Builders offering 20:80 scheme to attract buyers for Mumbai property
In order to attract buyers for residential apartment in Mumbai, the builders and developers are now offering a scheme where the buyer has to pay 20% of the cost while booking a flat and the remaining 80% on taking possession.
Hubtown Developers launched Hubtown Sunmist in Andheri (East) and Hubtown Hillcrest project in Gurgaon. Where, the developer offers the scheme to attract home buyers.
Apart from Hubtoen Developer several other builders like Wadhwa Developers, Indiabulls, Nirmal Lifestyle and Runwal Group are also offering same scheme to promote their projects in Mumbai and other places in India.
According to the official of Hubtown, it is a win-win proposition for all. As the buyers get a breathing period and don’t have to bear the EMI burden, the developers also get structured funds for the project execution at the desired pace.
According to real estate experts developers have to resort to such schemes due to the slowing economy.
This scheme is benefited to all as developers can sell the flats; the buyer buys it without much risk while the bank makes money by disbursing the maximum amount.
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Source: DNA India
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To attract and get some funds for development of the property this will be the best way.Even we are developing residential properties in Virar,Mumbai with affordable prices and with all world class facilities.