India, March 4 -- Thirty-nine-year-old Kunal Shah recently purchased a 2 BHK apartment in Mumbai's western suburbs for around Rs.2 crore. His home search began nearly five years ago, following the COVID-19 lockdown. However, by the time he secured the necessary funds, property prices in Mumbai had risen significantly, making the purchase more challenging.

However, as the Mumbai real estate market shows signs of moderation, prospective buyers are now better positioned to negotiate property prices. To stimulate demand, developers are increasingly offering subvention schemes-also known as buy now, pay later, or flexible payment plans-which allow homebuyers to pay in instalments.

Several developers, including Rustomjee Group, Hiranandani Gr...