Group Home Buying: Answer to tackle the Indian Real Estate Market
Group Home buying in Indian real estate could be the answer to the market slump and high interest rates. Wondering what is ‘Group Home Buying‘?
The concept of Group Home Buying is simple. Builders and Developers are able to offer lower prices when several people buy together. This is a win-win situation since
a) Builders and Developers make a profit due to volumes
b) While buyers save money due to price being lower than what they would have got individually.
For Example:
Property Prices in Mumbai
| Area | Actual Price | Group Price |
| Chembur | 9100 | 8190 |
| Mulund | 9250 | 8750 |
| Dombivali | 3890 | 3490 |
Courtesy: www.groupmagix.com
Players like Groupmagix, Dealsflat etc provide a platform to form groups and negotiate the best property deals with Builders & Developers. To top the icing with the Cherry, You don’t have to pay anything. Zero Membership fees and Zero Brokerage.
The advantage of such a model is that Customers don’t have to find members to form the group. They just have to join the group of the particular area or project and thus avail the discount using the power of Group Home Buying.
Apart if a customer is looking to buy a property which is not listed in the deals, the customer can ‘Request a Deal’ and the Group Buying Platform can negotiate a deal with the Builder/Developer if more users show interest in that particular deal.
With respect to the current scenario in the Indian Real Estate, Group Buying has come as a blessing for both the Home Buyers and the Developers.
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