Rera
Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Uttar Pradesh
With RERA since 70% of the home loan receivables have to be deposited, the 20:80 scheme may become unviable
Dated on: Saturday 27th May 2017Under the 20: 80 scheme, the promoters used to take up the obligation to pay interest in relation to the entire disbursement under the home loan up to the home possession date or any other specified date. Also, the home loan lenders used to make the entire disbursement of the loan on day one by paying the money to the builders. The builders further utilised the same to reduce the existing debt in the project. Now, since the builder is obligated to deposit the 70% of such receivables, the entire calculation has to be revisited, hence this may not be a lucrative proposition for promoters in all projects.
More News
Copyright © 2023 RERA Filing. All rights reserved.