free amenities festival discounts rent guarantee's and absorption of state tax. Developers are keen to reduce home inventory levels which are at historically high levels to increase cash flows during the pandemic according to brokers and real estate consultants. At the end of June prices in Mumbai were 0.45 per cent lower than the same quarter in 2018 according to data from the central bank..