Rental Assurance Scheme

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PAY 65% COST AND GET 100% RENT

yes you heard it right Manjeera Constructions provides rental assurance scheme on residential flats for the first time in Vijayawada.

“rental Assurance Scheme helps families to repay their existing rentals or to repay pre emi and helps in savings”.

THE SCHEME STATES

During the time of booking the customer has to pay minimum 65% of the total flat cost either through own source or with the help of housing loan. On successful down payment of 65% and execution of agreement, the customer is entitled to get a 100% monthly rental till possession. The customer has to make the balance 35% of the payment as per the construction progress. This scheme is applicable for 2 BHK flats and 3 BHK flats in satavahana, Pallava and Chola blocks of Manjeera Monarch and only for limited period / limited flats / first come – first serve basis.

In Brief :

  • To be eligible for the scheme customer has to make a minimum payment of 65% of the flat cost which includes his own contribution + home loan. This 65% of the payment is derived as per the construction progress.

  • The monthly rental will start from the date manjeera constructions Ltd receives a minimum of 65% payment and sucessful execution of the agreement of sale, which may or may not be the date of booking.

  • Customer opting for the bank loan should consider the time taken by banks to process his loans and releases the 1 st disbursement of the loan.