Indian Property Developers Offer Deals to Lure Buyers as Market Cools
Discounted mortgages and pauses on loan repayments are on offer to counter rising interest rates.
A residential housing complex in Thane, Maharashtra, India
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Property developers in India are offering discounted mortgages and pauses on loan repayments to attract buyers for apartments and soften the blow of higher interest rates.
The sweeteners coincide with the Dussehra and Diwali Hindu festival season, when it’s considered auspicious to buy property. While giving some incentives to potential buyers during the period that runs until early November is normal, this year’s enticements have surpassed the usual offerings.