For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

You Can Now Buy Ready-To-Move-In Homes Using ‘Buy Now, Pay Later' Option

|

India's property market continues to struggle with inventory piling up amid slow demand and in its wake players in the domain are keen to get away with their bulging line-up and hence have rolled out 'buy now pay later scheme' even for ready-to-move-in homes. Using the scheme, buyers will be able to own a residential premise by making some down-payment and can begin paying the equated monthly installments towards their purchase after a year or two.

You Can Now Buy Ready-To-Move-In Homes Using ‘Buy Now, Pay Later' Option
 

Earlier the easy payment option of 'buy now pay later' was available only for under-construction projects but to spur buying of unsold inventory, the scheme has even been made applicable for completed projects.

Usually projects that cater to high-end homes are offering these schemes selectively in top Indian cities but the easy payment option is more commonly offered by developers in Mumbai as it happens to be the least affordable when it comes to home buying plus the city has seen the steepest increase in unsold inventory this year.

These schemes are also being promoted by realty developers who reiterate that occupancy certificate for the given housing project has been secured and no GST applies.

Interestingly, in the last few years, home buyers have given a preference to ready-made projects as it comes with no execution or delay risks.

GoodReturns.in

Read more about: real estate home buying gst emi
Story first published: Monday, July 15, 2019, 15:04 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more