That is roughly equals to 6.728 of today's amount.
It may look very lucrative but lets do a little time travel but.... in the past, Not 20 years just 10 year
10/2009 price of potato :Rs28 per Kg
10/1999 price of potato :Rs2.45 per Kg
price changed more then 10 times ... do i need to think about 1989 ??
we bought a piece of land 20 years back and it coasted Rs 20,000, today it worth Rs 30,00,000 .. increased by how much ...let me guess ...150 times.
Think about anything and mostly you will be surprised to know how much difference in cost of living has come in last 10 years.
So even if your money is 6.728 times after 20 years. Did you make money or lose money ?
Pre-EMI is safe only if builder don’t complete the work & run away or you have lost your source of income and not in a position to pay the EMI. Both the cases whatever money paid is gone & you would have paid less amount with Pre-EMI compare to ADF
Bottom line ADF is good for Builder but you should threat him with Pre-EMI & get a discount. That way its a win win situation for both of you. But If some one wins .. some one have to lose .. so who lost ? Its not you or the Builder .. obliviously its the bank .. coz you will be taking less loan with the discount price.. hence less interest paid to the bank..
