Bank Loans and Financial Schemes to boost the Mumbai Property Market in 2017

 

Bank Loans and Financial Schemes to boost the Mumbai Property Market in 2017 

Home Buyers in Mumbai property market are in for a good cheer. With Bank Interest rates coming down, the EMI on the loan will also proportionately come down.

Under the Bank Subvention scheme the Builders typically will get a better rate of Interest to launch a financial scheme as they will have to pay far lesser interest rate if they offer a Interest Subvention scheme to the Home Buyer.

In a subvention scheme, the home buyer takes the Bank loan and interest is serviced till possession or till the time committed by the Developer. This proposition or financial structuring/scheme makes it very easy for the Home Buyer as he pays the Down Payment of any where from 5% to 20% and at the time of possession he/she starts either paying his/her EMI or fore closes the Bank Loan.

Currently, in Mumbai, these Schemes are offered in a lot of projects.

A few projects which have seen growth in Sales due to the Subvention Scheme in Mumbai are :

1. Acme Ozone, Thane

2. Acme Boulevard, Andheri East

3. Mirabilis, Santacruz East

4. Naman Habitat, Andheri West

5. Runwal Bliss, Kanjurmarg

6. X BKC, Bandra East

7. Rustomjee Aurelia, Thane

8. Kanakia Paris, Santacruz East

For more information on these, please call - Sandeep Sadh - ssadh@mumbaipropertyexchange.com - +91 9820030685

Tags - Home Loans Mumbai, Structured Financial Schemes, 20:80 Bank Loan, Acme Group, Acme Boulevard, Acme Ozone, Miarbillis - Ozone Group, Naman Group - Naman Habitat, Buy Home In Mumbai, Mumbai Property Rates, Mumbai Property Prices, Radius Developers, Rustomjee Aurelia, X BKC.