India, Nov. 11 -- Buyers who opted for subvention schemes like pay 10% now and 90% on possession are feeling cheated. The ration of 10:90 may vary as at the time of MOFA or pre RERA era, the percentage to enter into Agreement for Sale was 20% so many have opted 15:85 or still today its is 10:85:5 or any other variation.

What is Subvention: The buyer take a home loan from a predetermined bank introduced by the builder. Pay the margin, usually 10 to 15% and that is first ratio to the subvention. Take the guarantee of the builder that if builder do not pay, buyer will pay. Builder, premia facie assures the buyer that he will pay the pre EMI of the loans. Builder then turn to bank, hand in glove, ask the banker to disburse more than what is ...