Developers banking on 20:80 scheme
The mid-sized developers are banking upon the 20:80 scheme in the upcoming festival season.
It has been considered a popular marketing tool to attract buyers amidst a slowdown in the real estate business. Under the scheme, which is known as the ‘subvention scheme’, a buyer has to pay only 20 per cent upfront, while the remaining 80 per cent is paid at the time of possession.
Interest subvention schemes are a modified form of financing home loan, where a buyer of an ‘under construction’ property is not required to pay monthly EMIs for a defined time-frame, or until he takes possession.
It is being considered highly favourable for consumers as they can expect to save around Rs 2-3 lakh on interest cost.
To read more real estate news:
Chennai commercial space decilnes
20:80 scheme, festival season, home loan, Home Loan Interest rate, Marketing tool, mid-sized developers, Real estate in India, slowdown in the real estate business, ‘subvention scheme’
[...] Developers banking on 20:80 scheme [...]
[...] Developers banking on 20:80 scheme [...]