Real Estate Forum on Subvention Payment Plan

Latest Answer: Yes, you are right Abhishek. Builder is trying to cheat him. A subvention scheme in which the homebuyer pays 10-20% of the price of the apartment at the time of purchase. The balance is paid by a bank to the developer as a loan under a three-way agreement between the developer, the buyer and the bank. While the project is under construction, the developer pays the interest on the loan to the bank. The bank disburses money to the developer as construction progresses. The buyer's EMIs begin only after he gets possession. So, i will only suggest you that plz. don't pay any interest to bank or the builder.

Latest Answer: Yes there are some projects which offers subvention schemes. These are Sheth Creators Vasant Oasis in Andheri (E)10:80:10 Payment Plan, Veena Developers Crest, Andheri (W), 25:75 Payment Plan, Avenue, Oasis & Boulevard, Andheri & Kandivali - Monthly rent of Rs 25,000 - 40,000 till possession etc.

Latest Answer: Hi Pavan, As per my knowledge, SARE Group has launched this scheme in Chennai . This scheme is like :- At the time of booking- 5lac, With in 90 days- 20% of total sale price less booking amount, On offer of possession- EMI Commences.

Latest Answer: Hi Mr Ranjeet, Subvention payment plan :- At the time of booking- 2 lac, With in 45 Days- 20% of SC (from Customer), 1St disbursement 30% of SC (from Bank), 2nd disbursement- 20% of SC(from bank), 3 rd disbursement 25% of SC (from bank), At the time of possession- 5% of SC+Additional charges, Here SC :- BSP+ DC+ Car Parking+ PLC.

Latest Answer: Hi Preeti, As per my knowledge, recently, a number of developers have come up with subvention schemes, where property buyers need to pay a small amount of the property at the time of booking and the rest can be paid at the time of possession. This schemes are new a new form of bank financing for home loans.