Flexible Payment Schedules at Adani Panvel Township

Purchasing a home is a significant step, and understanding the payment schedule is an essential part of the process. At Adani Panvel Township, the payment structure is designed to offer transparency, flexibility, and ease to potential homebuyers. Whether you're purchasing a 2 or 3 BHK apartment, a villa, or a plot, the payment plans are tailored to align with your financial needs, ensuring that you only pay for the property as work progresses. This not only makes it easier to manage your finances but also gives you peace of mind knowing that payments are linked to real construction milestones.

From the initial booking amount to the final payment upon possession, every step is clearly outlined, making it easier for you to track your payments. The flexible payment options, including subvention schemes and post-possession payment plans, allow you to make payments according to your comfort, providing you with a hassle-free experience throughout the home-buying journey.

Here’s a detailed look at the typical payment schedule at Adani Panvel Township:

1. Initial Booking Amount

  • Booking Fee: The home-buying journey begins with a booking fee. This is a nominal amount, typically around 1-2% of the total cost of the property. It secures the property of your choice and kick-starts the official paperwork.
  • When is it due?
    This payment is required immediately at the time of booking, confirming your intent to purchase the property and starting the process.

2. Payment Upon Signing the Agreement

  • Agreement of Sale: After confirming the property, the next step is signing the agreement of sale. At this stage, a payment ranging from 10% to 15% of the total cost of the property is due.
  • When is it due?
    This payment is typically due at the time of signing the agreement, which outlines the terms, conditions, and key details of the property purchase.

3. Construction-Linked Payments

As construction progresses, payments are tied to the completion of specific construction milestones. This payment structure helps you manage your finances while ensuring you pay for the property in line with the actual work being done. The stages typically include:

  • Milestone-Based Payments: Payments are made as key construction milestones are achieved:
    • Foundation Stage: 10-15% of the total cost after the foundation work is completed.
    • Slab Completion: 10-15% once the slab is complete and the building structure is taking shape.
    • Brickwork and Superstructure: 15-20% after the brickwork and superstructure are done.
    • Finishing Works: 10-15% when interior finishing like plastering, flooring, and other key touches begin.

4. Final Payment on Possession

Once your property is ready for possession, the remaining balance, usually 30-40% of the total property cost, becomes due. This is the final payment to take ownership of the property. Additionally, some possession-related charges, such as registration and documentation fees, are included at this stage.

When is it due?
This payment is made upon possession, which typically occurs after all construction and finishing works are completed.

5. Additional Costs

Along with the scheduled payments, there are some additional costs that buyers need to consider:

  • Stamp Duty & Registration Fees: These are government-mandated charges that need to be paid when registering the property in your name.
  • Development Charges: These include maintenance deposits, charges for common amenities, and clubhouse memberships, among other fees that help sustain the development.

These additional costs are clarified during the signing of the agreement and should be factored into your overall financial planning.

6. Flexible Payment Options

To make your home-buying experience more convenient, Adani Realty offers flexible payment schemes:

  • Subvention Scheme: In this option, buyers pay the EMI (Equated Monthly Installment) to the bank, while the builder covers the construction-linked payments during the initial phase.
  • Post-Posession Payment Plans: Some buyers may have the option to defer payments until after possession, offering more time to manage finances.

These flexible schemes help ease the financial load and provide a more comfortable experience for homebuyers.

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