North India-based Ansal API is planning a sequence of project launches in the national capital region, UP, Rajasthan and Punjab in the festive season. The company plans to offer EMI holiday till possession is taken, in the case of some of these projects.

"We will only take the initial booking amount and the EMIs will start after possession," said a company spokesperson.

Many builders are unwilling to come on record that they will offer price discounts this Diwali, but do admit to offering freebies such as free parking, furnishing and even sharing stamp duty and registration fees.

Sunil Manrti Realty, developing a housing project Goregaon in Mumbai, is offering to bear 50 per cent of the stamp duty cost, "We will soon be offering this and hope for a good response as the benefits are substantial," said Manish Grover, vice president (sales & marketing).

ERA Landmark, a Delhi-based developer, is offering some freebies with bookings in the festive period that starts with Navratri and ends with Diwali. "We have also lowered the upfront booking amount from 10-15 per cent earlier to five per cent," disclosed Deepak Aggarwal, chief operating officer, ERA Landmark.

While they plan to bring these deals to you, watch out to make the most of it.