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Apartment Payment & Pricing Plan

This document outlines the payment plan for an apartment, including: 1) The down payment plan requires 2% of the sale price on application and 95% of the remaining sale price within 30 days of booking. The remaining 5% is due on conveyancing along with interest bearing maintenance security and registration charges. 2) The construction-linked installment plan requires 2% of the sale price on booking and further installments of 10-15% linked to construction milestones, with the remaining 5% and other charges due on possession. 3) The sale price is calculated as the basic price plus preferential location charges multiplied by the super area plus cost of parking slots. Prices are subject to revision and service tax is

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97 views1 page

Apartment Payment & Pricing Plan

This document outlines the payment plan for an apartment, including: 1) The down payment plan requires 2% of the sale price on application and 95% of the remaining sale price within 30 days of booking. The remaining 5% is due on conveyancing along with interest bearing maintenance security and registration charges. 2) The construction-linked installment plan requires 2% of the sale price on booking and further installments of 10-15% linked to construction milestones, with the remaining 5% and other charges due on possession. 3) The sale price is calculated as the basic price plus preferential location charges multiplied by the super area plus cost of parking slots. Prices are subject to revision and service tax is

Uploaded by

bigdealsin14
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Annexure I : Payment Plan


PRICES
Basic Selling Price of Apartment As applicable
Preferential Location Charges As applicable
Parking (per slot) Rs. 10 lacs per slot
Down Payment Rebate 8.5%
Interest Bearing Maintenance Security (IBMS) Rs. 500/ - per sq.ft.
DOWN PAYMENT PLAN
On Application for Booking Rs. 2 Cr. (Plus Service Tax)
Within 30 days of Booking 95 % of Sale Price
(Less booking amount & Down Payment Rebate)
On offer of conveyancing 5% of Sale Price+IBMS+ Stamp duty & Regn. Charges
CONSTRUCTION-LINKED INTEREST-FREE INSTALLMENT- PAYMENT PLAN
Payment
On Booking Rs. 2 Cr. (Plus Service Tax)
Within 45 days of Booking 15 % of the Sale Price (less booking amount)
Within 3 months "/ On commencement of excavation* 10%
Within 6 months / On commencement of tower foundation* 10%
Within 9 months / On commencement of tower upper basement* 10% "
Within 12 months"/ On commencement of super structure* 10% "
Within 15months "/ On commencement of 4th floor* 10% "
Within 18months "/ On commencement of top floor roof* 10% "
Within 21months "/ On application for Occupation Certificate* 10% "
Within 24months "/ On offer of possession* 10% "
On offer of conveyancing 5% " + IBMS + Stamp Duty & Regn Charges#
(* whichever is later)
SALE PRICE OF UNIT (BASIC SELLING PRICE + PLC) x
(SUPER AREA OF APARTMENT) +
COST OF 3/ 4 PARKING SLOTS
Prices indicated above are subject to revision from time to time at the sole discretion of the company.
Service Tax extra as applicable

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