the sale or only to a onetime purchase worth rs 3000 both models exist says kackeran instant cashback applied at checkout while shopping online is preferable to one credited after two or three months similarly a 20 cashback may look attractive but not if it comes with a ceiling of say rs 1500 when your total spend is rs 50000 if you are using a credit card to pay there could be a clause that says the cashback could be rolled back if card bills are not cleared on time says prashant bhonsle head student loan and cmo incred a digital lending nbfc4 subvention schemesa tripartite agreement between a developer lender and borrower this allows the latter to shell out 1020 of the total cost initially the emis are deferred till possession or a specified date making houses more affordable while the national housing bank has barred housing finance companies from participating in such arrangements banks face no such restrictions this apart several builders have come up with their own versions of subvention schemes where the buyer has to book the flat after paying 520 of the agreed price the rest is to be financed after possession while these structures boost buyers affordability the costs are 78 higher than regular rates if affordability is not a concern find out if you can negotiate an upfront discount on the price5 freebies with home purchasesdevelopers shower freebies like modular kitchens airconditioners and semifurnished apartments to entice buyers however it is wise to drive a hard bargain for straight discounts on the rates instead most developers have not announced hard discounts officially notified and applicable to all during this festive season as there are several factors preventing them from doing so says anuj puri chairman anarock property consultants he attributes this to the nbfc crisisinduced liquidity crunch nhb diktat to hfcs on subvention offers and high cost of raw materials this year developers are offering effective discounts by way of waiver of gst or even stamp duty and registration charges he adds for homeseekers this will result in cost reduction of 512 however if you are a genuine home buyer you should try harder to get the price lowered developers may extend direct discounts to buyers showing serious intent to seal the deal by preeti kulkarni et bureau published on oct 15 2019 at 0812 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app festive sales emi loan scheme diwali homenewsindustry5 festive season sales traps