Buy A Flat And Get Another Flat, BMW, Merc Free

Within months of charging the moon, Indian real estate firms are now offering buy-back of properties, free cars and even free apartments to tide over the current slump which has seen sales halve from the beginning of the year. Mumbai-based Cosmos Group has launched the `Ghar pe ek Ghar free' (one house free on every house) offer at its four upcoming housing projects in Thane near Mumbai and Lonawala near Pune. The buyer will get a 1-BHK flat free with a purchase of a bungalow or a big flat, while with a 2-BHK flat, a bedroom and a kitchen come free.Delhi-based Jaypee Group is offering BMW-3 Series, Mercedes Benz or Toyota Camry luxury cars free, depending on the size and value of its flats at Noida and Greater Noida. And Ghaziabad-based SVP Group is giving 50 gram gold coins for apartments at Ghaziabad priced between Rs 45 lakh and Rs 2 crore. Another property developer, Sunil Mantri Realty, has launched an `assured buy-back offer' at its housing projects at Mumbai, Gwalior, Solapur and Bangalore. If the property price goes below the purchase value, the company will buy it back at the same price on the condition the buyer holds it for three years.