Projects in Bangalore

All About Property Purchase Plans

Developers are offering a variety of payment schemes to attract buyers during the current period when home sales have been slack. It is imperative that based on their individual income bands and liquidity positions (both present and future) they understand what each payment plan entails. The attraction of delayed payments, no EMIs, etc. has to be viewed in conjunction with the restrictions such as inability to sell the property within a shorter investment period, or before construction is completed.

Subvention schemes have been prevalent for quite some time in the residential sector and some concerns were raised by the RBI for this practice in the early days. However, a middle ground seems to have been found as such schemes have become the norm and are being used by developers to market their product more effectively. Also, in times of focus on the trust deficit between the buyers and developers, such plans reduce the financial burden on the buyer and provide a sense that a developer is fairly confident of delivering his project within stipulated timelines keeping his financial commitments in mind.

Such options are likely to be beneficial for end-users, but there is a need to understand the actual fund outflow under such plans compared to the conventional home purchase plans.
Asked Sep 24, 2016
Edited Sep 24, 2016
Bangalore Metro, also known as Namma Metro, started operation on 20th October 2011. At present it is the second longest functioning metro network in India after Delhi Metro. Namma Metro currently covers a total length of 42.3 kilometres and serves 41 stations. The rapid transit system serves to ferry across an average of 315,000 passengers daily.
Bangalore Metro Phase 2 to be Completed by 2022
The phase 2 of Namma Metro will see the network expand by a distance of 72.095 km. As per the state government, this part of the project will get completed by 2022. After the Bangalore Metro Rail Corporation Limited (BMRCL) took so many years to complete and begin operation of phase I, the state government has set five years’ deadline for this project. Check once more...
Answered Oct 27, 2020

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