Harsh Roongta | Answer |Ask -Follow
Answered on Dec 24, 2019
As long as the project is registered with RERA and approved by the concerned lender you will get a choice between paying just interest till possession (called pre-EMI in banking jargon) or starting off the EMI on the disbursed amount. The choice is yours.
During the years in which the property remains under construction no tax benefits are available for any loan payment – whether interest or principal.
Finally, don’t buy under-construction flats where delays are rife. Just buy a ready to move in flat.
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