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

Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.

Related posts