Don't Fall for These 4 Real Estate Traps

Don't Fall for These 4 Real Estate Traps

By SiliconIndia   |   Thursday, March 21, 2013   |    4 Comments
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Bangalore: Nowadays to sell projects, developers are coming up with innovative marketing strategy to entice home buyers. Sometimes for a home buyer, buying a house costs them their entire savings for life. So, it is important to be careful when planning to buy a house as developers set many traps in the market to attract buyers.

1) Pre-EMI sharing schemes

The meaning of pre-EMI sharing schemes is when taking a home loan, it get disbursed depending on the construction stages. This means home buyers do not have to pay EMIs on home loan till the construction is getting over as well as getting the possession in hand. But, home buyers have to pay the loan interest from the first disbursement. Adding to it, several developers choose pre-EMI sharing scheme where they pay this amount for a period of normally 24 months, reports Amit Shanbaug of Economic Times.

Also Read: 11 Most Expensive Cities to Buy a Home

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Reader's comments(4)
1: Good Tips.
Posted by:Prakash Ku Rath - 27 Mar, 2013
2: Since points had thrown some light on the other side of the coin - helpful and realistic and pl. do add some more tips
Posted by:Rao - 22 Mar, 2013
3: Thanks for the information. Please keep updating like this.
Posted by:Srinivas - 22 Mar, 2013
4: points discussed here are good
Posted by:dvg - 21 Mar, 2013

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