PBAP Mega Property Exhibition 3rd to 5th October '08:From 3rd to 5th October 2008, The Promoters and Builders Association of Pune (PBAP) is organizing its annual real estate exhibition at SSPMS Ground, near Le Meriden, in Pune.
The main attraction of this exhibition is the "special offer offer from ICICI Bank." According to the news PBAB, ICICI tie up to offer cheaper home loans: PBAP has tied up with ICICI Bank to offer home loans at 10 per cent rate of interest to buyers, which will be applicable for 24 months after booking.
As per this agreement, the ICICI will charge 12.5 per cent rate of interest on home loans, out of which, the flat buyer will pay for 10 per cent of interest rate while the remaining would be taken care by the respective real estate developer.
Savings = Rs. 114 per lakh per annum interest for 2 years!"As of now, people are paying around Rs 1,080 per lakh per annum interest on home loans. If they book flats with PBAP members, this amount would be around Rs 966,” PBAP president Lalitkumar Jain said.
PBAP is planning to incorporate other major players in home loan segment such as HDFC in this scheme. “We will announce more tie-ups soon,” Jain added.
6,000 Bookings! Is it possible?The PBAP members are planning to sell more than 6,000 flats through this scheme.
What do you think? Is this offer that attractive?
Do you think in 3 days of exhibition, 6,000 property buyers will book the flats under this scheme?
Because, all 'special and exclusive offers', like "No EMI if you give ADF" from Palash-2.0, Palash 2i, or Topaz Park's offer at Wakad were for small number of flats. Including Runwal Seagull's offer 'No Pre EMI till Possession' at Hadapsar is also for the limited number of flats.
Please, share your views about this offer in the comments. By the way, have you read Ravi Karandeekar's Blogs' comments policy? If not, please, read it here before you comment!
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