Godrej Properties (GPL), the real estate development arm of the Godrej Group, has inked a memorandum of understanding (MOU) with Axis Bank to offer a special scheme to customer of all GPL projects which have been approved by Axis Bank for home loan purposes.
As per this MOU, GPL customers will be able to get a home loan from Axis Bank after paying only 10% from their own resources as against the traditional 20%. They will have the flexibility to pay the balance 10% during the term of payment schedule.
This is a unique scheme in the market and the offers will also be beneficial for young customers as their initial contribution becomes half of what it would have been otherwise.
Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.