Got this mail from a broker:

Dear Sir/Madam,

Greetings from *********

Chd Avenue 71, sec 71, Gurgaon has realeased last 50 flats in the subvention scheme with the attractive rate of Rs. 4750/- only.
Pay only 15% Right now and rest after 2 yr or possession whichever earlier.
80% Loan from HDFC, 5% at the time of possession time.

Sizes are 1743ft, 1762ft, 1802ft, 2193ft, 2350ft only

Extra Charges are..

PLC: Ground floor-125/-, 1st-100/-, 2nd-75/-, 3rd-50/-, Park facing-45/-, Corner-50/-, Avenue Facing-250/- per sq ft.
Car parking-1 covered, 2 lac

Earn 1500-2000/- per sq ft in next 2 yr by investing only 15% right now. NO EMI TILL POSSESSION

Please contact or mail for further clarification.
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  • Resale price is at 3500 and they are selling at 4750....

    So the preposition does not make sense...
  • At present the Resale Market Price is Rs 4200 in which you have to invest minimum Rs 40 lakhs which includes huge amount of premium. On the other hand in subvention scheme you have to pay only 15% of the property costs now which is not more than Rs 15 lakhs. I strongly feel subvention scheme is a better bet.
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