Now, a buy-1-get-1-free offer in realty: Supertech offers 'free' flat to woo buyers, but at a price

New Delhi - In an unbelievable discount offer to beat slowdown blues, realty firm Supertech yesterday claimed to offer a free add-on studio apartment with the purchase of a luxury flat, but ‘conditions apply’ like all such schemes. The offer comes with quite a few riders – the scheme is valid only for top-floor flats and the cost of the flat stands at Rs 1.38 crore, while the ‘free’ studio apartment carries a price tag of Rs 22 lakh and is located several kilometres away at another project. So far, some realty developers have offered freebies like cars, ACs and other household items, but this one beats all such discount games that real estate companies come up with to lure buyers in a sluggish market. Under the scheme, if customers purchase 2,300 sq ft top floor flats worth Rs 1.38 crore in Capetown project near Noida City Centre, they will get free studio apartments of 500 sq ft worth Rs 22 lakh in Golf Village project on Yamuna Expressway in Greater Noida. [caption id=“attachment_2018169” align=“alignleft” width=“300”]  Representational image. Reuters[/caption] Supertech expects the scheme to boost the sales volume and also improve its cash-flow. “In order to boost sales, Supertech announces buy one get one free offer on one of its residential project Capetown located in Noida. The offer is available only for the top floor apartment buyers in ‘Cape Crown’ of Capetown Project,” the company said in a press release. Noida-based Supertech will also give free Flipkart gift vouchers worth Rs 1 lakh to its prospective customers. Apart from this, the customers can avail the benefit of ’no EMI’ till possession, the company said. Supertech Chairman R K Arora said: “The offer is indeed a value for money for prospective customers. The possession of our Capetown project has already started since Diwali and this scheme is well suited for the customers who are looking for ready to move in flats. “We are happy to offer this scheme as it will not only increase our cash flows but also boost the sales volume significantly.” The project ‘Capetown’ is spread over 50 acres comprising 7,000 housing units. Supertech is currently developing over 90 million sq ft. The company has a presence in Noida, Greater Noida, Gurgaon, Meerut, Moradabad, Haridwar, Rudrapur, Ghaziabad and Bangalore. PTI