Tata Realty and Infrastructure announces new home loan scheme
On Monday Tata Housing announced a scheme for homebuyers. In this scheme, homebuyers need to pay a flat 3.99 percent interest rate on home loans. Under this scheme, the company will bear the rest as part of its effort to attract prospective customers for one year. The particular scheme will be valid for 10 projects till 20th November.
this scheme offers the facility to pay only a 3.99 percent flat interest rate for 1 year, with the rest being borne by Tata Housing, the company said in a statement.
Besides that, the homebuyers will also get a gift voucher ranging from Rs 25,000 to Rs 8 lakh depending on the property, post the booking. The voucher will be issued post payment of 10 percent and registration of property.
Sanjay Dutt, managing director, and chief executive officer, Tata Realty & Infrastructure said: “While the real estate sector was one of the worst-hit in the first few months of the pandemic, it has started to show some early signs of recovery. “ He further added that the government and the RBI have taken many measures for the real estate industry during this Covid pandemic. “It is the turn of the private sector to assist the homebuyers in owning their safe havens,” he said.
Since housing sales have been traditionally higher during the festive season, real estate developers have offered discounts as well as attractive payment plans to lure prospective home buyers.
Mumbai-based Kalpataru Ltd has launched a subvention scheme. In this scheme the customer pays 10% now and nothing for the next 2 years. Besides that, they are also offering zero stamp duty burden for customers on select projects.
On Monday Wadhwa group has also said that customers can buy ready-to-move-in units in its select projects by paying only 10 percent now and the installments of balance payment will start one year later.
Anarock Chairman Anuj Puri is advised to take the advantage of festive offers, especially when they result in savings on the overall cost of acquisition.
He said “Buying a home in one of life’s most cost-intensive financial undertakings and any real relief on this front is a value-add. The two important provisos on a scheme or offer are that the property in question should itself have a sufficient desirability quotient and that the developer is reputed and known to deliver value.
Housing.com has also launched an online festival from October 7 to November 14. In this festival builders from 10 major cities are participating and giving discounts and freebies.
