Buyers waiting for the prices to fall further, before they commit themselves to a project, has now become a matter of concern to builders.
Doshi Housing, which announced the Phase II of the Nakshatra project in Tambaram has come up with a "Price Guarantee" scheme to address this issue. Its ad read "If the price falls further, you get the lower price". (Read details of Doshi Nakshatra II in the Budget Homes Blog)
A comparison of the Phase I and Phase II of Doshi Nakshatra, as given in the table below..
|Phase I||Phase II|
|Minimum number of BRs||2-BR||1-BR|
|Minimum Size||1155 sqft||555 sqft|
|Minimum Total Rate||34 Lakhs||15.5 Lakhs|
..throws light on the growing trend towards smaller affordable homes. And a further offer of price guarantee, like the one offered by Doshi Housing, should trigger commitments from buyers.