Six months of building, then thirty of living

Phase one: as it is built

Three payments of 20%, one every two months, each against work that is finished.

That is 60% of the price inside the first six months. The point of the two-month spacing is that the work comes first: the plot has a foundation on it before the second payment falls due.

Phase two: monthly, from month 7

1% of the price a month, doubling to 2% every sixth month, through to month 36.

The keys change hands in month 8, which carries an extra 5% on top of that month's instalment. By then you have paid 67%. The remaining 33% runs on for the rest of the term while you are living in the house.

Every sixth month — 12, 18, 24, 30, 36 — the instalment doubles. Those five months are the ones to plan for; they are marked on each floor's full schedule.

On the second floor, the cheapest of the three, that monthly figure is Rs. 55,000 , and Rs. 1,10,000 in a doubling month.

What that is in rupees

Why it is shaped like this

The two phases answer two different questions, which is why they are not the same kind of payment.

Before the keys, you are buying construction. Tying those payments to the foundation, the structure and the finishing means you are paying for work that has visibly happened rather than for a date on a calendar. If the site stops moving, you have a concrete thing to point at.

After the keys, you are living in the house and paying it off. There is nothing left to inspect, so those payments are simply monthly — and a monthly figure is the one you can actually check against your income.

The other side of the first phase is the one people forget: work has no date. The schedule prints month numbers because a contract needs them, but a foundation is finished when it is finished. Plan your money around the possibility that two payments land closer together than the schedule suggests.

Watch it rather than take it on trust: the construction log publishes dated photographs from fixed positions every month.

There is no interest and no markup

The 33 payments add up to the price of the floor. Exactly. Paying across three years costs you nothing extra, and you can check it on any of the three schedules — the running total ends on the price and not a rupee above it.

This is worth stating plainly because instalment plans in this market frequently do carry a markup, disclosed as a higher headline price for anyone not paying cash. Ours does not. If you find a figure on your contract that contradicts this page, that is a serious problem and we want to hear about it immediately.

What the schedule does not show

It begins with the foundation payment. There is no separate booking amount on it. If you are asked for one, ask which row of the schedule it is set against and get the answer in writing before you pay — a payment that does not correspond to a row is a payment nobody has agreed to.

The target is possession 6 months from the start of construction, and the schedule hands the keys over in month 8. Both are targets rather than contractual dates: they depend on your payments being on time, on authority approvals, on site conditions and on the force-majeure terms of your agreement.

If something goes wrong

Missing a payment has a defined process rather than an unspoken threat, and it is written out at what happens if you miss one. Read it before you buy rather than when you need it.