Property returns schemes genuine

Q: Are assured property returns schemes genuine? Kindly discuss on this news and let me know the details.

Komathi, Chennai

25th April 2014

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Replies (5)

What benefit do buyer and investor get by availing Buy-back scheme?

Pavan kumar, Chennai

6th November 2015

Comment

Buy back schemes are a good option for end users as well as for investors, as they remain assured of the return on investment after the lock-in period. Besides, if investors find that the prevailing market price at the time of exit is much higher than that promised by the developer, they can also sell the property in the open market.

Ravi Kumar, Chennai

6th November 2015

Thanks, Ravi, For sharing wonderful information. I would be happy If you guide me, Is there is any risk involved in this scheme?

Pavan kumar, Chennai

6th November 2015

As the real estate sector is currently without a regulator, buyers must check the genuineness of such offers before investing.The reliability of buy-back schemes remains the key concern. Lack of regulation often allows unscrupulous players to enter the market with piles of unrealistic promises, which sometimes remain only on paper.

Ravi Kumar, Chennai

6th November 2015

Hi all, Recently I have heard about buy back scheme in the residential project? Please let me know more about this scheme ....

Pavan kumar, Chennai

6th November 2015

Comment

Buy-back schemes are a relatively new marketing initiative by realty developers. Providing buyers a unique option to return a property back to the developer after a certain period of time, these can also help developers raise funds at cheaper costs.

subramanya, Chennai

6th November 2015

In Buy Back option developers give the option to buy back a property after a fixed period of time. The buyer can therefore make a safe investment devoid of risk. Also, the buyer can choose to retain the property and take possession at the end of this time period.

Ravi Kumar, Chennai

6th November 2015

According to real estate expert In buy-back scheme, a developer offers to buy back the sold out flat after a lock-in period at an appreciated price. At the end of the lock-in period, the homeowner can choose to retain the property, or sell it back to the developer at the pre-determined rate

Javed, Chennai

6th November 2015

Yes guys even I would suggest that you should first calculate how much you can get returns then only do investments.

Vivek Kulkarni,

25th April 2014

Comment

I think you should have huge stash of money with you and can afford to look for legal help, stay away from such offers of assured return projects. Even if you still wish to put your money in such other schemes, do calculate the net profit that you will get after all the expenses and taxes on the assured returns or look for a residential project offering assured return with buy-back guarantee. :)

Balwinder Singh,

25th April 2014

Comment

Hey guys first of all you would find that the developer is offering you 12 per cent assured returns at Rs 6,250 per sq ft for 2 years, while in the same project a non-assured return unit is available for Rs 5,000 per sq ft. So, the developer has taken an upfront Rs 1,250 per sq ft extra for the same property. Ideally, this extra money which is paid by you is given back to you over the next two years. So I think before you do investment you should check everything properly.

Himani,

25th April 2014

Comment