'Never fall for no EMI till possession trap': Reddit user warns Indians of home loan scam; netizens react
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Summary
Builders across India have trapped approximately 4.3 lakh homebuyers with 'No EMI till possession' schemes. Victims pay 10% upfront while banks release 80% to builders who promise to cover pre-EMIs fo...
Key Details
Published
18 August 2025 at 08:00 pm
Source
Mint
Channel
fake website
Victim Profile
investor
State
NA
City
NA
Amount Loss Range
> ₹10000000
Fraud Keywords
no emi till possession schemesubvention schemereal estate fraudbuilder abscondingfund diversionbogus completion certificatesstalled housing projectsfake construction milestonesupfront payment scampre-emi trap