Gera’s Home Equity Power is a thoughtful support initiative for customers of our under-construction projects.

We understand that life can present unexpected financial needs. Through this facility, eligible customers may request a temporary release of a portion of their own contribution already paid towards their home, excluding any amount disbursed by banks or financial institutions.

It is our way of standing by our customers by offering flexibility when it may be needed most (subject to eligibility criteria and applicable conditions set out).

FAQs

Gera’s Home Equity Power is available to existing customers of under-construction Gera projects, subject to the conditions below:

• The customer must have paid at least 20% of the total consideration value (excluding GST) from their own funds.
• The customer must be fully paid up to the latest applicable billing milestone as on the date of application, with no outstanding dues.
• In cases where a home loan has been availed, the customer may draw down only that portion of their own contribution which does not breach the minimum own-contribution requirements stipulated by the lending bank or financial institution.

A customer may request a withdrawal of up to 10% of the total consideration value (excluding GST), subject to:

• Availability of sufficient eligible own contribution
• Compliance with bank funding norms (where applicable)
• Internal assessment of the request at the time of application

The approved amount, if any, may be lower than the maximum permissible limit, depending on individual circumstances.

• The facility may be considered after the customer has paid a minimum of 20% of the total consideration value (excluding GST) and is fully paid up to the latest billing milestone applicable at the time of application.

• No.
  The amount released under Gera’s Home Equity Power is not a loan or fresh capital provided by the Company.
• It represents a temporary refund of a portion of the customer’s own contribution already paid. For the period during which this amount remains withdrawn, it is deemed not to have been paid towards the consideration under the Agreement for Sale.

• Yes.
  Since the withdrawn amount is treated as temporarily unpaid consideration, interest as prescribed under applicable RERA regulations shall apply for the period during which the amount remains outstanding, in accordance with the Agreement for Sale and applicable law.

• The withdrawal is permitted for a limited period of up to three (3) months or until the date of possession, whichever is earlier, unless otherwise specifically agreed in writing by the Company. There is no automatic right to extension.

If the withdrawn amount is not repaid within the agreed timeframe:

• It shall continue to be treated as outstanding consideration
• Interest shall continue to apply as applicable

The Company may exercise its rights under the Agreement for Sale and applicable law.

• Customers may approach their designated Customer Support Manager to understand the process, documentation requirements, and applicable terms at the time of request.

Important Disclaimer

• Gera’s Home Equity Power is a discretionary support mechanism offered in exceptional circumstances. It does not constitute an entitlement, contractual right, or assurance of approval.
• All requests shall be evaluated on a case-by-case basis, subject to the Company’s internal policies, prevailing circumstances, and overall availability at the time of request.
• Approval or rejection of any request shall be at the sole discretion of the Company, and prior approvals granted to any customer shall not create any precedent or obligation.
• The Company reserves the right to modify, suspend, or withdraw this facility at any time, subject to applicable law.