Subvention scheme is where the buyer pays 10-20% of the price of - TopicsExpress

Subvention scheme is where the buyer 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 tripartite agreement is signed between the developer, the buyer and the bank. When project is under construction, the developer pays the interest on the loan to the bank (Taken by the buyer). The bank disburses money to the developer as construction progresses. The buyers EMIs begin only after he gets possession. For Advantages,Risks and disadvantages of subvention scheme contact: Sumiit K Sahani +919811730206 [email protected]

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