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Jul 18, 2016
Pramod Kumar lives on rent in a metro and wants to buy an apartment. Recently, he came across an ad for homes available under a 15:75:10 payment plan. Also known as subvention schemes, these are bank financing for home loans, where the borrower pays only 15% of the property value at the time of booking. The lender pays 75% at various stages of project completion and the borrower pays the balance 10% at possession. There is also a No EMI for 24 months offer. Should Kumar opt for it?
Buying a house? Mitigate risk with possession-linked plan
Feb 23, 2014
DELHI: With sales in the real estate sector slowing down, developers are coming up with a variety of attractive offers to persuade customers to buy. One innovation that the current slowdown has spawned is the possession linked payment (PLP) plan. Until recently, the most popular plan was the construction linked payment (CLP). Here, the payment to developer, either by the buyer or the bank from which the loan is taken, is linked to construction milestones.
ED takes possession of Koda aides' properties
Jan 24, 2014
JAMSHEDPUR: An Enforcement Directorate team on Wednesday took possession of properties owned by two associates of former chief minister Madhu Koda.
HML Land: Officials of Other Departments to be in Probe Team
Dec 11, 2013
THIRUVANANTHAPURAM: The Vigilance Department, which has initiated a detailed probe into the land in the illegal possession of Harrisons Malayalam Ltd and the forgery of documents related to them, has decided to constitute a high-level team, including top officials of the Land Commissionerate, State Land Bank, Registration and Survey Departments.

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