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Old 18th November 2008, 16:49   #1
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Thumbs up Realty developers offering Luxury cars to boost their SALES

Buy a bungalow and get BMW, gold free


A bungalow by Kubix Realities in Pune
So? What do you want with your Rs 2.98-cr bungalow a BMW car, two kilos of gold or a year's EMI paid for by the builder? Kubix Realities, a Pune-based developer, is asking its customers to choose from one of these freebies on the purchase of 5,400 sq ft bungalow in Pune, that has four bedrooms, a servant's room, three parking lots, and a password protected personalised elevator. The door locks are also password-protected.

The properties are a 10-minute drive from the Deccan Gymkhana area and are targeted at High Networth Individuals. Said Nainesh Nandu, MD, Kubix Realities, "Of the 11 bungalows that are ready, five have been sold and two of the buyers are from Mumbai.

Two chose the BMW, two chose the gold and one went with the EMI scheme." Refusing to reveal the identity of the buyers, Nandu said they included industrialists, entrepreneurs, stockbrokers and IT bigwigs. He said the company wanted to offer something significant to the buyers. "I would have reduced the rates like others, but we decided to go with freebies as I wanted to offer our customers something significant," he said.

"And we felt reducing the rate would have been a cheap method of promoting the project. It's not about people who can afford to buy the bungalows; we are looking for buyers who understand quality," added Nandu. There are smaller bungalows of 4,800 sq ft also for Rs 2.78 crore, but the freebies remain the same.

What the freebies mean
Two kilos of gold will cost approximately Rs 24 lakh
BMW: Goes for a minimum of Rs 25 lakh
EMI scheme: For a loan of Rs 2 crore @ 11.5 per cent interest for 20 years, the EMI for 12 months will be approximately Rs 25 lakh

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Last edited by Rehaan : 18th November 2008 at 20:22. Reason: Please see note in post.
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Old 18th November 2008, 17:15   #2
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Similar scheme by Jaypee Greens in Greater NOIDA. Buy an appt worth INR 3 cr. and get a BMW 320d free.
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Old 18th November 2008, 17:27   #3
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It's same everywhere

Property developer to give away £110,000 Aston Martin to first person to buy £1m home | Mail Online

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