Let’s talk about the payment plan for Privana North, which is part of DLF’s Privana Township, located in Sector 76, Gurgaon.
This project has a very flexible payment plan that is made to suit all kinds of people, whether they are home buyers or investors. The total payment is divided into different stages (slabs), and you can pay the full amount over 4.5 to 5 years.
- EOI (Expression of Interest) is ₹50 lakh.
- After that, you need to pay 10% of the total amount within 1 month (this includes the ₹50 lakh EOI).
- Then, 15% must be paid within 4 months of booking.
- After that, another 10% needs to be paid within the next 5 months (after the second 15% payment).
So, within 9 months, you will have paid 35% of the total amount.
After 9 months, the remaining amount will be paid in 7 installments of 7.5% each. These payments will be based on the construction progress. Each instalment will come with a gap of 6 to 7 months.
There will be 7 installments of 7.5% each after the first 9 months. These will be based on construction progress:
- The first 7.5% will be asked when the foundation work is completed.
- The second 7.5% will be on the completion of the ground floor slabs.
- The third 7.5% will be on the completion of the 10th-floor slabs.
- Fourth, 7.5% will be on the completion of the 20th-floor slabs.
- Fifth, 7.5% will be on the completion of the 30th-floor slabs.
- Sixth, 7.5% will be on the completion of the 40th-floor slabs.
- The final 7.5% will be paid when the top floor is completed.
So after completing all these 7 installments, you will have paid 52.5% of the total amount. If we add this to the first 35%, then you will have paid 87.5% of the total amount.
The remaining 12.5% amount will be paid in two parts:
- 7.5% will be paid at the time of applying for the Occupation Certificate.
- 5% will be paid at the time of taking possession of the home.
After this, you will have paid 100% of the total amount for the apartme
For more details:https://privanaprojects.in/
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