Prestige Somerville Payment Schedule

Prestige Somerville Payment Schedule gives a comprehensive breakdown of all the costs, making it easy to understand the payment process. It includes details like the price based on the type of apartment, its size, floor level, GST, booking amount, agreement amount, and the instalment schedule. Payment Plan helps to get a clear picture of how the payments are structured. Additionally, it outlines any extra charges and provides essential guidelines for payment to ensure clarity. As part of the prelaunch offers, you can enjoy unique benefits that enhance the overall value of your investment. These prelaunch advantages give you a head start in your real estate journey, making your decision to invest in Prestige Somerville even more rewarding.

Important Highlights of the Prestige Somerville Payment Schedule:

Some fundamental points of the Prestige Somerville Payment Schedule are as follows:

• Prestige Somerville is a world-class project. Its payment schedule is made to cater different needs of different people. The process and timings are flexible.
• The first payment marks the initiation of the payment schedule. It starts with a nominal booking amount, allowing people to secure their favourite apartment with a bare minimum advance commitment.
• Buyers can pay small instalments as the project progresses. The payments are planned in a specific time interval. This reduces the stress on buyers. Small and consistent payments also signify the constant progress of the project construction.
• The Prestige Somerville Payment Schedule lets buyers know about its flexibility. Buyers can select the option that best fits their budget. This flexibility makes homeownership more accessible, allowing a wider range of people to purchase a house in this prestigious residential development.

Steps of the Prestige Somerville Payment Schedule

The entire payment schedule is made with the general guidelines of RERA, applicable for projects under construction. The whole payment schedule comprises these steps:

• The homeowner must pay 10% of the total cost when booking their apartment. GST will be applicable here.
• On the allotment date, the buyer has to pay another 10%+GST.
• Next instalments of only 4% are required to be paid with a grace period of 1-2 months Until it reaches 75% of your base plan. These instalments will continue to show up every few months.
• The buyer is eligible to pay 20 instalments for their apartment before the possession date approaches.
• Payment for the completed work up to the foundation level is required in the amount of 15%.
• After completing each stage, the buyer must pay 1%.
• 5% is due when the painting, plumbing, and plastering are finished.
• The rest amount must be paid on the date of possession when having the keys.

What is a payment schedule? A payment schedule is a detailed timetable that informs the buyers about how much and when they should pay. The builders themselves issue it. Put differently, a payment schedule is a detailed timetable that describes the dates, procedures and timings for making the purchase price of the property payment.

The Prestige Somerville Payment Schedule offers a convenient schedule and planning to pay cash in simple instalments without any burden. Interested buyers should pay 10%+GST of the entire asking price during the booking of the apartment. Another 10%+GST must be paid during the allotment day, which is generally within 10 days after booking. At predetermined building milestones, these payments are made. The developer has planned out a perfect schedule that buyers must adhere to. It helps them to make the payments on time.

Overall, the payment plan brings transparency and trust between both parties. It lets the buyers have a nice home-buying experience. If you have any queries regarding the payment plan, feel free to contact us.

Prestige Somerville Project Highlights