Coronavirus relief: This realty firm says it won't charge interest on outstanding instalments for 3 months
To help customers amid coronavirus outbreak, realty firm Parsvnath Developers on Saturday said it will not charge interest on outstanding instalments of all its existing customers for three months, starting March 15.
To help customers amid coronavirus outbreak, realty firm Parsvnath Developers on Saturday said it will not charge interest on outstanding instalments of all its existing customers for three months, starting March 15. Parsvnath group, which has presence in 37 major cities across 13 states, is also reportedly providing food to labourers working in its projects.
Real estate developers levies interest as a penalty, if property buyers fail to pay their instalments before the due date. The interest rate charged by builders are as high as 18 per cent.
The company has decided to "provide an interest holiday on outstanding amounts to all its customers/home buyers for three months from 1 March 15? till June 15," Parsvnath said in a statement.
Parsvnath Group chairman Pradeep Jain said, "Everyone is facing unforeseen difficulties and losses due to the COVID-19 outbreak. Hence keeping in consideration these tough times," it was our duty to extend relief to our customers".
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
01:05 PM IST