Why Builder's 10:90 Payment Scheme or Subvention Scheme is risky for Under Construction flat-buyers

Sales teams of builders offer you 10:90 payment schemes or some other variants of Buy-Now-Pay-Later subvention schemes, sometimes in collaboration with banks and financial institutions. Such payment plans and offers are extremely dangerous to flat-buyers, not only because they cause loss of financial judgement, but also because they are vague and misleading. The real workings of these schemes have huge downside risks for flat-buyers.

ISSUED IN PUBLIC INTEREST BY
Krishnaraj Rao
9821588114 and 8169471229
Twitter @BravePedestrian
Mumbai

#underconstruction #realestate #paymentplan #propertyinvestment

[deepkadamba]

Very well explained sir. But please don't call yourself Urban Naxal. You are our saviour. Call yourself Krish.

[authorabhirupbhattacharya]

Very very good video. Buying a home is more of a social pressure. Being on rent for last 10 years in Mumbai gives me peaceful sleep without worrying about my job

[jit]

bade shehron ki badi problems... i live in village and we build our home on our own land... but i love to hear these videos very educational

[kaustubh]

I am believing ready possession price high or low doesn't matter. Minimum loan. Otherwise dont take. 10:90 or 20 80 not required. Krish sir well explained everytime 🙏

[nonika]

Thanks for saving us. Some dealers are active on youtube, claiming themselves influencer and astrologer. Promoting these kind of schemes

[Ashwin-nl]

Thank you so much Sir for exposing the Horrific insights of the Real estate industry. People will be more cautious henceforth. Information shared in your videos is truly priceless ❤👌👍👏👏

[amitamit-lrsh]

Krish sir, one Suggestion, if some serial producer can produce 30 minutes series of dharawahik on tv that could be telecasted on Sony tv, Zee tv etc. Every day ....these are the true stories that people face...instead of making useless saas bahu episodes, these topics should be shown on tv so that people, govt can do something to eradicate such cheating builder bhi 1000 baar nahin, 1 lac baar sochega ...kuch bhi faltu harkat dikhane se you sir as always

[akashvhotkar]

we new age home buyers don't know about this type of frauds thanks for sharing

[bibekghatak]

Mr Rao is a very good 😙 whistleblower !

[avinashkumar-ipyn]

I would rather suggest always buy ready to move flat. Don't fall in trap of investment while buying home.

[pranavkmishra]

Amazing explanation. Salute. Never stop exposing

[RakeshYadav-hmgd]

Very nice explanation for hidden threats 🙏🙏

[MarJava]

you are best sir apki advice se bohot fayada hua hai

[sabrishgopalakrishnan]

Thank you sir for sharing your valuable knowledge.

[Casanova-vime]

You're doing social work sir awesome

[nagratna]

This types of video needs to be trending but those who don't want these videos to trend can very much influence yt I feel..

[amitamit-lrsh]

Kris sir, YouTube channel knocking news mein aapki tarah youtuber news editor hain, Mr. Girjesh vashisht....aap ki thinking aur unki thinking, views sab kaafi match karte hain....aap unke saath milker kuch videos karwao, aap dono ke videos ka laksh ek hi hai, aur woh hai galat practices karne walon ko expose karna....

[naveenchauhan]

I think, buying a ready flat in one go will be better.

[sachwaru]

But NHB has banned subvention in 2019 by tripartite agreement. Nowadays builders go for 10:90 not by a tripartite agreement but very clearly mentioned in the agreement. I have bought recently under 30:70 from Lodha but they have clearly mentioned balance payment on OC receipt in agreement.

[kunalsen]

Also, the 90% demanded is on "Application for OC" not OC itself, so if OC doesn't come in because of some discepancies commited by the builder, your money's stuck and probably gone forever.