Home seekers and investors are taken for a bombshell when they are invited to pay under interest subvention scheme. According to this plan, property buyers how have made a payment of initial amount have this right of not paying the EMI for the stretch of time when the property is under construction till its possession or any other time frame fixed by banks. It comes in various forms like 20:80 and 15:80:5 etc. under these scheme buyers only has to pay a fixed small amount of money as the total cost at first and rest is paid at the time of possession.
Market analysts say that the scheme is suitable for mid segment projects. As the input cost seems to be increasing and the tie up with banks putting the pressure on completion on time, the scheme is taken up for the mid-priced segment. Many real estate developers in our country have been trying to attract home buyers with the scheme. Developers like BPTP, Experion, Ireo, DLF and Satya builder are offering the Scheme in Delhi & NCR.