"Under the advantage payment plan, customers can buy an apartment by paying 2 per cent of its total cost as downpayment but provided their loan has been approved by the bank and they have to remaining 18 per cent in 9 installments within two years of the allotment," Sare Homes Managing Director Vineet Relia said.
Under this payment plan the company will offer 200 apartments at SARE Crescent ParC Township in Ghaziabad near National Highway 24. The apartments will be offered at cost of Rs 32 lakh and Rs 50 lakh.
"Our township is in advanced stage of construction while families are already living in Phase 1 and 2. Whereas Phase 3 is almost ready for possession and construction is in full swing at Phase 3," he said.
SARE Homes is promoted by an offshore fund Duet Group focused on developing residential real estate. The company has properties in India valued at Rs 4,100 crore.