Purva Aerocity Payment Schedule

Purva Aerocity payment schedule is a financial document that shows the payment time and amount of the project. It will show the booking amount, installment amount, and also the other charges. 10% of the total amount has to be paid in advance during the booking period. The payment schedule will be available after the project's launch. The document will be fair and flexible to suit the buyer's budget.

A payment schedule or a payment plan for a housing project outlines the timeline and specific amounts of money. Buyers are required to pay these amounts to the builder at different stages of the development. It includes the initial amount, installments, & final payment. This schedule helps buyers know how much money they need to pay and when. It also makes sure that the payment process is clear and easy to understand.

Highlights of Purva Aerocity

Purva Aerocity is a lavish pre-launch project by the Purva Group in Chikkajala, Bangalore. It will be launched in 2024 and is waiting for RERA approval. The site offers 3 & 4 BHK ultra luxury apartments with modern features. The price of these luxury units starts from Rs 85 Lakhs onwards. The master plan, floor plan, and payment schedule of the township will be available soon.

A payment schedule is an important document provided by the builder for the buyers. It helps buyers to collect their resources for the timely deposit of amounts. To reduce the buyer’s risk and financial burden, the RERA Act has set guidelines. The RERA Act has set certain guidelines for the payment schedule. These are:

1. The buyer has to pay 10% of the cost of the property at the time of booking an apartment.
2. When the apartment/flat construction begins, the buyer has to pay an additional 10% of the price.
3. Upon completion up to the level of the plinth, 15% of the value is to be paid.
4. The buyer has to pay 2% to 5% as every step of construction is completed.
5. After plastering, painting, and plumbing, 5% will be paid.
6. The remaining 5% of the price will be paid upon possession of the home.

The Purva Aerocity payment schedule is not yet launched but buyers can expect a flexible plan. It gives buyers time to pay without getting the burden of instant payment. The payments made to buy the property will have GST included. The registration charges, stamp duty, maintenance charges, and other charges are to be paid by the buyer. These charges are to be paid only at the time of possession.

The payment schedule of the project will be crafted to suit the buyer's budget. It will cater to the needs of the buyers, and also the flats will be delivered on a fixed date.

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