Hurry!!! The Aranya, Sector-119, Noida: Now Available At Subvention Scheme

The Aranya, Sector-119, Noida is now available at subvention scheme. This scheme is really beneficial for investors and certainly will give much better return on your investment. The Aranya Noida by Unnati Fortune Group comprises luxurious 2/ 3/ 4 BHK apartments at Sector 119, Noida. These resident makes you feel like living in everlasting pleasure where each apartment comes with grandeur architecture, cross-ventilated rooms ensuring opulence of space, spacious bedrooms, well-designed entrance lobby, furnished bathrooms with modular fittings and wide balconies attached with each room. The Aranya has close proximity with various business hubs, corporate offices, shopping centers and world-class schools.

The interest subvention scheme is a new form of bank financing for home loans. According to this scheme, after an individual applies for a loan for a property under construction, for the first 2 years of the loan period, the concerned person need not pay any EMIs, i.e., all the interest for these first two years will be paid by the builder/ developer. So, basically you own a property without having to pay any interest for 24 months! Currently, banks have agreed to this form of financing only for Class A builders.

Financially how does "The Aranya" Subvention Scheme benefit you, as an investor?

Let us take an example to substantiate the math behind the returns.

Let us assume X buys a property of 1000 sq ft for the rate of Rs. 2000 / sq ft. X decides to take a home loan for this and hence, makes an initial down payment of Rs. 4,00,000 and the bank finances Rs. 16,00,000. After various calculations X realizes that he has to pay Rs. 17000 EMI every month.
In 2 years time, the property value has shot up to Rs. 3000/ sq ft.

So, here are the facts lined up:
1. Value of property at the time of buying = Rs. 20,00,000 (20 lakhs)
2. Value of property after 2 years = Rs. 30,00,000 (30 lakhs)
3. Down payment by investor = Rs. 4,00,000 (4 lakhs)
4. Bank Home Loan = Rs. 16,00,000 (16 lakhs)

According to the normal bank financing scheme,

In a period of 2 years, X pays an EMI of Rs. 17000*12*2 = 4,08,000.
Hence, X pays an amount of Rs. 8,08,000 in the first 2 years. (Down payment + EMI)

With the price of property having increased, X has seen a gain of 24% in 2 years.

According to the subvention scheme,

X just pays Rs. 4,00,000 in the first 2 years. (Only down payment, no EMI for the first 2 years).

Hence, with increase of the property price in 2 years, X has seen a gain of 150%.

So, obviously with the bank subvention scheme, investors benefit way more!

Book your resident at “The Aranya” on subvention scheme with Global Creations-A Chadha Group Enterprise to get benefitted. Follow us on Google+ & Twitter and like us on Facebook to know more of property deals. Global Creation can help you in blocking your space at “The Aranya” that too on subvention scheme.