Of late, the introduction of smooth financial schemes in the real estate sector in India has opened up new gateways for aspiring investors. This has facilitated the stakeholders in achieving prompt ownership of posh residences. The much talked about name in luxury properties, Wave Infratech, has recently announced a subvention scheme for its residences at Wave City Center, a 152 acres integrated township in Noida.
The Subvention Scheme by Wave
To encourage expeditious ownership of premium-serviced residences, buyers are now given the choice of paying only 10% on booking and will be free from making any EMI payments till the offer of possession. Besides offering ultra-luxury serviced residences that are already in the construction stage; Wave has also introduced fully furnished, ready-to-use business offices within the same township.
According to Mr. C.J. Singh, Senior President – Sales and Marketing, Wave City Center, the company endeavors to not only release the payment pressure off buyers but also provide an experience of posh living in the heart of Noida.
Removal of Wealth Tax & Possibility of Lower Interest Rate
With the reduction of repo rates by 25 basis points in January and March by the Reserve Bank of India, a further rate cut is expected. And as the benefit will be passed on to home loans by the lending institutions, aspiring homeowners can expect lower interest rates. With the eradication of the Wealth Tax as per the Union Budget 2015-16, even the upper middle-class segment is now targeting to invest in luxurious homes, earlier reserved only for the super rich classes.
Mr. Amar Sinha, spokesperson of Wave Infratech, expressed, “The luxury residential property market has become the fastest growing segment in real estate globally. And with such financial schemes, the ambitious project of Wave City Center in Sector 32 and 25A is quickly becoming the next favorite destination for luxury homes and offices with state-of-the-art amenities.”