Plan Details
Payment Plan
Payment Plan for Sale of Real Estate Plot as per Builder Buyer Agreement
| Sr. No. | Milestone of Payment | % Payment Due |
|---|---|---|
| 1 | At the time of Booking | 10% |
| 2 | Commencement of earthwork & preparation of sub-grade for roads | 10% |
| 3 | Excavating trenches & concrete cradle bed for sewer line | 10% |
| 4 | Commencement of road work - brick soling, brick edging | 10% |
| 5 | Laying of water & sewer pipe line and drainage system | 10% |
| 6 | Laying of Underground Electrical cables, electrical power system - start of erection of street lighting poles | 10% |
| 7 | On Commencement of development of Central Park and Services | 10% |
| 8 | On or before commencement of CC work for construction of internal roads | 10% |
| 9 | Commencement of laying interlocking pavers and construction of footpaths | 10% |
| 10 | On offer of execution of conveyance deed for the plot | 10% |
| Total Sale consideration of Plot | 100% | |
| Note: GST is not applicable over sale of residential plot |
Construction Linked Payment Plan (CLP) for Construction Services opted by the Customer as per construction contract
| Sr. No. | Milestone of Payment | % Payment Due |
|---|---|---|
| 1 | At the execution of Construction Agreement and issuance of contract | 10% |
| 2 | Upon Approval of Building plan from Prayagraj Development Authority | 10% |
| 3 | On commencement of Foundation | 10% |
| 4 | On or before laying of Plinth Beam (Plinth Level) | 10% |
| 5 | On or before laying of Ground Floor slab | 10% |
| 6 | On commencement of Brick Masonry of Ground Floor | 10% |
| 7 | On or before casting of First Floor slab | 10% |
| 8 | On commencement of Brick Masonry of First Floor | 10% |
| 9 | On or before casting of Second Floor slab (if applicable) or commencement of internal plaster of duplex | 5% |
| 10 | On commencement of External Plaster of the villa | 5% |
| 11 | On commencement of External façade Painting Work | 5% |
| 12 | On offer of Possession | 5% |
| Total value of construction contract as per construction agreement | 100% | |
| GST payment over cost of construction and services (to be paid along with each installment) | @18% |