- Jaypee has 15% discount on DP
- By Nov Jaypee would have collected 50% even in the CLP.

So which one is better for Jaypee Kosmos? CLP or DP ? Anyone with bit of calulations ?
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  • Go for Partial DP if you are taking home loan. Partial DP is flei payment plan. DP is 15% discount, PDP is 11%

    Within 1-2 Months of booking - 55% of BSP + car Park - Booking amount
    Upper Basement: 20% BSP + Other charges
    6th Floor - 20% BSP + Other Charges
    On Possesion 5% of BSP + Other Charges
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  • I understand PDP. But anybody has any calculations to compare all these plans DP/CLP/PDP.

    Jaypee has 15% discount on DP, which no other builder has.

    and if in CLP 50% is paid with in 6 months of booking.. whcih is better ?
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  • Although new in the forum, as much as i understand, Jaypee is providing this discount because of his predictable notoreity of delaying the projects.... I feel that DP shall be a poorer option in long term.... Take example of KOSMOS, if u get an appartment for say 50 Lakhs CLP, you get it for 50-15% i.e 42.5 lakhs. If you take 40 lakhs as home loan, and start repaying today, at end of Year 1, you alreadt have payed rs 4 lakhs as interest considering the rate of interest of 10%.... long term complicated calculations shall suggest that u spend almost same amount in the end and in CLP, u definitely have loads of security with safety....
    Thats my perception, correct me if i am wrong... CLP IS BETTER FOR JAYPEE WHO WILL DELAY THE PROJECTS
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  • You are absolutely right Arien....I will suggest to go always for CLP. DP is only beneficial if your consturction(structure) finished within 1.5 year and you get the timely delivery but if there is an delay of atleast 1 year DP doesn't has any benefits.

    For peoples having lot of black money this option is the best as those guys are more worried to settle down their black money rather than concerning on getting their project complete


    Originally Posted by arienfrenzy
    Although new in the forum, as much as i understand, Jaypee is providing this discount because of his predictable notoreity of delaying the projects.... I feel that DP shall be a poorer option in long term.... Take example of KOSMOS, if u get an appartment for say 50 Lakhs CLP, you get it for 50-15% i.e 42.5 lakhs. If you take 40 lakhs as home loan, and start repaying today, at end of Year 1, you alreadt have payed rs 4 lakhs as interest considering the rate of interest of 10%.... long term complicated calculations shall suggest that u spend almost same amount in the end and in CLP, u definitely have loads of security with safety....
    Thats my perception, correct me if i am wrong... CLP IS BETTER FOR JAYPEE WHO WILL DELAY THE PROJECTS
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  • If I buy 1310 sqft at 2975... with 15% discount on DP my total savings are:

    1310*2975*15/100 = 584587.5

    I have already saved 5.8 L in DP plan, why do you guys feel CLP (or Partial DP) is better ?
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  • because you will be paying around 33 lacs in one go and even assuming a return of 8 %(lowest return basically for fd). you will be loosing 2.65 lacs per year. now if you know project will be completed in 2 years. it is not much of a risk. but if project will be completed in 4-5 years(likely in jaypee's case), you will loose a lot of money in DP. there is a reason why jaypee is offering such high discount in DP.

    another factor to consider is inflation rate. same amount of money will cost less in future.(what i mean is value of 5 lacs will be less in future then it is now if you go for clp)
    Originally Posted by Gagan Singh
    If I buy 1310 sqft at 2975... with 15% discount on DP my total savings are:

    1310*2975*15/100 = 584587.5

    I have already saved 5.8 L in DP plan, why do you guys feel CLP (or Partial DP) is better ?
    CommentQuote
  • I am not paying 33 Lakhs in a go, its a Loan from Bank. Lets say I pay EMI for 3 years before getting possesion.

    I start Paying EMI in May 2010
    Assuming Possesion by May 2013 (Which seems a possibility)

    DP Plan
    EMI per month: 30,000
    EMi for 3 YEars:1080000

    CLP:
    Already paid 50% by Nov.
    So they would be paying atleast EMI of 14000/month now, which will keep on increasing as they pay more installments...

    So let us say they keep on paying 10% every 5 months for next 25 months (May 2013 Possesion date)

    5000 for first 6 months (May 10- Nov 10): 30000
    15000 for months (Nov 2010 - Mar 11): Total: 75000
    18000 for months (Mar 11 - Sep 11): Total: 90000
    21000 for months (Oct 11 - Feb 12): Total: 105000
    24000 for months (Mar 12 - Oct12): Total: 120000
    27000 for months (Nov 12 - May 13): Total: 135000

    Total EMI paid in CLP till possession. 5,55,000
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  • if I understand your calculations, you will be paying around 5 lacs extra in DP EMI and will be saving around 5 lacs becuase of discounts. so no net saving. but you have increased your risk a lot by paying all the money in one go(no one can be 100% sure that jaypee and for that matter any builder will deliver on time). if you are not having any net saving why will you increase your risk.
    Originally Posted by Gagan Singh
    I am not paying 33 Lakhs in a go, its a Loan from Bank. Lets say I pay EMI for 3 years before getting possesion.

    I start Paying EMI in May 2010
    Assuming Possesion by May 2013 (Which seems a possibility)

    DP Plan
    EMI per month: 30,000
    EMi for 3 YEars:1080000

    CLP:
    Already paid 50% by Nov.
    So they would be paying atleast EMI of 14000/month now, which will keep on increasing as they pay more installments...

    So let us say they keep on paying 10% every 5 months for next 25 months (May 2013 Possesion date)

    5000 for first 6 months (May 10- Nov 10): 30000
    15000 for months (Nov 2010 - Mar 11): Total: 75000
    18000 for months (Mar 11 - Sep 11): Total: 90000
    21000 for months (Oct 11 - Feb 12): Total: 105000
    24000 for months (Mar 12 - Oct12): Total: 120000
    27000 for months (Nov 12 - May 13): Total: 135000

    Total EMI paid in CLP till possession. 5,55,000
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