Deferred Payment concept new trend in Bangalore

By Accommodation Times News Service

Bangalore realty developer is introducing a new entry if the concept of deferred payment to the city, which buyers find attractive. The buyer books the apartment by paying a nominal amount of about Rs 2 to 5 lakh and commences paying the EMI only after he gets possession the house. The interest accumulated in the intervening period is absorbed by the developers. Though currently this offer is available only at the pre-launch of projects it is expected to be extended to post launches in a short while.  Although the Bangalore head-quartered developer are yet to adopt this concept in a big way several players have incorporated a modified version of it.

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