POSSESSION linked HOUSING strategy
One should take care of the following three important protections while investing in possession linked housing plan.
1. Ensure that the builder doesn’t have two dissimilar costing structures (i.e. one for construction-linked and another for possession-linked plans). If there are two such dissimilar pricing offers, then the developer has already factored in the cost that would levy for a possession linked plan. Such a situation means that the buyer is supporting the developer and this is not an attractive proposition.
2. Confirm that the developer has all compulsory approvals in place. Buyers supporting the developers without approvals are similar to any non-approved advance collection system may catch the eye of economic regulators for example SEBI and RBI. Consumers are advised to exercise caution while investing in any plan where approvals are yet to come and there is a guaranteed return type of configuration.
3. Read the fine print carefully.
Source: Financial Chronicle
HOUSING strategy, investing in possession liked housing plan, possession-linked plan, three important protections
