Should you exchange your old property with a new one?
Synopsis
Currently, many real estate developers have unsold inventory and therefore, they are now offering financial benefits, discounts and easy payment options to attract home buyers.
Cash-starved real estate developers are trying innovative ways to clear unsold inventory. One of the ways they are trying to do this, especially developers in Delhi-NCR, is by offering property-swap schemes to homebuyers stuck in stalled projects, providing them with the option to switch to another property if they are ready to pay a large upfront amount to buy a new property. This is what is called porting. Some developers are sending SMSs to
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