Wanted to understand the risks behind No EMI / subvention plans being offered in NCR real estate projects.
Recently came across the Smart world x Elie Saab Hi-Street project in Noida Sector 98, where a 25:75 subvention scheme is being offered buyer pays 25% upfront and builder claims to service EMI/interest till possession.
I’m trying to understand from people who have experience with these structures:
• What happens if builder delays EMI payments to bank?
• Does liability immediately shift to buyer even before possession?
• How safe are these builder-bank tie-ups in reality?
• Have people in NCR faced issues with delayed possession or credit score impacts under subvention plans?
• Does involvement of lenders like HDFC or Bajaj Finance actually reduce risk meaningfully?
• What clauses should buyers watch carefully in loan agreements for such schemes?
Not looking for investment advice or promotion only trying to understand practical/legal risks before considering such financing structures.
Would appreciate insights from anyone with firsthand experience.