~ The Scheme starts from November 2017 to January 2018 ~
Pune, 15th November, 2017: Duville Estates has announced its ‘No EMI scheme’ in association with HDFC Ltd. starting November, 2017 through January, 2018. This scheme will be valid for a limited period of 3 months to customers looking to book either a 1 BHK or 2 BHK flat in Duville Estates’ project Riverdale, located in Kharadi, Pune. This scheme allows clients a hassle free buying process with just 5% of the value and stamp duty and registration fee being paid at the time of booking and then the convenience of commencing their payment of EMI’s on the loan only after possession has been granted by Duville Estates. Further through this scheme the customer ends up with a massive saving against their new home, approximately Rs.3.71 lakhs on a 1bhk apartment and approximately Rs.5.86 lakhs on a 2bhk apartment, with the loan pre-EMIs being repaid by Duville to the Bank directly, during the tenure of the construction.
Under the No EMI scheme the payment plan is 5:75:10:10. Customers availing this scheme need to pay only 5% + stamp duty + registration fees at the time of booking. The bank then releases 75% of the loan amount in tranches, as per stages of construction completed. Once the bank disbursement of 75% is complete, the customer will pay a secondary instalment of 10% to the developer post which HDFC will release the final 10% of the loan amount to the developer. This scheme requires customers to commence repayment of the loan amount, through EMI’s, only after receiving possession of their apartment, thus giving customers a massive upfront saving as well as the assurance of on time delivery of their new home. Under this scheme customers also receive an additional benefit as they are exempt from paying any processing fees for the loan, which amounts to further saving.
HDFC Ltd. will monitor the progress of work prior to disbursing the loan amounts, ensuring the customer’s financial security and the deliverability of the project. This will free customers from any additional financial burden during the construction phase and make the process of owning a new luxurious home stress-free and risk-free.
“Keeping in mind the desire for an aspirational and luxurious lifestyle without the financial burden of high EMI’s before possession, we have custom designed this scheme in partnership with HDFC Limited to fit our customer’s requirements. Riverdale is the perfect amalgamation of luxury & affordability and a scheme like this is a great opportunity for those planning their dream home. We are confident of our deliverables and timelines and with HDFC Limited sharing this confidence, we have been able to formulate this extremely attractive scheme” says Mr. Tushad Dubash, Director, Duville Estates.
About Duville Estates
Duville Estates is a privately held company owned by Mr. Behram B. Dubash. With a rich legacy of over 200 years, the Dubash family is known for high standards of ethics and value creation for customers. Managed by Mr. Tushad Dubash fourth generation entrepreneur, Duville Estates is a continuation of this legacy of ethics, customer focused practices and an uncompromising approach to quality. The company aims to deliver unique residential properties that exceed customers’ expectations. Riverdale is a residential project by Duville Estates located in Kharadi, Pune. It offers a range of towers spread across 31 acres with intelligently designed apartments and premium amenities and facilities. Duville Estates aspires to redefine lifestyle through innovative superior planning and architectural finesse and, thereby, establish themselves as one of the leading Real Estate developers in the country. From the selection of designers, contractors, selection of amenities, quality of finishes to the handover of keys, Duville Estates strives to make sure every detail is flawless.
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