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Real estate in India is undergoing a dim phase and the year 2012 has witnessed plummetting sales and launches across the country. Developers are coming up with innovative plans and schemes along with cooperation from banks to revive sales of houses in the country. Subvention scheme is an innovative scheme introduced by a number of developers as a part of their endeavour to make the property transaction customer friendly. Under the subvention plan, a customer buys an under constructipon property for which he/she does not have to pay EMIs for a defined period or until he/she takes possession of the house. Usually, private and nationalised banks tie up with developers to offer loans for such subvention plans.