This scheme is between three parties. The buyer, the banker, and the developer. Under this plan, the buyer pays 20% of the amount as a booking amount remaining 80% will be paid by the bank in the form of a loan to the developer for construction progress. During the process, the builder will have to bear the cost till the possession completes. This sounds somewhere a fair deal because you will get the possession soon. Because the builder will try to remove his liability as soon as he can so he won’t delay the construction period.
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What is 20:80 subvention scheme?
bharat
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5 Year
2021-03-09T12:50:53+00:00 2021-03-09T12:50:53+00:00Comment
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