Indiabulls Real Estate, leading developer has reportedly started the exercise of easing in property prices with around 10-15% lower price tags. In order to attract buyers in a slow market, company is offerings at around Rs 25,000 per square feet, against earlier prices of Rs 28,000-30,000 per square feet. The entity is also offering 20:80 financing scheme, where the customer can pay 20% at the time of booking and the rest at the time of possession.
The company has registered 51% jump in its sales bookings to Rs 3,002 crore during the last fiscal as against Rs 1,982 crore for the year FY12, while the annual rental income grew by 37% to Rs 486 crore in FY-13 versus Rs 354 crore in FY-12.
