Realty bites

Online property fest

Signalling the revival of the customer sentiment the month-long online property fest organised by Magicbricks.com in association with ICICI Bank generated nearly 40,000 intending buyers for properties worth Rs 5,000 crore put up on the property site. The online property festival that took place from Oct 1-31, 2017, showcased properties by 500-plus builders and agents. Leading developers offered a host of exciting deals ranging from free Mercedes worth Rs 80lakh, free modular kitchen/interiors worth Rs 10lakh and cash discount of up to Rs 900/sqft on immediate bookings. Also on offer were irresistible discounts, loan offers and exciting prices on 250 pre-approved projects by ICICI Bank. Buyers were also offered higher loan amount, option of interest linked to MCLR and additional balance transfer facility on existing home loans. The festival featured around 100 developers from top metros and emerging market places like and Jaipur, Lucknow, Vadodara, Bhopal, Indore, Chandigarh etc.

Possession time

Noida-based ABA Corp is in the process of handing over possessions to buyers of its Cleo County at Sec-121 Noida. According to company spokesperson the possessions for the project are being given before the given deadline. Speaking on the occasion Amit Modi, Director, ABA Corp and Vice President CREDAI, Western UP said, “The real estate sector has been on a downward slope for the past couple of years and we wanted to exceed our buyers’ expectations. Cleo County reflect the efforts in the field of creating experiences rather than just plain brick and cement and we keep striving to provide an opportunity for the home owner to purchase not just an asset but a lifestyle of international standards.” The 25-acre project has an Egyptian theme and has been awarded as the Best Residential Property of the Year North India.                                         — TNS