Investing in Prestige Southern Star offers not only luxury living but also flexible payment plans designed to make the process smoother for buyers. With the project currently in its pre-launch phase, buyers can take advantage of attractive introductory offers and staggered payment schedules, making it easier to secure a home without upfront financial pressure.
Standard Payment Plan
Prestige Southern Star typically follows a construction-linked payment plan (CLP), which allows buyers to make payments in installments based on the progress of the project. Here’s an outline of how a standard construction-linked plan might work:
- Booking Amount:
- A small percentage, usually around 10% of the total property value, is paid upfront to secure the booking during the pre-launch phase.
- Post-Booking Payment:
- Another 10% is typically paid within a few weeks after the booking, upon agreement signing.
- Payments Linked to Construction Stages:
- Foundation Stage: A certain percentage (around 10-15%) is paid when the foundation of the building is laid.
- Plinth Stage: A payment is made at the completion of the plinth or ground level construction.
- Superstructure (Each Floor): Payments are made incrementally as the construction of each floor is completed (approximately 5-10% per floor).
- Roof and External Finishing: Another installment is paid when the roof is completed and external finishing begins.
- Possession: The final balance (approximately 5-10%) is paid at the time of possession, when the property is ready for handover.
Special Offers for Pre-Launch Buyers
- Early Bird Discounts: Buyers in the pre-launch phase may enjoy special pricing and discounts.
- Waivers: Offers may include waivers on registration fees or stamp duty, reducing the upfront costs.
- Zero EMI Until Possession: Some payment plans may offer zero EMI until possession, allowing buyers to avoid loan repayments until they take ownership of the property.
Down Payment Plan
For buyers who prefer to make a larger initial payment, a down payment plan offers discounts for early payments:
- 15-20% down payment at booking.
- Balance payments are made upon completion or close to possession, often with significant discounts compared to the construction-linked plan.
Subvention Schemes
In some cases, Prestige Group may offer subvention schemes where the developer pays the interest on the home loan until the buyer takes possession of the property. This allows buyers to own a home without bearing the EMI burden during the construction phase.
Why Choose Flexible Payment Plans?
- Financial Flexibility: With payments spread out across the construction period, buyers have time to manage their finances without the pressure of upfront payments.
- Attractive Offers: Pre-launch phases often come with lower prices and better payment terms, making it a great opportunity for homebuyers and investors.
- Zero EMI Options: For those seeking relief from immediate financial pressure, zero EMI offers ensure no repayments until possession.
Conclusion: Easy and Convenient Payment Options
The Prestige Southern Star payment plan is designed with flexibility in mind, ensuring that buyers can comfortably manage their finances while investing in one of Bengaluru’s most prestigious residential projects. Whether you choose a construction-linked plan or a down payment option, the variety of payment schemes makes owning a home at Prestige Southern Star accessible and convenient.
