How much can you actually negotiate with a builder?
I feel there is more room for negotiation than most buyers realise, even with Tier 1 builders.
During EOI, pre-launch and launch events, there's always this feeling that hundreds of buyers are waiting and you need to book immediately. But at some of these launch events, people are literally paid to come and pose as buyers just to create that crowd and urgency. And then you see the same project selling inventory for years after launch.
The problem is, most of us are first time buyers, so we don't really know how much room the builder actually has.
Say a home is ₹1.5 Cr. Even a 2 lakh discount is actually small, it is around what a broker could make on the transaction anyway. So surely there must be room beyond that in many cases.
People who have actually negotiated with builders, especially Tier 1 builders, how much did you manage to get off the quoted price?