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Latest Infrastructure of 20:80 Schemes

No Comments Sub Category:Infrastructure,Realty News Posted On: Nov 17, 2014

The 20:80 infrastructure schemes offer myriad options for prospective buyers and promise to make purchase processes very interesting.

The latest schemes of the 20:80 infrastructures offer a potential buyer with two interesting options which included:

  • The price would be Rs. 15000 per sq ft if a down payment of 20% of the property value was made right there and the remaining 80% on handing over the keys.
  • Another offer included Rs. 14,000 a sq ft if 20% payment was done upfront and the remaining 80% would deal with pace of development and construction.

The owners will have their flats in three years from now, guarantees the builder. The second offer seems always better when an end user is planning to buy this property as the bank will automatically make the payments when the construction goals are fulfilled. There are financial advisories who will deal with the due-diligence and documentation.

Another important question popped by the real estate consultants was regarding the selling of the property without any hidden charges. It is very important for buyers, investing in this building as they might have to face an adverse effect of the entire situation without knowing the builder’s policy.

Dual Effect of the Scheme:

The scheme has two way implications which as a senior finance official of the housing company stated that the builder got cheaper financial support at rates passable for home buyers. It is clearly around 4-6% less than what the builder would receive from bank. However, these schemes are quite well established in Mumbai as well as Delhi.

There is strict warning of bank regarding delay from the developers who represents individual borrowers. The bank might reduce their credit ratings or keep track of the borrowers in CICs, Credit Information Companies.

When banks have already laid out the payment to the developers in prior, on behalf of particular borrowers in a huge sum without any assurance of construction phases, they run on deficit to a great extent.

Presently, when the construction is somewhat about to finish, the buyers seem to be the gainers. This scheme is totally based only on the deal of buyers and developers directly. Investors are requested to go through all the points before making any ransom investment.

Source: Business Standard

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