A
Asif Khan
posted on 6 MayConstruction-linked payment plans are never worth it.
Visited Keya Homes in Yeshwanthpur, looking for a 3BHK. My wife's priority is safety for the kids. They're pushing construction-linked plans. Is this smarter than a down payment for long-term value, or just riskier?
#yeshwanthpur#keya-homes#payment-plan#3bhk#end-user
Comments
The biggest catch with CLP is that you start paying EMIs while the construction is still going on, and you're also paying rent. It's a double burden that can really drain your savings and cause immense stress. Long-term value ke chakkar mein short-term financial stress mat lo. Your family's peace of mind is more important.
To answer your question, U4, you can try for projects that offer possession-linked payments, or where the builder pays your EMI
This is my biggest fear! How can we manage both rent and EMI without going broke?
It's not always black and white, yaar. CLP can work if the builder is super reputable and has a history of on-time delivery. Keya Homes ka RERA status check kiya kya? What's the exact payment schedule they're offering? Some CLPs are genuinely beneficial if milestones are linked to actual construction progress, not just arbitrary dates. Don't just dismiss it without checking the fine print.
Exactly! I visited Keya Homes last month for their Arekere project. The sales guy was very pushy about CLP, saying it's the 'safest' option due to RERA. But when I asked for their past project completion timelines and penalty clauses for delays, they just showed me glossy brochures and vague answers. Be careful, they might just want to lock in your money. My cousin had a bad experience with a similar plan years ago and regretted it.
RERA status toh 'Approved' dikha raha hai, but that doesn't guarantee anything these days. Bengaluru market mein delays common hain, even for RERA registered projects. I heard their project in Agrahara Layout also faced significant delays. Check with current residents if possible.
Totally agree with the sentiment! Construction-linked plans are a huge risk, especially for first-time buyers with limited financial wiggle room. It's like paying for a meal that might never get cooked.
So what's the alternative then? Full down payment is tough for first-timers like us. Koi aur safe option hai kya?
Haan bilkul! My friend booked a 2BHK near Banashankari with a CLP and regret it big time. Project stuck for 3 years, EMI aur rent dono. Builder ne date pe date di, ab toh hope hi chhod di hai. Don't fall for it.
Bhai, CLP is a massive trap unless the builder has a stellar record. They make it sound like a blessing, but delays are so common, you'll be paying EMIs for a ghost project. Yeshwanthpur mein Keya Homes ka track record kuch khaas nahi suna hai recently. Be very cautious.