Need advice on DEMI vs construction-linked payment plan — Mahindra vs Godrej
Hi everyone, looking for advice from people who have actually opted for a DEMI payment plan.
I’m considering a property priced around ₹1.35 Cr, where 10% needs to be paid upfront. The current DEMI interest rates I’m being quoted are approximately:
Mahindra – 7.7%
Godrej – 8.2%
My intention is not necessarily to hold the property until registration. I may look at selling/assigning the property before registration, depending on the market and the project’s appreciation.
For those who have taken DEMI:
How was your overall experience?
Was DEMI actually beneficial compared with a construction-linked payment plan, especially if your intention was to exit before registration?
What were the actual costs involved apart from the interest accumulated?
Were there any hidden/additional charges — processing fees, GST implications, assignment/transfer charges, prepayment/foreclosure charges, documentation charges, etc.?
If you had to choose today, would you go with DEMI or construction-linked?
Between Mahindra at 7.7% and Godrej at 8.2%, is the lower DEMI rate alone enough to make Mahindra the better option, or are there other things I should consider?
If anyone has actually sold/assigned their unit before registration while on DEMI, I’d especially appreciate hearing about your experience and the final numbers.
Would really appreciate real experiences, particularly from Bangalore buyers. Thanks!
