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National: Subvention schemes beneficial to all concerned parties

This festive season, a lot of realty developers have decided to use a 20: 80 scheme as a marketing tool to enhance realty sales across major cities. According to such ‘subvention schemes’ buyers are expected to pay a lower percentage of the basic cost at the time of investment and the higher percentage of this cost at the time of possession. Currently, Indiabulls, Unitech, BPTP are providing such schemes. The duration of such schemes depend on the discretion of developers.

Many banks provide home loans and are willing to help investors pay the higher values. Such schemes, then, are considered to be a form of facilitating home loans. Quite often, reputed developers have partnered with different banks which offer home loans. For instance, home loan providers for Indiabulls Enigma, Sector 110, Gurgaon includes Indiabulls, HDFC, State Bank of India and Andhra Bank.

It is noteworthy that not all developers prefer offering such schemes considering factors of uncertainty of completion of a project. This helps to infer that when such schemes are offered, there is a good chance that the project is likely to be completed within an anticipated time line. Quite often, such schemes are offered when approximately 20 percent of the construction of a given project has been completed. Such schemes seem to benefit everyone – realty developers, investors as well as banks.


About Sanjit Sharma

Sr. Online Marketing Executive with Favista Real Estate Pvt. Ltd.
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