If you travel on the road to Noida and Greater Noida, you will find a large number of banners and hoardings of new residential real-estate projects on both sides of the road.
The moment you get close to construction sites, salesmen of property dealers descend on you like a horde of bees.
Start talking to them and you will be offered discounts of up to 9 per cent on the published price straightaway.
Most developers have thrown in freebies like free parking bay and club memberships.
It is also an open secret that most of these developers have a mountain of debt on their balance sheets.
So are they desperate to sell their flats? Is this the first sign that the real estate bubble is all set to burst?
Image: A file shot of residential apartments under construction in Noida.
Text: Mansi Taneja, Business Standard