Frequently Asked Questions (FAQ) – ASR Property Solutions
Welcome to the FAQ section of ASR Property Solutions! Here, we answer some of the most common questions we receive from our clients and visitors. If you need further assistance, feel free to contact us.
1. What services does ASR Property Solutions provide?
ASR Property Solutions offers a wide range of real estate services, including:
- Residential property sales (buying, selling, and renting)
- Real estate investment advice and high-return investment opportunities
- Exclusive pre-launch offers and access to new developments in Mumbai
- Consultations with expert real estate agents to guide you through the property process
2. How do I search for properties on your website?
To search for properties, simply visit our Property Listings page. You can filter results by location, price range, property type (1 BHK, 2 BHK, luxury apartments, etc.), and other criteria to help you find the best match. You can also contact us directly for personalized property recommendations.
3. Do you charge any brokerage fees?
ASR Property Solutions offers zero brokerage on all new projects. This means that you can buy, sell, or invest in new properties through us without any extra cost. However, for resale properties or other transactions, there may be brokerage fees depending on the nature of the deal.
4. What are pre-launch and upcoming offers, and how can I benefit from them?
Pre-launch offers refer to properties that are available for purchase before they are officially launched to the market. These properties often come with exclusive discounts, early access, and special deals. To benefit from pre-launch offers, you can get in touch with us directly, and we will provide you with early access to the best deals in Mumbai.
5. What Are Bank Subvention Offers, and How Can I Benefit from Them?
A bank subvention offer is a type of financing arrangement offered by banks and financial institutions in collaboration with real estate developers. One of the most common subvention schemes is the 20:80 payment plan, which is specifically designed to ease the financial burden on homebuyers, especially during the construction phase of the property.
Understanding the 20:80 Payment Plan
The 20:80 payment plan is a payment structure where the homebuyer is required to pay only 20% of the total property cost upfront, while the remaining 80% is financed by the bank. The key feature of this plan is that the buyer does not have to pay the full 80% immediately, and this amount is typically paid after possession or after the property is fully constructed.
Here’s how the 20:80 payment plan typically works:
- 20% Initial Payment:
The buyer pays 20% of the property price upfront at the time of booking or as the initial down payment. - 80% Bank Loan:
The bank or financial institution offers an 80% loan for the remaining cost of the property. However, the key benefit of this plan is that the homebuyer does not have to begin repaying the 80% loan until the property is ready for possession. - Repayment After Possession:
Once the property is ready for possession, the buyer starts repaying the 80% loan. During the construction period, the interest on the 80% loan is typically covered by the developer or bank, so the buyer is not required to pay it until possession.
How Can You Benefit from the 20:80 Payment Plan?
Here are several ways you can benefit from opting for a 20:80 payment plan:
1. Lower Financial Burden During Construction
The main benefit of the 20:80 payment plan is that you don’t have to pay for the 80% of the property upfront or during the construction phase. This means you can move forward with purchasing a property without the pressure of paying the full cost immediately, especially if the property is still under construction.
- Benefit: You pay only 20% initially and do not need to worry about the larger amount until the property is ready for possession.
2. Delayed Repayment
In traditional home loan structures, you start repaying your loan as soon as the loan is sanctioned, which can be difficult, especially if the property is under construction for a long period. With the 20:80 payment plan, the bank typically does not expect you to start repaying the 80% loan until possession is granted.
- Benefit: You get more time before the full loan repayment begins, giving you financial flexibility and less immediate strain on your cash flow.
3. Developer or Bank Covers Interest During Construction
In many 20:80 plans, the interest on the 80% loan during the construction phase is either waived or covered by the developer or the bank. This means that you are not required to make monthly interest payments during the construction period, which can significantly reduce your financial burden while waiting for the property to be completed.
- Benefit: You can save money on interest during the construction period and only pay interest when the property is ready for possession.
4. Lock-in Price
The 20:80 payment plan is often used in new or pre-launch projects. By committing to the plan early, you essentially lock in the current property price, even if prices increase during the construction period. This can be beneficial in a growing real estate market.
- Benefit: You secure a property at the current market price, even if property prices rise before possession.
5. Easy Access to Financing
Since banks cover a large portion (80%) of the property cost, the 20:80 payment plan makes it easier for you to get financing, especially if you don’t have enough savings for a large down payment. This type of plan is ideal for buyers who want to minimize the initial payment burden.
- Benefit: Access to financing with a small upfront payment (only 20%), making homeownership more accessible.
6. Ideal for Long-Term Investment
If you plan to hold the property for the long term and want to secure it at a lower initial cost, the 20:80 payment plan is a great option. It allows you to invest in a property with a relatively low initial commitment and start repaying only when the property is ready for possession.
- Benefit: Allows for long-term investment with delayed financial commitment.
Things to Keep in Mind:
While the 20:80 payment plan has numerous benefits, there are a few things you should consider before opting for it:
- Loan Interest Post-Possession:
After the property is ready for possession, the bank will begin charging interest on the 80% loan amount. Be sure to calculate the total cost over time. - Delayed Possession:
The 20:80 plan is often used for properties that are still under construction. Be aware that construction delays may push back the possession date, and your loan repayment may be delayed as well. - Eligibility for the Plan:
Check the eligibility criteria for the 20:80 plan. Not all developers or banks may offer this option, and some properties may not qualify for such financing schemes.
How to Benefit from a 20:80 Payment Plan:
- Research Available Schemes:
Look for developers offering the 20:80 payment plan in your preferred area. You can get in touch with us at ASR Property Solutions to learn about ongoing 20:80 schemes and pre-launch offers. - Verify Terms with the Bank:
Ensure you fully understand the terms of the 20:80 payment plan with the bank, especially regarding interest rates, repayment schedules, and any other fees associated with the loan. - Consult Experts:
Work with a real estate agent or financial advisor to assess whether the 20:80 payment plan is the right fit for your financial situation and investment goals.
In Conclusion:
The 20:80 payment plan offers a great way to purchase a property with minimal initial financial commitment. By paying only 20% upfront and deferring the remaining 80% payment until possession, you can ease the burden of home buying. This plan is especially beneficial for those looking to invest in under-construction properties without immediately needing to arrange a large loan or pay interest during the construction phase.
To explore 20:80 subvention offers and find the best deals in Mumbai, ASR Property Solutions is here to help you navigate through the available options and guide you to the right property investment.
6. Can you help me find a property within my budget?
Yes, we specialize in finding properties that fit your budget. Whether you are looking for an affordable flat or a luxury apartment, we will help you find the right property based on your financial preferences. Our team will guide you through various options and suggest the best deals within your price range.
7. Can I schedule a property visit?
Yes, we can arrange property visits for you. Once you find a property that interests you, contact us to schedule a viewing. We will make the necessary arrangements and ensure that you have all the information you need during the visit.
You can reach out to us by:
8. Do you provide investment advice for real estate?
Yes, ASR Property Solutions offers expert advice for real estate investment. We can help you identify high-return investment opportunities, guide you through the investment process, and provide insights on properties with the best potential for growth. Our team is experienced in the Mumbai real estate market and will ensure that you make informed decisions.
9. How do I stay updated on the latest property deals?
To stay updated on the latest property deals, you can:
- Subscribe to our newsletter for property updates and market news.
- Follow us on our social media channels.
- Contact us directly to receive personalized alerts about new listings, pre-launch offers, and exclusive deals.
10. Can I trust the properties listed on your website?
Absolutely! We only list verified, top-tier properties on our website. Our team works closely with reputable builders and developers in Mumbai, ensuring that all listed properties meet the highest standards. We also verify the legal documentation and background of each project to provide you with reliable and trustworthy options.
11. What should I do if I need more information about a property?
If you need more information about any property, feel free to reach out to us directly. Our team of real estate experts is available to answer all your questions and provide detailed information, including property specifications, legal documentation, and other relevant details.
If you’re looking for more information about any property, feel free to contact us directly. Our expert real estate team is here to assist you with detailed insights, legal documentation, and complete property specifications. At asrmumbai.com, we specialize in a wide range of properties across Kandivali West and Mumbai, including:
- New launches, under-construction, and ready-to-move properties
- 1 BHK and 2 BHK flats and apartments
- Affordable and premium residential options
- Properties within various budget segments (under ₹80 Lakhs to ₹1.5 Crore)
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Whatever your real estate need, ASR Property Solutions is just a call away!
12. How can I contact you if I have a specific question or need support?
You can contact us through:
- Phone: +91-9041113783 or +91-9637410117
- Email: info@asrpropertysolutions.com
- Visit: ASR Property Solutions, Mumbai
Our team is here to assist you and provide you with the best real estate solutions.
Still have questions?
If you didn’t find the answer you’re looking for or need assistance with a specific property, don’t hesitate to contact us. We’re here to help you make the best real estate decisions!
ASR Property Solutions
📱 +91-9041113783, +91-9637410117
📧 info@asrpropertysolutions.com