Prestige Imperial Park Payment Plan

Prestige Imperial Park's Payment Plan shows the breakdown of costs to buy the apartment starting at Rs. 75 Lakhs onwards. The plan gives details of

• the booking
• installment amounts
• GST charges

These are to be paid by the buyers to buy the apartment.

The plan shows that 10% of the booking amount of the overall cost of the apartment is to be paid to book the flat. Later in the 5 years, 10 installments are to be paid. During every stage, a 10% amount is to be paid, which excludes stamp duty and registration charges.

A payment plan is a well-planned financial document that shows the initial booking charges and instalment charges. The builder plans these to reduce the burden on buyers to pay wholesome amount at once. The plan is applicable till the payment is clear. After payment, the unit gets ready for possession.

The EOI of the apartments will begin soon and will be adjusted in the overall payment. During final payment, the EOI amount is deducted or adjusted. The EOI is usually kept at 10% of the overall cost of the apartment. It also serves as a booking amount.

Prestige Imperial Park, Hyderabad, is a grand Prestige Group apartment project that offers a transparent payment plan. Buyers get a clear idea of the amounts and the stage at which it has to be paid.

The tentative payment plan of the township is given below:

• Booking: Buyers pay 10% of the total price when they book any unit in the project.
• Construction Start: Once the project work officially begins, another 10% of the total amount is due.
• Digging (Excavation): During the digging stage of the project, buyers pay 10% of the total amount.
• Base (Plinth): When the base of the building is constructed, 10% of the total amount must be paid.
• Basement: While the basement is being built, buyers pay 10% of the total amount.
• Ground Floor: During the building of the ground floor, another 10% of the total amount is due.
• First Floor: When work on the first floor begins, buyers pay 10% of the total amount.
• Flooring: At the stage where the floors are being put in, 10% of the total amount must be paid.
• Plumbing: During the pipe and water-system work, buyers pay 10% of the total amount.
• Getting the Keys (Possession): When it is time to move into the homes, the final 10% of the total amount must be paid.

Note: 2% GST charges will be applicable on the booking as well as installment charges. After completion, the GST is not applicable if a buyer plans to purchase the unit.

Faqs

The township uses a construction-linked plan. This means buyers have to pay a set part of the total cost at different stages. This starts from the building work until possession.

To confirm the booking of the unit, 10% of the total price at the time of booking is to be paid.

Yes, buyers can pay when specific parts of the building are finished. This includes digging, the foundation, the floors, or the plumbing. This ensures you only pay as the work actually moves forward.

The last 10% of the total cost is paid at the very end, when the home is completely ready.

Prestige Imperial Park Highlights