“There is an element of doubtfulness as not all the projects get completed on time. These kinds of schemes help the customer to build a trust worthy connection with the developer".
Many experts feel that presence of bank also adds to credibility. However it is believed that such schemes can only be applied on mid price segments. The company has such a scheme in the mid-priced segment.
“These kind of schemes encourages developers to finish the project on or before the timeline”.