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Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

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Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

Last updated: February 2 2014
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  • #11

    #11

    Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

    Originally posted by vinaybhatia View Post
    Amit is correct. One has to pay pre-emi for the portion of the amount disbursed by the bank. Actual emi will start after possession.
    You will not get any tax rebate on pre-emi payment.
    EMI starts after 2 years/possession, which ever is earlier. Normally, in actual circumstances , possession is after 3 or 4 yrs.
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    • #12

      #12

      Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

      Please check out tranche EMI option also - more details in NOIDA and Pune fora. It is the best option
      Venky (Please read watch a or before posting)

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      • #13

        #13

        Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

        Also if you want to sell the flat after6 months/1 year this option take all your profits as you have already paid much higher cost than the market

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        • #14

          #14

          Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

          1. Normally No EMI schemes hasve psqft prices a little higher .. e.g. 150-200 psqft more

          2. Also there aoption of Smart home loan, where Actuall EMI starts after 18 mnths normalyy, till then u need to pay preEMI(only interest on loan disbursed)


          So if planning to sell it off, option 2 is also ok, as not much is paid in per EMI in during initial mnths..


          For self use or long term keep, also option 2 ok, as it is construction linked so a little risk free if at all builder flees ... and otherwise too EMI burden start little later when you actually get a feel of progress of project ...

          And you can prepay even before your EMI starts.. this bring ur EMI down even before it starts ..

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          • #15

            #15

            Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

            Do you all believe that till no EMI till possession thing is still bad incase of plots and assuming that one doesn't have to pay extra for this option..........pls share your views guys cause i was considering buying a plot under such scheme.

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            • #16

              #16

              Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

              Originally posted by vineetkanwal View Post
              Do you all believe that till no EMI till possession thing is still bad incase of plots and assuming that one doesn't have to pay extra for this option..........pls share your views guys cause i was considering buying a plot under such scheme.
              could you share the details about this plot ?

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              • #17

                #17

                Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

                mathematical conclusion

                could someone give mathematical conclusion to this, or if someone has knowledge or have experienced this... it will be great for clarity if real time example of any project could be given comparing CLP and "no EMI till possession"

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                • #18

                  #18

                  Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

                  I think someone had posted one, in the pune Forum . Will have to look for it, will post it here, if i can find it .

                  Originally posted by richhaah View Post
                  could someone give mathematical conclusion to this, or if someone has knowledge or have experienced this... it will be great for clarity if real time example of any project could be given comparing CLP and "no EMI till possession"
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                  • #19

                    #19

                    Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

                    Called subvention schemes, these r good only for investors who wish appreciation on limited investment. For end user always prefer construction linked plans.

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                    • #20

                      #20

                      Re : Subvention, Possession Linked Plan, No EMI till Possession in Gurgaon!!! catch?

                      no its not bad if you are looking at project only as investment point of view.
                      advantage that you pay only a small amount ( 25-35 %) from your pocket in 1-1/2- 2yrs.
                      con the interest portion tends to be higher as the bank releases money in bigger tranches and earlier than CLP.

                      still the scheme is worth looking as the net outgo differential is not very huge in both cases

                      Originally posted by vineetkanwal View Post
                      Do you all believe that till no EMI till possession thing is still bad incase of plots and assuming that one doesn't have to pay extra for this option..........pls share your views guys cause i was considering buying a plot under such scheme.

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