Hariprasad NG, Apartment Resident
Posted Discussions
Posted Replies

Did anyone book a flat in Ozone recently?
Q: Has anyone booked a 2 or 3 BHK apartment in Ozone? I visited last week and the quotation is 2990/Sqft, with a premi payment option by the builder to the bank till possession- For a 2 BHK - I need to pay the builder approx 7 lacs today. Till the possession which is Dec 2014 as of now, the builder will be paying the interest to the bank. Me paying nothing. The banker explained me that I would save approx 6 lacs of rupees for 2 years by not paying EMI. And I can invest it somewhere else and get returns. Looks lucrative. Do you all see anything fishy over here? Also I have been 2 times to the site. I do not find any labours or any work going on. Did anyone else see any development? Did anyone book a flat at ozone recently? AT what price?

My replies to this discussion
If you calculate taking into account that the complete loan amount will not be disbursed at the time of booking and is disbursed equally in the next 2 Yrs than you will not save any thing. But I Went with this scheme with assumption that he is going to pay the EMI till possesion and I need not want to bother about the project delay. But now when it comes to Tri-Party Aggrement the builder is asking me to sign on the Tri-Party Aggrement which mentions that the builder is going to pay the Pre-Emi till 31-March-2015. If some one already went with this pre-emi scheme with ozone please let me know how what you did with the tri-party aggrement.If you calculate taking into account that the complete loan amount will not be disbursed at the time of booking and is disbursed equally in the next 2 Yrs than you will not save any thing. But I Went with this scheme with assumption that he is going to pay the EMI till possesion and I need not want to bother about the project delay. But now when it comes to Tri-Party Aggrement the builder is asking me to sign on the Tri-Party Aggrement which mentions that the builder is going to pay the Pre-Emi till 31-March-2015. If some one already went with this pre-emi scheme with ozone please let me know how what you did with the tri-party aggrement.
If some one already went with this pre-emi scheme with ozone please let me know if you have signed the tri-party agreement.
Q: Since the Tri-Party Aggrement mentions that Ozone Is going to pay the Pre-Emi till 31-March-2015 and not till possession. Pre-Emi in Ozone Urbana Aqua

My replies to this discussion
Pre EMI is a scheme where you will be paying around 200Rs per sqft more than the normal scheme but the advantage is right now you will be paying only 20% of the total amount and the rest (95% of 80%) of the amount will be disbursed by bank immideatly and you need not want to pay the EMI till the possession. So there is not risk of delay in construction but you are paying 200Rs/Sqft to evade this risk.Pre EMI is a scheme where you will be paying around 200Rs per sqft more than the normal scheme but the advantage is right now you will be paying only 20% of the total amount and the rest (95% of 80%) of the amount will be disbursed by bank immideatly and you need not want to pay the EMI till the possession. So there is not risk of delay in construction but you are paying 200Rs/Sqft to evade this risk.
Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!