Bangalore: In the post recession period real estate developers have adapted various strategies to attract buyers. One of these strategies has been the introduction of the deferred payment scheme. And the concept is fast catching up in Bangalore.The scheme generally operates through the following process:The buyer books a flat by paying a very small amount varying between Rs 2 to 5 lakhs.The buyer pays no EMI on the property loan sanctioned by the bank to buy the flat till he gets the possession of the flat.The EMI that is accumulated between the time of booking and handing over the possession of the flat is paid by the developer.At present the offer is only available on pre-launch of projects. Soon it would be made available on post –launch projects. The concept migrated to Bangalore from Mumbai through builders from Mumbai who are trying to enter the lucrative realty market of Bangalore.The scheme is in general targeting the young executives who have just started their carriers. They are people who do not yet have the potential to make a hefty down payment or pay rent and EMI at the same time. But they have the potential for growth and the aspiration to buy a house. Therefore such a scheme greatly attracts them.It is a win-win situation for banks and builders too. For the builder there is steady flow of funds that are required during construction and the interest he has to pay the bank is much lower than the commercial rate of interest. The banks gain by getting a wide customer base without even having to advertise for it.However not all developers are ready to absorb the interest completely. Some of them are straining on the partial sharing of the EMI which means they will pay the EMI only till a certain point of time. After that the buyer has to pay the EMI till the possession of the flat. In this case the buyer does not gain as much as he does by paying no EMI till possession.This scheme had been greatly adopted by big real estate developers such as Unitech, DLF, Lodha Group, HDIL, Sobha Developers etc. to boost the post-recession demand in the real estate sector. However Bangalore based developers are yet to fully appreciate the scheme.