Nearly 10,000 line up to buy home on Snapdeal
New Delhi, November 13
Snapdeal today said nearly 10,000 customers have registered to purchase property on its platform during its pre-Diwali home shopping festival.
Snapdeal organised the online ‘Diwali Home Buying Fest’ during November 3-9, offering discounts on purchase of flats in over 200 projects across major cities.
Real estate sector is facing a huge demand slowdown for the past few years, resulting in poor sales, liquidity crunch and delays up to 5 years in project execution.
“Customers from Delhi NCR, Mumbai, Navi Mumbai, Thane, Bangalore, Kolkata, Chennai, Hyderabad and Pune have initiated the purchase process with partner builders who tied up with Snapdeal. The average value of each house booked on the platform is Rs 55 lakh,” it added.
Over 1,000 customers registered to avail home loans via Snapdeal’s financial arm Rupeepower. PTI
