Property Exchange Offer by M3M

Property Exchange Offer by M3M

Property Exchange Offer by M3M  –  PYP  or Port your Property brings a solution to Property Owners with stuck properties who can switch/swap  to new property from M3M now and have been complaining to all authorities for delay in their property projects  . Here how it is. Let say you have a property in Delhi, NCR or anywhere in India and you purchased that property to probably live in or wanted to start work or business. However, sometimes the selection of property may not give you that outcome when bought at the initial launch or while it was under construction. There could be multiple reasons for properties not developed on time and in Delhi NCR it has been a regular feature with many developers. Delay of properties has only been the constant feature and the buyer has been taken for a ride.

Many a time Developer has been doing a practice of taking funds from consumers for one project and in order to fulfill its dream of becoming bigger, it puts the funds received into another project and delays the construction of the existing project. So at the end who is the sufferer – the end consumer.

The end consumer who bought the home to live in and was paying from his monthly income the EMIs, his plans get shattered by the delay. As the delay led to EMIs continue to the bank but he was also living in a rental accommodation where he was paying rent. So the end consumer is doubly burdened.

Many a time developer did not get the requisite approvals for the project and started bookings of the project and thereby the project got delayed and there could be several other reasons for financial mismanagement of the developer or other things which lead to delay.

So as a solution to all such cases, M3M comes to you as a solution in the M3M PYP Property Exchange Offer to all such end-users whose funds got stuck in such a property project. The customer swaps the disputed property with a new one from M3M and here it is how:-

To summarise, there could be a variety of reasons to be stuck in any property:-

  • * Builder has stopped the construction of the project.
  • * You are not able to resale your property.
  • * Your property developer is delaying the project delivery.

You don’t have to worry. M3M offers a solution. Exchange your old property with any new one from M3M.  You can switch old property with a new under the M3M PYP –Port your Property Scheme. The Scheme details are as under:

Key Features of Property Swap Scheme by M3M

  • The minimum required investment has to be 3.5 times of the stuck up (disputed )amount in old property.  For Example:- The amount stuck up in the old property is 20 Lacs. The new property the client now buys from M3M has to be 3.5 times implying 70 lac shall be the minimum investment of the client.
  • The client will be offered the property in 50:50 payment scheme. If the price of the property is Rs 70 Lakhs client has to make upfront payment of Rs 35 Lakhs, 50% of Remaining Rs 35 Lakhs less the disputed amount of Rs 20 Lakhs, ie. Rs 15 Lakhs at the time of possession.)
  • The application amount shall be 10% Along with duplicate papers of the property.
  • The payment plan under this scheme shall be 50:50.
  • Assured return shall be given on the stuck up amount.
  • The assured return will be given on the payment made upfront to M3M ie. 50%
  • Original papers of the disputed property will be deposited at M3M at the time of booking confirmation.

Stuck Up Properties OK for Exchange by M3M?

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. ,The Property Exchange Offer is valid for CHD Eway Tower.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project.The Property Exchange Offer is applicable for Cosmic Business Center.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the shop I bought here?

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. Property Exchange Offer valid for the office space.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer is applicable for the office space.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

 

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

 

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer is valid for the investment made in this project

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer valid for the investment made in this project

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer is valid for the investment made in this project.

Yes, the property swap can be done from M3M for this project. You can choose to exchange this property with M3M residential and commercial project. The Property Exchange Offer is applicable for the investment made in this project.

Switch Property as per Budget/Construction

M3M offers the following ready to move properties in the property switch scheme – M3M Golf Estate, M3M Escala, and M3M Woodshire. These properties are on Golf Course Extension – Golf Estate, Escala and Dwarka Expressway (Woodshire) in Gurgaon.

The following are the under- construction properties of M3M. These include M3M Sky City, Sky Heights, Skywalk, and Latitude. All these properties are in Golf Course Extension Road Gurgaon.

The under construction properties in Commercial Segment include the following- M3M Privy 73, Cornerwalk,  65 Avenue,  Broadway, SCO 84, SCO 113.

From the above Privy, Cornerwalk, 65 Avenue and Broad are on Golf Course Extension/ SPR Gurgaon where as SCO84 and SCO 113 are at Dwarka Expressway Gurgaon.

  • M3M offers Golf Estate, Polo Suites, Fairway West, Fair East as a ready to move in options. 
  • One Can opt for shops and multilpex in the under construction projects – Privy 73, Cornerwalk, Broadway, 65 Avenue

In the budget of 3 cr range one can opt for M3M Latitude which has possession in 6-9 months of time.

Or one can opt for commercial under-construction projects like Cornerwalk, Privy, Broadway and 65 Avenue.

In this budget following properties come under the scheme to opt for- 

  1. Commercial – Privy, Cornerwalk, 65 Avenue, Broadway 
  2. Under Construction Residential – Skywalk, Skycity, Heights
  3. Ready to Move- Woodshire and Ascala 

If one has a budget of around 1 cr M3M has limited inventory in their projects. These may include the following:-

Under Construction Commercial- Cornerwalk, Privy, Broadway

Ready to Move in Residential- M3M Marina and M3M Woodshire.

 

Not Much of any options is available in this scheme from M3M under the budget of 50 lacs. Almost most of the options are plus 80 Lacs for the scheme.

Legal/Tax Implication on Property Swap

Legal Implications should also be checked when going into any transaction in the property exchange. Most talked about Acts include Section 54 of the Transfer of Property Act.

When a property is bought or sold, the involvement of money takes place. But it is not mandatory to involve the money in the transaction. Indian Property Law allows exchanging properties when such a transaction is initiated. This would not involve the exchange of money but it would be the swap of properties as we call it to barter. It is important to understand the tax implication for the same before going ahead with such a transaction. Read More for Tax Implication.

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