Announcement

Collapse
No announcement yet.

Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

Collapse
X
Collapse

Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

Last updated: December 6 2017
412 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

    Originally posted by swapthatsme View Post
    hi. can u please tell me wat are the different schemes they are offering . For example CLP, ADF or something like tht. Info regarding different schemes by IB would be of great help Would be of great help ?
    They offer 3 different schemes:
    ADF - Full amount to be paid in advance - the rate would be lowest compared to CLP and 20-80 schemes.

    CLP - Construction linked plan - Pay 20% on booking and rest as the construction work progresses.

    20-80 - 15% on booking, 75% loan and 5% on possession. This scheme would have higher rate than ADF or CLP.

    Comment


    • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

      Originally posted by topperharley View Post
      They offer 3 different schemes:
      ADF - Full amount to be paid in advance - the rate would be lowest compared to CLP and 20-80 schemes.

      CLP - Construction linked plan - Pay 20% on booking and rest as the construction work progresses.

      20-80 - 15% on booking, 75% loan and 5% on possession. This scheme would have higher rate than ADF or CLP.
      ADF is equivalent to 20-80, only difference is, in ADF, Pre-EMI interest is borne by the flat owner (fully or partially) , while in 20 -80, either for the loan of 80% of amount is taken, however, the onus of paying pre-EMI interest (generally upto 2 yrs) lies with builder without any burden on flat owner (same as in Indiabulls scheme, herein the builder will pay the pre EMI interest upto 2&1/2 years) or Builder, except 15/20% booking amount, does not require any money either from finance company or from the flat owner till construction is completed.
      Last edited June 25 2013, 09:02 PM.

      Comment


      • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

        Originally posted by muk2012 View Post
        ADF is equivalent to 20-80, only difference is, in ADF, Pre-EMI interest is borne by the flat owner (fully or partially) , while in 20 -80, either for the loan of 80% of amount is taken, however, the onus of paying pre-EMI interest (generally upto 2 yrs) lies with builder without any burden on flat owner (same as in Indiabulls scheme, herein the builder will pay the pre EMI interest upto 2&1/2 years) or Builder, except 15/20% booking amount, does not require any money either from finance company or from the flat owner till construction is completed.

        Hi Muk2012 thanks for the quick reply. As u have mentioned in ur last line that except 15/20% booking amt the builder doesnot required money till construction is complete. So does that mean tht we dont have to pay anything in 15:85 scheme till construction is complete even if it takes more than 2.5 years. What if construction take 4 years to complete from the date of booking ?

        Comment


        • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

          Originally posted by swapthatsme View Post
          Hi Muk2012 thanks for the quick reply. As u have mentioned in ur last line that except 15/20% booking amt the builder doesnot required money till construction is complete. So does that mean tht we dont have to pay anything in 15:85 scheme till construction is complete even if it takes more than 2.5 years. What if construction take 4 years to complete from the date of booking ?
          Let's take example of IB Greens Phase 2 15:85 scheme. IB housing finance will provide the ADF for 80 % of value for the flat owner. The loan, subject to eligibility, will be sanctioned in the name of person, who booked the flat, while the payment will be directly made to IB. Upto Dec'15, IB will bear the interest cost (pre-EMI). However, in case, possession is provided in say Jul16, for this period of six month, the pre EMI interest installment has to be paid by flat owner . During pre EMI period, housing finance company will charge the interest component and there will not be any change in the principal of loan amount. This scheme is costly, suppose possession gets delayed further.

          Generally 20:80 schemes are provided by builders wherein construction is atleast 30% complete. But in IB Ph2, still approvals are not in place, and there is a very high possibility that person may have to bear the pre EMI interest for one year or more w.e.f. Jan 16 onward.

          Comment


          • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

            is panvel greens a good place to invest in? I am planning to buy a 1.5 bhk or 2 bhk flat in phase 2, under the CLP scheme. and is it necessary that under CLP scheme to take loan from IB finance or can I approach other banks for the loan ??

            Comment


            • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

              IB has launched a drive to book the flat in phase 2 @5100 CLP and @4200 ADF. The offer is valid upto Aug 20. PLC, floor rise and parking carghes are waived off.

              Same drive was launched in Jun'13 with offer price @4800 CLP. If 5% exit penalty is taken into consideration, there is negligible appreciation in last two months.

              Comment


              • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

                Guys,

                Any one pls help with cancellation of flat in Indiabulls Green Phase 2.
                I had only paid booking amount through agent/broker, remaining 20% payment booking is kept on hold due to Indiabulls finance intrest rates and sad customer services..

                Regards,
                Sud

                Comment


                • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

                  why do you need to cancel the booking?
                  what are the problems you are facing with this project/ company?

                  you experience will help others decide on buy / not buy.

                  Comment


                  • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

                    Hi Guys,

                    Planning to take a personal loan for making 20% payment and will then go for a CLP plan.
                    As this is a slow moving project.
                    I am expecting the construction not to start soon, at least 8 months to go.

                    Kindly suggest you point of view friends.

                    Comment


                    • Re : Indiabulls Green Phase 2 by Indiabulls in Panvel, Mumbai

                      Originally posted by llimca View Post
                      Hi Guys,

                      Planning to take a personal loan for making 20% payment and will then go for a CLP plan.
                      As this is a slow moving project.
                      I am expecting the construction not to start soon, at least 8 months to go.

                      Kindly suggest you point of view friends.
                      8 months is optimistic. Plan for atleast 1 year + for the start of construction.

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X