Bangalore, March 12, 2015: In a move to facilitate home buyers to own their dream homes, House of Hiranandani, a leading real estate player in Bangalore has launched the 20:80 scheme for its apartments in Cypress at their integrated community in Devanahalli and 25:75 scheme at Hillcrest apartments located in Bannerghetta, Bangalore.
A survey carried out by us at our Devanhalli and Banerghatta communities revealed that a substantial number of prospective buyers were keen on living in our holistic life spaces, but were delaying their purchase owing to the double burden of EMI and rent till possession. So, we decided to come up with this scheme that will help people buy their dream home at a fraction of the cost and pay the rest on possession.
Commenting on this decision Mr Prashant Mirkar, GM- Sales & Marketing, House of Hiranandani said “We have always been at the forefront in engaging with our customers and creating innovative ways to help buyers own their homes”. He added that the plan has been launched as there is a huge demand from buyers who are keen to reside in our integrated communities.
Under the scheme, buyers will have to make an upfront payment of only 20% or 25% of the cost and will not be required to make any monthly installments or interest till the time of possession. They will save the interest cost on remaining value of the apartment during the period. The upfront payment will change depending on the project. Hence, the buyer will start paying equated monthly installments to the bank only after moving in to his dream home.
There is no tie-up with any financial institution for this scheme and the company will use internal accruals to fund the project.
Cypress in Devanahalli, marked by its neo-classical architecture is sure to appeal to your sensibilities. The sense of spaciousness in the large 3 BHK apartments in addition to luxurious amenities like well-appointed club house, a lush herbal park and vast expanse of greenery is bound to create a lifetime of joyful memories.
Similarly, Hill Crest is an architectural marvel in our Bannerghatta community having large 3 BHK apartments, designed to give residents a blissful living experience. It is one of the most sought after homes in our community given its easy access to sports and recreational facilities.
For last three decades, House of Hiranandani has built multi-use developments in India on large scale and introduced retail, hospitality, healthcare, education and entertainment into their developments. Through the environment friendly concepts of new urbanism, our focus has been on converting suburban sprawls into well-planned urban communities.
House of Hiranandani has a unique approach to engineering, planning and designing and invests heavily in research and development to ensure that it is at the forefront of value engineering and design.