Prestige Raintree Park Payment Plan

Prestige Raintree Park payment plan offers a comprehensive breakdown of costs, encompassing factors such as property size, type, floor level, GST, booking fee, contractual amount, and the scheduled instalment payments.

A payment plan is a descriptive document provided to any buyer for better understanding and clarity. This plan will help the buyers be prepared for the upcoming payment and let us know the construction progress.

Prestige Raintree Park Payment plan is yet to be updated as it’s a recently launched property. However, Prestige Raintree Park’s payment plan will be flexible and stress-free as Prestige Group is customer-centric. Thus, you can expect a simple and easy payment structure for this project.

Prestige Raintree Park
Type Apartments
Project Stage Prelaunch
Location Whitefield, Bangalore
Builder Prestige Group
Floor Plans 1,2 & 3 BHK
Price Updated Soon
Total Land Area Not Available
Total Units Upcoming
Size Range Onrequest
Approvals NA
Launch Date Not Available
Pre-launch Date Coming Soon
Completion Date 5 years from launch
Possession Date NA

The basic format of the Prestige Group’s payment plan is given below.

Booking Amount 5%
At the time of the Agreement 30%
At the time of 1st floor slab 20%
At the time of the 3rd-floor slab 20%
At the time of 4th floor slab 10%
At the time of Internal plastering 10%
Completion and Handover 5%
Car Park, EB, Water, Registration and Service Taxes Extra

The payment schedule is initiated when the apartment is selected and booked. The booking amount confirms the specific unit to the buyer, and all the required legal and official copies of the property are provided to the investor. Wherein one can validate the documents with the help of a lawyer. This validation is one of the mandatory steps every buyer should go through.

You will get enough time to process the documents until the agreement stage legally. In this stage, an agreement will be signed between the builder and buyer having all the property-related particulars and clauses like

  • Flat Number
  • Built up Area
  • UDS (Undivided Share in the property)
  • Total Amount to be paid
  • Interior Specification
  • Car park details
  • List of amenities
  • Possession Date

Property agreements are crucial as we can refer to them in conflicts. The third payment schedule begins based on the progress of construction. Typically, we can expect a 10-20% payment due in some of the construction stages, like 1st floor slit, 4th floor and 6th floor.

Once all the floors have been raised, the next stage is the Plastering payment stage, where 10% of the property value is due to be paid. At the end of the project or by the time of possession, the builder will collect the remaining 5%.

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