Structured Schemes Hit the Mumbai Property Market

Home Buyers in Mumbai, Thane and Navi Mumbai have never had better days, the market is ripe with Structured Schemes. Every few days you see large advertisements and hoardings with 10-20-10, 25-75, 20-80, 10-90-10 and even 5-90-5 schemes.

These schemes are to lure the fencer sitter buyer to get him out with a minimum down payment from his own side which typically means no hit to the Buyers Liquidity and much safer transactions because the Banks are involved in the transactions.

We have been reiterating this again and again, that one must take even the smallest exposure of a Bank Loan, as the Bank does the due diligence for the property and since the payment to the Banks are construction linked, the accountability quotient is far higher.

These schemes are actually a boon for the Buyer because he does not have to shell out a lot of cash from his own pocket and hence the ROI is far higher. Also, for home buyers who are presently on lease, get a lot of respite as they are able to continue staying in the rented flat in case the scheme provisions for interest bearing by the developer.

One has to understand all these schemes thoroughly and read the fine print and then take a call. A lot of time it is also seen, that the Developer has offered the Structured Scheme but he has raised the prices and then you should ask for both the Structured Scheme and Construction Linked Plan (CLP) to ascertain the difference in the pricing and the scheme benefits.

For any further understanding on these Structured Schemes, please call me on 9820030685 – ssadh@mumbaipropertyexchange.com