As the customers have become wary
in the recent times while buying properties, builders have come up with new
ideas to woo customers. Out of many innovative ideas, one is Assured Returns on
the property.
One can easily size up the kind of desperation the builder is in
by checking the amount of assured return he is ready to offer on his
properties.
The selling point in the Assured
Return Scheme is that the returns are higher than the Bank F.D.s. Well that may
be true prima fascia, but one needs to specifically understand that the builder
is returning back the same money in installments which was paid to him
initially by the investor, over a period of time agreed in the buyer/builder
agreement. To service the interest
payouts the builder jacks up the price of the new project which might not be necessarily
in sync with the current market prices.
It is also quite possible that the
builder
