Buddhajyoti Choudhury
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Pre-EMI offer and Title deed of Land of Prajay Megapolis
Q: Hi, I would like to book a flat in Prajay Megapolis. Need the following clarifications. Did anyone purchased flat in Megapolis with Pre-EMI Scheme? If so, please let me know whether Prajay is paying EMI directly to Bank? What is the payment schedule for Pre-EMI offer? Is there any Tripartite agreement with Banker? Appreciate if the details are provided by a flat owner who purchased flat in Megapolis under pre-EMI scheme. I understand that the project is being constructed in the site with GPA title and the site is not registered in the name of Prajay. Will there be any chance of getting into Legal issues as Prajay is not the registered owner of the site? Thanks in advance.

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Hi Prasad,thank you for your input. I too am planning to buy a flat in Phase II of Prajay Megapolis. Do you think it would be better if i went with the discount of 3231 sqft rather than go with the Pre-Emi offer? Also, what about builder reputation? I mean i heard they planned on completing Phase I in 2013 December but it is still going on. Do you think i should focus elsewhere for buying an apartment?Hi Prasad,thank you for your input. I too am planning to buy a flat in Phase II of Prajay Megapolis. Do you think it would be better if i went with the discount of 3231 sqft rather than go with the Pre-Emi offer? Also, what about builder reputation? I mean i heard they planned on completing Phase I in 2013 December but it is still going on. Do you think i should focus elsewhere for buying an apartment?
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