Home loans: Hidden discount
Builders are offering to pay for pre-EMIs. But is this worthwhile for you?
Experts believe that real-estate prices have escalated so sharply within such a short period that pressure for a correction is increasing. There is a counter view that builders will not lower prices as input costs have increased significantly. However, sales have dwindled in expensive areas like south Mumbai. Secondly, some builders are quietly waiving the payment of what is called ‘pre-EMIs’ (equated monthly instalments) as part of their promotional efforts which is one way of saying that prices are coming down. The builder will agree ...
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