Budget Flats in Serampore Hooghly

Pay 40% on agreement and the rest on possession at Prayag

Author: New Kolkata Team | 2021-02-26

For long, the real estate sector has been in favour of only builders and developers. From getting delayed possession to bearing a huge loss of project cancellation, all has to be borne by home buyers. Even in worse case after living in a society for a long period of 10-15 years, homeowners need to vacate the society due to builder’s mistake of not getting approval from government for the said project. And after all these, for any of these malpractices, if a home buyer files a complaint, it used to take years to get a verdict. However, now to bring transparency and accountability to this sector, Real Estate Regulatory Act, 2016 has come to force. Alcove Realty group which has always been transparent, has been proactive with schemes and offers that add to the reputation of trust. Prayag’s way forward has been to introduce the 40% on agreement and 60% on possession offer that aims to create a more equitable and fair transaction between sellers and buyers of properties.

Benefits of this offer

This 40-60 offer is not only benefiting buyers but also agents and builders. It infuses credibility by making the sector mature & transparent and helping to channelize investment into Prayag keeping the project actively ticking. It helps increase the confidence of financial institutions & investors in the real estate sector as well. There would be lesser loopholes, more active construction work therefore preventing project delay.

Options for homebuyers

Without a definite date in black and white, it is difficult for the buyers to ascertain the reasonable date for possession of the property. If the waiting period gets prolonged, the buyer would have to bear additional expenses on EMIs. So to avoid all those hassles, Prayag has already come up with their possession date- January, 2023 with the additional offer of 40% on agreement and 60% on possession that prevents project delay, pre-EMIs and helps build areas of trust in both parties.

To end with, why should you choose Prayag as your dream home?

With the offer of 40% on agreement and 60% on possession, buyers can now book their dream home with zero worries. 

Tags: #AlcoveRealty #NewKolkata #NewKolkataSangam #NewKolkataPrayag #TallestTownship #3WayConnectivity #Amenities #Lifestyle #RiversideApartments