NCR-based realty player Bhutani Group has come up with a unique offer where buyers can get the annual return in advance after making the down payment.
The mega offer, said a company press release, will work on the 50:25:25 Plan and will be available on all its commercial projects in Noida. The Group is expecting revenue of Rs 1,000 crore during the festival season, it added.
The Group also has plans to invest Rs 5,000 crore over the next three years on the development of its ongoing and future projects in Noida and Greater Noida. It plans to deliver nearly 16 million sqft area over the next couple of years, added the release.
Ashish Bhutani, MD, Bhutani Group, said, “Real estate sector has never seen such an offer and we are hopeful of getting a good response. The down payment is 50 percent of the total amount, and the customer has to pay the next 25 percent after three years. The buyer can deduct the annual return of three years from the down payment amount or else we will give him a cheque of three years’ annual return after the realization of the down payment cheque.”
Bhutani further said, “As the festival season is approaching, it is our gift to the customers which will help them realize their dreams.” He was confident that this season would be phenomenal as “we have witnessed an increased number of queries from end-users.” The inquiry-to-sales ratio is already very encouraging and it is likely to improve further, he added.