Are there any rent to own home schemes in pune?

Q: I want to buy a house of my own but do not
have the finances. I have heard of rent to own schemes. Need guidance about such homes in pune and how does it work.

Munira Sodawala,

8th June 2017

Buying property in Pune

rent-to-own

rent-to-one scheme

what is rent-to-own scheme?

advantages of rent-to-own scheme

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Replies (2)

Some of the major advantages of Rent-to-Own property are also the ultimate option for buyers or tenants who are unable to qualify for home loans due to poor credit scores. They can utilise the period of their rent-stay to arrange for finances or rectify the credit scores.

For buyers who love to wait before finalising on a property, this option proves to be an ideal choice.

Gauri Shinde, Pune

21st June 2017

Comment

I am agree with Gauri,
But to make rent-to-own work, potential buyers need to be confident that they will be ready to make the purchase when the lease term expires. Otherwise, they will have paid the option money which could be substantial and a premium on rent for 12 to 36 months, with nothing to show at the end.

Rajiv Bajaj, Pune

21st June 2017

Hi Munira,
Under the governments Rent-to-Own scheme, which will be part of the National Urban Rental Housing Policy, property ownership will be benefited upon tenants if they rent from government bodies housing units for a specific period and are able to pay the entire value of the property in easy instalments.

Rajiv Bajaj, Pune

21st June 2017

Comment

Yes, this scheme is for migrants who come for work and rent apartment in working city. This move will likely to help those working migrants afford housing who neither want to take loan not save upfront money to invest in property.

Ramdas Palsule, Pune

21st June 2017