Tag Archive: Home Loan

How delayed delivery costs customers buying homes on loans

2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may be the best time to haggle hard and book a property. “Right now, buyers can get up to 20% additional values in the form of freebies and discounts,” says Muddasir Zaidi, national director, residential, Knight Frank India. But a new trend in the real estate sector may sour your sweet deal. Post the incident of Unitech’s top management being taken to court for multiple delays in delivery , developers are becoming more realistic about project completion deadlines.Rather than the standard three-year deadline, fouror five year-completion targets are becoming…
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