HW English
The Real Estate Show

How developers use Subvention schemes to take banks & buyers for a ride?


There are three parties involved in the scheme – a lender, a developer and a homebuyer. The homebuyer books a flat by paying a sum of 5-20 per cent of the cost of the flat upfront. The rest is paid by the lender to the developer as the construction progresses or upfront, but as a loan to the buyer. The developer takes care of pre-equated monthly instalments (EMIs) for the time period as agreed in the agreement. #Subventionschemes #RealEstate #NirmalaSitharaman

Related posts

Why are 95% buildings in India are unsafe from fire?

L. R Narayan

How carpet area definition changes under RERA?

L. R Narayan

RERA and its effect on the common man

L. R Narayan