Please share your views on the truth behind this assured return ad of GIFT City in Gandhinagar ?

POSTED BY jaykumar1175@gmail.com ON September 22, 2014 5:10 pm ONE COMMENT

Hi Experts,

I have come across with a advertisement from reputed builder for few projects in Gift City (Gandhinagar, Gujarat) but I am really not sure how practical is to get assured return and why builder is giving such return?

This is a commercial property and for an example if you buy a property of worth 28L then you will have to pay 100% upfront payment. Depending on the scheme builder will pay you return on monthly basis so if you buy 28L property with 12% return assurance then for next 4 years they will pay you monthly 28k. Also they give you assurance for rental income.

Note: This is just a pre-launch offer.

Below is the image of advertisement:

http://pho.to/7F6Sx

Thank you.

Jay

 

One reply on this article “Please share your views on the truth behind this assured return ad of GIFT City in Gandhinagar ?”

  1. Raja says:

    If builder picks money from the market he will have to pay heavy interest of more than 25-30% on the loan. By taking money from you, he is paying you back at 12%. Isn’t that a profitable proposition for the builder. On the other hand, you are stuck as there are no banking norms which protect you if builder defaults and does not pay you back your money. So its risky to invest in such schemes unless you know the company and have faith in their operations.

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