Builder property swap scheme | Property swap NCR

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“Exchange Your Old with any Residential or Commercial Project” is a scheme offered by some builders and developers in the real estate industry. The scheme allows buyers to exchange their old property, whether residential or commercial, with a new property that the builder or developer is constructing.

Under this scheme, the buyer can get a discount or a reduction in the price of the new property based on the value of their old property. The builder or developer takes ownership of the old property and offers it for resale or other purposes.

This scheme is particularly advantageous for buyers who want to upgrade their living or commercial space or invest in real estate without the hassle and expense of selling their existing property separately. It also allows buyers to take advantage of the value of their old property to secure a new property that better suits their needs.

However, it’s essential to carefully evaluate the terms and conditions of the scheme before entering into any agreement. Buyers should ensure that they fully understand the value and quality of the new property being offered, the process for transferring ownership of their existing property, and the terms of the exchange.

It’s recommended to seek professional legal and financial advice before entering into any real estate transaction to ensure that all parties are protected and the transaction is carried out legally and transparently.

"Property Swap" for stuck real estate property buyers
“Property Swap” for stuck real estate property buyers

Builders offer property-swap scheme to buyers of stalled projects
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Switch the stuck property
Switch the stuck property call 9958959555

Builders offer property-swap scheme to buyers of stalled projects

A builder property swap scheme is a real estate transaction where a builder offers a property swap to a buyer who already owns a property. In this scheme, the builder offers to exchange the buyer’s existing property for a new property that the builder is constructing.

The Property Swap NCR, on the other hand, refers to a property swap scheme specific to the National Capital Region (NCR) of India. In this scheme, builders in the NCR offer to exchange properties with buyers who already own properties in the same region.

Both schemes can be advantageous for buyers who are looking to upgrade their living spaces or invest in real estate without having to sell their existing properties. The property swap allows buyers to avoid the hassle and expense of selling their property and buying a new one separately.

However, it’s essential to carefully evaluate the terms and conditions of the property swap scheme before entering into any agreement. Buyers should ensure that they fully understand the value and quality of the new property being offered and the process for transferring ownership of their existing property.

It’s also recommended to seek professional legal and financial advice before entering into any real estate transaction to ensure that all parties are protected and the transaction is carried out legally and transparently.

Real estate developers operating in the National Capital Region (NCR) have started offering a property-swap scheme to homebuyers who are stuck in stalled projects. The scheme requires paying at least two-thirds of the new property’s value for the swap to take place.

Real estate developers in NCR, to bolster sales numbers, have started offering a scheme to buyers stuck in stalled real estate projects, as per which, buyers can switch to a new property (under-construction or ready-to-move-in) if they pay at least 70 percent of the new property’s value. Nearly two lakh units in the NCR are stalled with builders unable to deliver the project due to liquidity crisis.

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Once a stalled unit has been swapped for another unit, the developer who sold the latter shall work to recover the balance amount which the home buyer had initially paid for the now-stalled property (usually 20 to 30 percent of the total value). This would take place once the stalled project gets completed and the originally-purchased unit gets sold.

Another advantage of this scheme, which has attracted real estate developers, is its potential to target a large group of homebuyers who are suffering due to a stalled project. Resultantly, if a builder gets in contact with a group of such distressed homebuyers, he/she can cut expenses on marketing and brokerage, which usually come up to 30 percent of the total property cost.

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