Builders Come Up with Distinctive Options to Keep Purchasers Debt Cost-free Provide EMI Facilities to Enable them to Keep away from Taking Residence Loans

Mumbai, India, October 25th, 2015 — Although getting home loans has grow to be simpler, the loan amount -along with the EMI (Equated Monthly Installment) thereon – is really high due to higher apartment rates producing residence getting a challenging activity for most folks. Add to this, the already depressed business conditions where job security is uncertain. In such a scenario builders are supplying various payment alternatives for under-construction and ready possession flats.

A builder in Delhi (name withheld on request) has announced a ‘no pre-EMI’ clause till possession of the house. Consumers are asked to spend 10 per cent as the booking amount, followed by 80 per cent of the quantity inside 45 days from bank funding. The remaining 10 per cent can be paid on possession. In impact, all the EMIs on the housing loan taken by the purchaser are paid for by the builder and the buyer begins paying EMIs only right after possession.

Earlier this year, for its upcoming commercial project, yet another major builder from Chennai had offered an selection whereby customers paid 40 per cent in three months and take possession, even though the balance was to be paid in 15 months. This move pushed sales of commercial premises substantially. However an additional case of a builder coming up with an revolutionary answer for offloading excessive inventory is that of Royal Palms India which is promoting apartments in a 240 acre complex at Goregaon East.

“Palms Residences” are being supplied to purchasers on a Ready POSSESSION basis in such a manner that the purchasers never have to take a property loan for the home. Purchasers can quickly move in by paying a modest percentage of the total expense and the balance can be paid over a period of time just the way it is in housing loan installments. So alternatively of paying EMIs on Home loans the buyer pays the EMI to the builder…. without the interest burden.

Palms Residences project comprises of over 400 flats of 1BHK, 2BHK and 3BHK sizes. These are Ready possession, completely furnished, with occupation certificate, clear title, up market place A Grade construction and to book these one particular just has to spend 30% down payment and the balance in 36 interest totally free month-to-month installments. The company – which is a pioneer in inexpensive housing – has kept costs at practically 40% below the average market price tag in Goregaon East. Positioned within ten minutes of drive from Powai, Western Express highway and Marol ‘PALMS RESIDENCES’ hence gives apartment with contemporary conveniences of simple loans specifically to the families functioning on the EMI formula.

Says Dilawar Nensey, Jt Managing Director, Royal Palms Estates P Ltd, “Given that the realty market place is down we thought of operating out a way for individuals to be capable to acquire their permanent dream residence as also offload our inventory. We are a zero debt company and would choose to pass on price rewards to our customers rather than pay heavy interest burden on term loans. Royal Palms philosophy remains focus on item high quality at competitive costs.”

The business has priced apartments at PALMS RESIDENCES quite reasonably at Rs 75 Lacs for a 1 BHK, Rs 1.13 Cr for a two BHK and at Rs 1.50 Cr for a three BHK. To give an example, on obtain of a 2BHk flat, the buyer would pay Rs 33.90 lacs upfront and take immediate possession of the home and spend the balance amount by way of monthly installments of Rs two.19 lacs. The approx savings in interest outgo -when compared to buying the same home by means of a residence loan – comes to a whopping Rs 1.04 crore.

For most Mumbaikars purchasing a property is a after-in-a-lifetime task but due to lack of price range or the higher rates of properties coupled with heavy EMIs it becomes a nightmare at occasions. The offer of Palms Residences is rare solution and opportunity, which would benefit each the parties and present a Win-Win scenario for all of them. Above all, the buyer is protected from falling into a debt trap of paying the principal house loan and interest for years and years. For further specifics, call on 91 22 28794000/66457000/28795000 or log onto http://www.royalpalmsindia.com.

From: Mitesh M Kapadia, Sentinel PR, Mumbai INDIA. [email protected] +91 222 8625131.

Press &amp Media Contact:
Mitesh M Kapadia
Sentinel Public Relations Pvt Ltd / Sentinel Marketing Services
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Kandivli (W), Mumbai 400 067 India
Mob: +91 98205 03876
Tel: (022) 28625131/32
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SABUNG AYAM
Gary and Tracy Richardson’s Wedding Flash Mob 15/06/2013

Our best day of really like, laughter, music and reflection……

While organizing our wedding we knew we wanted anything a bit distinct. Upholding tradition but with a contemporary twist. So when our incredibly accommodating and inspiring Vicar, Reverend Kate Bottley of St Mary and St Martin’s, Blyth, recommended a ‘flash mob’, we have been sold!

Armed with our choreographer – Dawn Cherry and Musical Director – Nigel Solway (each of whom are part of ‘Blucrew’, a fundraising group for Bluebell Wood Children’s Hospice, Nr Sheffield) and along with 28 of our household and buddies, we set about rehearsals to create one thing distinctive and that would bring our service to life.

So for those of you who took component, thank you for your time and commitment, you produced our want come correct and have created a lasting memory. For these of you who have been there, thank you once again for getting with us and joining in and to everybody else, keep in mind – you will always accomplish your dreams with the really like and help of those around you, a amazing vicar, church and congregation and a bit of faith!

SABUNG AYAM