20/80 Payment Scheme by Purvankara Projects
To pay 20% of total cost of the apartment initially in Purvankara Projects and rest only at the time of possession, the realty developer has come up with a 20/80 deferred payment scheme. The interest cost on the 80% of the value of the apartment till possession will be bear by the company itself. EMIs (equated monthly installments) to the bank for its home loan can be paid by the customers only after possession of the apartment.
The company, however, did not mention any time frame for which the offer will be valid. The offer will be available at all of Puravankara’s projects except Windermere in Chennai and Blue Mont in Coimbatore. Currently, the company has 20 projects under construction spread over 27.33 million sq ft.
Chief Executive Officer Jackbastian Nazareth says, value for money and the assurance of getting his home delivered on time will be given to the customer and they are ready to meet this market sentiment. On Thursday, shares of Puravankara Projects closed at Rs 71.25 on the National Stock Exchange, up 1.9% from Wednesday.
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