Faced with slowdown in the property market, realty firm Supertech is offering a studio apartment free on the purchase of a Rs 1.38 crore luxury flat at Noida to woo customers.

Under the scheme, if customers purchase 2,300 sq ft top floor flats worth Rs 1.38 crore in Capetown project at Noida, they will get free studio apartments of 500 sq ft worth Rs 22 lakh in Golf Village project on Yamuna Expressway.

Supertech expects the scheme would boost the sales volume and also improve cash-flow of the company.

“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 statement.

The scheme is available only on a purchase of 2,300 sq ft top floor apartment worth Rs 1.38 crore, and in return customers can avail of a free 500 sq ft studio apartment worth Rs 22 lakh located at Golf Village in Yamuna Expressway, it said.

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 no EMI benefits till possession.

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 presence in Noida, Greater Noida, Gurgaon, Meerut, Moradabad, Haridwar, Rudrapur, Ghaziabad and Bangalore.

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