Residents purchase decorative items in view of Diwali in Begumbazar on Thursday.
If these freebies are not tempting enough, some developers are taking their promotional campaigns a step further with lucky draws, offering buyers a chance to win an additional property under a ‘buy one, get one free’ scheme. Moving beyond conventional discounts, price benefits and waived registration charges, realtors are increasingly using high-value gifts and extravagant incentives to grab buyers’ attention and convert enquiries into bookings.
However, despite the glittering offers and aggressive marketing campaigns, developers say the festive season has failed to generate the usual buzz in the residential property market. Growing job uncertainty, layoffs and persistent inflation have dampened buyer sentiment, making this one of the more subdued Diwali seasons for the real estate sector.
The slowdown is not limited to Hyderabad but is reflected across major metropolitan markets in the country,” said an office-bearer of CREDAI Hyderabad. “Unlike previous years, when Diwali traditionally witnessed a surge in home bookings and property registrations, the expected rush of buyers is conspicuously missing. Even though property purchases are considered auspicious during the festive period, prospective homebuyers are reluctant to commit to major financial investments, preferring to adopt a wait-and-watch approach amid concerns over job security and rising inflation. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad