Supertech Property in Noida Ceyane Tower 100% cash back?

Answers:1   |   LastUpdateAt:2012-11-03 06:39:02  

Question
geoffrey
Asked at 2012-08-27 11:31:16
Hello , MedlinePlus MedlinePlus A new residential project in Noida is rising Supertech Sector 93A . They are saying that there is a scheme of 100 % cashback on all investment . MedlinePlus MedlinePlus Floor price is 27,00,000 . I have to pay 20 % of my pocket and the rest will be bank loan. Are giving me in writing that I will give a 12% return per anum in the amount I am investing say 27,00,000 for the next 100 months. This means that 1 % return per month and I will give PDC checks at the time of finalizing the deal . Flat is ready to possasion in June 2012 . MedlinePlus MedlinePlus The idea behind this are saying give me back to the condo to their services . In case of using the bank loan to develop this property, the bank will charge 18 % interest per anum ratre while they are giving me only 12 % return per anum , so this way you save 6% thereof and no responsibility on me . So this is a win- win for both them and me . They say this is a very popular concept in the U.S. , The first time introduced in India. MedlinePlus MedlinePlus After the floor is built , the plane will be used as a hotel and income willl get her to 100 months and during that peroid also said they will give me 1% return on my investment anum . MedlinePlus MedlinePlus The idea behind it sounds good and seems to be very lucrative . But I suspect that there might be some loophole through which I can be deceiving. MedlinePlus MedlinePlus Could someone please suggest me if it is a good idea to invest in this scheme .
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