Deferred payment in Bangalore

Q: What is the concept of deferred payment? Is this going to help the home buyers?

Navneet Gupta, Bangalore

27th February 2013

Other in Bangalore

home loan

properties in bangalore

deferred payment

bangalore apartments

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Bangalore based developers have not yet adopted the concept in full swing, many developers have incorporated a modified version of it. According to Avinash Rao, Regional Director- South, Knight Frank Pvt. Ltd, several reputed developers have announced the concept of deferred payment in Bangalore but not all of them absorb the interest completely. Though the buyers does not get much benefit but still it is a deferred payment which many prefer to opt for.

Varun,

1st March 2013

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People who are financially weak can take the advantage of this offer. The advantage with the deferred payment is that, you can move into the apartment or let it out on rent.

Manohar,

1st March 2013

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Pashmina developers, one of the latest players have announce this offer. This kind of offers address the needs of this segment, which not only have a great potential but also has the need for growth. Currently, this offer is available only for pre-launch projects, In a short while, may be this offer will be extended to post launches. The idea is to lure buyers who are young and has just started their carriers.

Suresh,

1st March 2013

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The property buyers book apartments by paying a minimal amount of about Rs 2 to 5 lakhs and start paying the EMI only after they get the possession of their houses. The interest gathered in that period is absorbed by the developers.

Rajkumar, Bangalore

28th February 2013

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Bangalore real estate sector is recording healthy growth and competition among the developers are rising. Real estate developers, mainly from Mumbai are bringing in the concept of deferred payment to the city to attract home buyers.

Monica, Bangalore

28th February 2013

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