Realty cos now offer EMI incentives

New Delhi, May 11

Smarting under a correcting realty market and sluggish buying sentiments, real-estate players are scrambling to raise end-user demand through offers that promise to ease EMI burden until possession.

So, while realty companies including Parsvnath Developers are publicising ‘No EMI until possession’, others such as BPTP and Gaursons are offering two-year EMI holiday on specific projects.

“For those who are currently living on rent, the scheme makes sense as the EMI burden kicks-off only after possession,” says Mr Amit Raj Jain, Vice-President (Marketing) of BPTP. BPTP’s group housing project, ‘Resort’, in Faridabad offers a two-year ‘Pre-EMI interest’ to the bank on behalf of buyers.

contd on page 2...