Q:
Has anyone booked a 2 or 3 BHK apartment in Ozone? I visited last week and the quotation is 2990/Sqft, with a premi payment option by the builder to the bank till possession-
For a 2 BHK - I need to pay the builder approx 7 lacs today. Till the possession which is Dec 2014 as of now, the builder will be paying the interest to the bank. Me paying nothing. The banker explained me that I would save approx 6 lacs of rupees for 2 years by not paying EMI. And I can invest it somewhere else and get returns. Looks lucrative.
Do you all see anything fishy over here?
Also I have been 2 times to the site. I do not find any labours or any work going on. Did anyone else see any development?
Did anyone book a flat at ozone recently? AT what price?
I have, the experience with the builder and the Bank has been somewhat difficult because we are overseas. It is best for you to see the site first, ask the customers (if any on site) and also write down all the questions you can think of and sit with the builder and talk to them. Given a choice, I would have gone for a completed project instead of planned project. because there are some many unknowns.
Hi Christopher
I'm looking at a similar investment with Ozone with buyback option and emi covered till possession. Was wondering if three years from the date of your post you can share any more of the experience you had.
regards
Anjum
Q:
Hi all, just came across a buyback scheme for 3 bhk in aqua 2 in ozone urbana project, where they are offering 42 lacs on investment of 17 lacs in 2 years. I want to know about the credebility of the builder. Whether it is good to go in such buyvback scheme. He is quoting the price relatively high as 4800 psf. Please provide suggestion at earliest.
Hi Gaurav, Please let me know whether you invested or not..? I Have come across a similiar scheme wherein they are promising to give double the money in 2 years..
Thanks and Regards,
Sachin Bansal
Hi Sachin and Gaurang
I'm also keen to know about the scheme. Sounds too good to be true. Have you actually had any experience that you can knidly share - the buy back scheme with Ozone
27th July 2016
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