Announcement

Collapse
No announcement yet.

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

Collapse
This topic is closed.
X
X
Collapse

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

Last updated: February 2 2014
35 | Posts
  • Time
  • Show
Clear All
new posts
  • #31

    #31

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

    Thanks for the correction, amit . I was also wondering on the DP point & was about to ask on this .
    Download our Android App! | Please Read IREF Rules | FAQ's

    Comment

    • #32

      #32

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

      Not sure

      Originally posted by pankajmehta View Post
      This calculation is ok but has not considered the discounts consumers can get on all the payments at once. Seems like ADF is a good option as compared to Pre EMI, but one need to have some cash ..

      Comment

      • #33

        #33

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

        Not good

        Originally posted by richhaah View Post
        This calculation is ok but has not considered the discounts consumers can get on all the payments at once. Seems like ADF is a good option as compared to Pre EMI, but one need to have some cash ..
        I did not like the analysis from ADROIT as they are missing on many parts. as one can earn some amount in those two years and will take loan of lesser amount.
        discounts are also not considered.

        Comment

        • #34

          #34

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

          I hav a Q'n: suppose my flat cost is 30L and bank finance (24L) (80%)...and I don't pay EMI till 2 yrs...if interest rate is (10%) tenure 20yrs then total amt in 2 yrs would be Rs 555864 (EMI paid by Builder to Bank). And if builder takes Rs 200 more than CLP in this case, then for 1000 sqft amount would be only 2L and we can save directly Rs 355864 (No EMI till 2 yrs) and if we could save this amt then we can give downpayment at the time of possesion (i.e. remaning loan amt = 24L - Rs 355864 - principal deduct in 2yrs) and finally our EMI will be less after possesion (even bank takes slightly higher interest rate) and relief from immediate burden and full tax rebate after possession.

          Comment

          • #35

            #35

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

            No pre-emi

            Hi,

            builder is offering same rate per sft for normal loan and no pre-emi till possession loan.
            Can anyone help which is the better one in this case?


            -Sudheendra

            Comment

            • #36

              #36

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

              Originally posted by sudhee View Post
              Hi,

              builder is offering same rate per sft for normal loan and no pre-emi till possession loan.
              Can anyone help which is the better one in this case?


              -Sudheendra
              Which project or builder that would be

              Sent from my Nexus 5 using Tapatalk

              ---------------
              Follow on: http://www.indianrealestateforum.com...252-page4.html
              Last edited by BlessU; December 18 2014, 09:54 AM.

              Comment

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