If you are an enterprising guy who wants to move away from bank deposits for better returns and can bear a small risk of default, than you may consider going for fixed deposits by Godrej Properties Ltd. which is accepting deposits under provision of the Companies (Acceptance of Deposits) Rules, 1975.
The features are as following:
- Interest rates from 9%, 9.50% & 10.50% for 1/2/3 years deposits respectively.
- Half yearly basis payment
The group has many subsidiary companies, which are engaged in Real Estate & Property Development, having projects at Ahemdabad, Bangalore, Chennai, Chandigarh, Gurgaon, Hyderabad, Kolkotta, Kochi, Mangalore , Pune & Mumbai. Thus this fund can be used to provide finance for its related and non related activities.