Payments won't be due until you take ownership.

Currently, the most popular selling point for Pimpri Chinchwad's residential buildings is the absence of monthly installments till ownership. Nonetheless, many may not realize that in this scenario, the cost of the property increases in the long run as you pay the interest for these three years. Another option is to include pre-occupation interest in the asking price of the apartment.

At its future project in Pune, Life Canvas, Mamurdi, PCMC, the Vighnaharta company is introducing an unprecedented deal. To understand this agreement, let's look at the 1BHK scenario.

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Reduced overall market price

Sale prices for apartments at Life Canvas are Rs. 300/sq.ft. lower than the current market rate. Consider that a comparable apartment in the area might cost you Rs. 4000/sq.ft., but that you can purchase this one for only Rs. Saving money in this way is a nice bonus. The price of a 1 BHK apartment in PCMC has dropped by eight lakh rupees, making it available to more people.

Paying nothing upfront

At the brand-new Life Canvas, Mamurdi, development, there is no initial investment required. The days of needing a small fortune to secure a reservation for a flat in Pune are over. In its place, you'll simply have to shell out Rs. 20,000 every month for the next three years, the duration of the building. For approximately Rs.7,20,000/-, you can purchase a 1BHK apartment with a carpeted space of 516 square feet within the PCMC confines.

No Payments are Due Prior to Delivery

From the time you take out the loan and until the property is transferred as agreed, the Vighnaharta group will pay the interest on the borrowed funds. For those three years, you won't have to worry about paying any mortgage interest.

Prudent Budgeting

After three years, the value of the home you bought at the lowest possible price will have increased without fail. If you bought the condo as an investment, you should already be ahead. The monthly payment of your EMI won't be a problem if this is your first property and you've been renting up until now. When you buy a condo, your EMI payments will typically begin next month. Therefore, you are obligated to pay both rent and EMI. The Life Canvas deal, fortunately, may be tailored to the needs of the purchaser. Possession is required before EMI may begin.

Wrap-up

You are already getting a great deal on the apartment because of the factors mentioned above. The fact that there is no required down payment is a bonus. Furthermore, there are no EMIs due until you take possession, thus reducing the financial burden of the purchase.

Unique in nature, this deal won't last long. Get the discount while you can!

Mevolve is a sales consultancy and interior design organization that aims to create workplaces that are both aesthetically pleasing and highly functional.