Review about SMB infra pvt. real estate ltd in indore!

Q: I have bought a plot in premium pride by pragati developers indore,through SMB indra real estate pvt. ltd.
After paying 40 % amount,they are asking me to pay the remaining amount in cash as this includes....well as said "2 no ki kamai".
They hv promised that the receipt given to me will be of the full amount paid by me.
Is something wrong here?Please tell me asap.

Richa Sharma,

1st October 2014

Investment Advice in Sarthak Singapore Life Style Premium, Super Corridor, Indore

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Replies (3)

Hi all,
The main advantage to paying cash for a house is that you own title to it free and clear. Your only payment obligations after you've bought a house for cash involve things like property taxes, assessments and home maintenance. Your fully owned house can be used to pull cash from if you need to do so. Gifting your home to your children or to a trust also is easier when there's no mortgage on it.

Harmeet Kaur,

6th October 2014

Comment

HI,
Cash payment is not suitable for larger purchases, such as car, or house, etc. As it becomes impossible when stacks of notes are used to make purchases.

Secondly, Building up your credit score is important, especially if you think you'll want to buy a house someday in the future. You must have good credit in order to be approved for a mortgage.

Srikumar Nair,

6th October 2014

Comment

But my thinking is different because the ability to pay cash for a home, or accept cash as a seller, takes a great deal of stress out of the financial transaction, and accelerates the purchasing process. Paying cash might also help you negotiate a better price on the purchase, as the seller is assured a quick and painless transaction. So, better deal in cash & save a handsum interest amount.

Puneet Laskar,

6th October 2014

Hi,
My suggestion to you take the advice of a legal adviser regarding this. As it is a matter of your hard earned money.

Puneet Laskar,

6th October 2014

Comment