Second Floor — every payment

The first three payments are each due after every two months, against work that is finished — so the plot has a foundation on it before the second one falls due. From month 7 the payments are monthly: Rs. 55,000 , doubling to Rs. 1,10,000 every sixth month. You hold the keys in month 8, with 67% paid — Rs. 36,85,000 — and the remaining 33% runs on while you live in it.

Check it yourself

The running total in the last column ends on Rs. 55,00,000 , which is the price of the floor. Not near it — on it. Three payments of 20% come to 60%; the remaining 40% is spread across 30 monthly payments, and the shares add up to a hundred.

If your signed contract ever differs from this by even a rupee, we want to know immediately — your signed documents govern either way.

When these fall due

The first three are tied to the work rather than to the calendar. Each becomes due once that stage is complete, which is the point of a construction-linked payment: you are paying for something you can go and look at. The month numbers are what the contract prints, but a foundation is finished when it is finished, so plan on the basis that two of them could arrive closer together than the schedule suggests.

From month 7 they are simply monthly, and the five doubling months — 12, 18, 24, 30, 36 — are the ones to put aside for: Rs. 1,10,000 instead of Rs. 55,000 .

The keys change hands in month 8 and the target is possession 6 months from the start of construction. Both are targets rather than dates in your contract.