Puravankara offering to bear difference of home loan interst rate between bank rate minus 6.99%. It means if the rate is 10% they will bear 3.1%, 6.99% to the buyer for the first 24 months. Is there fund position that much bad or it is the real intention to push off unsold inventory? Is it a genuine offer of discount from their price in a indirect way to push sales? As this is applicable to all their projects, would it be a good offer to select their projects in which they have considerable construction progress (which may get completed in 24 months for sure-do they have any such project close to handover-how about their Pallikaranai or OMR project construction status ? Please post your views.
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  • I doubt ppl will go for it even if they bear the full loan amount for 2 yrs.. One known builder to stay away in chennai is PURUVANKARA.. Experts, correct me if I am wrong...
  • Yes, Purvankara means troubles