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Should down payment over construction linked plan be considered? – Property Hotline
Posted
May 13, 2016
Views
339
Likes
1
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May 13, 2016
339
1
0.29%
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4:49Now PlayingSubhash from New Delhi had booked a flat for Rs. 45 lakh in the pre-launch stage. The builder is offering 8% discount on sales consideration if his son opts for upfront payment. Should he opt for a down payment plan over a construction linked plan? Additionally, the builder is also offering 15% interest in case of delay in possession. How should they proceed?
Expert Nitin answered those five important factors to look before buying a home, which includes source of funds for down payment, post down payment situation, loan payment and surplus, time taken for the possession and builder history of project completion. The reduction in cost is approx Rs 3.6 lakh. Tune into the video to know more:
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