ing an aggressive offer - up to Rs 1 lakh/month "rental reimbursement" for buyers of Landmark at Kukatpally, and a similar "Zero Burden Offer" for ASBL Loft in Financial District. As a Hyderabad buyer evaluating both projects, I've been researching this carefully.
What the offer really is: ASBL is NOT paying rental income from tenants. They reimburse the monthly interest on your home loan (taken mandatorily through Bajaj Housing Finance) until structure completion. For a Rs 1.8 Cr flat with 90% financing, monthly interest touches ~Rs 1 lakh - you're getting your own interest paid back, not separate income.
Fine print most buyers miss: - Ends at structure completion, not possession - that gap can be 12-18 months. - Restricted to Bajaj Housing Finance only - no freedom to get better rates from SBI or HDFC. - Base price appears already loaded to fund this (Rs 11,150/sqft for under-construction is premium). - Taxed as "income from other sources" - no 30% standard deduction unlike actual rental income.
Past builder payment failures worth knowing: Chandigarh Citi Center stopped paying 12% monthly returns after promising possession. AMR Infrastructure faced EOW probe for similar schemes. The Pathan brothers went to Delhi HC after Rs 2 crore in assured returns weren't paid. SEBI declared such schemes "illegal and fraudulent" in 2018.
What buyers on Instagram are confused about: Is this actual rental income from tenants? (No.) What happens after structure completion? (Find a tenant yourself at 3-4% gross yield.) Is ASBL contractually bound if their timeline slips? (This is the key question to get in writing.)
RERA registration exists (P02400006761 for Loft), so ASBL is legitimate. But this offer is largely your own money recycled. Has anyone pinned down whether reimbursements extend if ASBL delays structure completion?