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Plot Prices and Payment Plans Overview

The document outlines two payment plans - a down payment plan and an installment payment plan - for the purchase of plots of land. Under both plans, an initial booking amount is required along with proof of payments for various fees. The down payment plan requires 95% of the sale price plus government charges to be paid within 45 days, while the installment plan spreads payments out over 21 months with incremental percentages of the sale price due every 2-4 months along with portions of government charges. Additional fees for interest bearing maintenance security and community/club charges are due upon offer of possession under both plans.

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200 views6 pages

Plot Prices and Payment Plans Overview

The document outlines two payment plans - a down payment plan and an installment payment plan - for the purchase of plots of land. Under both plans, an initial booking amount is required along with proof of payments for various fees. The down payment plan requires 95% of the sale price plus government charges to be paid within 45 days, while the installment plan spreads payments out over 21 months with incremental percentages of the sale price due every 2-4 months along with portions of government charges. Additional fees for interest bearing maintenance security and community/club charges are due upon offer of possession under both plans.

Uploaded by

Toba
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as ODS, PDF, TXT or read online on Scribd

Sheet1

ANNEXURE - II
PAYMENT PLAN
Basic Selling Price (BSP) As applicable
Preferential Location Charges (PLC) As applicable
Sale Price BSP+PLC
Down Payment Rebate 8.25% of Sale Price
Government Charges Rs. 4750/- per sq. mtr (Rs. 3972/- per sq. yd** approx)
Interest Bearing Maintenance Security (IBMS) Rs. 598/- per sq. mtr (Rs. 500/- per sq. yd** approx)
Community Centre/Club Charges Rs. 2 lacs per family (refer to clause No. 4D)
(Maximum memberships on a plot-3 nos.)
DOWN PAYMENT PLAN
On Application for Booking
Rs. 12 Lacs for plots upto 420 sq. yds.**
Rs. 15 Lacs for plot above 420 sq. yds. **
Within 45 days of Booking
95% of Sale Price + 10% of Govt. Charges*
(Less : Down Payment Rebate of 8.25% & Booking Amount)
On Offer of Possession
5% of Sales Price + IBMS + Community Centre /
Club Charges + Registration & Stamp Duty and
other charges, if any
INSTALLMENT PAYMENT PLAN
On Application for Booking
Rs. 12 Lacs for plots upto 420 sq. yds. **
Rs. 15 Lacs for plots above 420 sq. yds. **
Within 2 months of Booking 20% of Sales Price (Less booking amount)-10% of Govt. Charges*
Within 4 months of Booking 15% of Sales Price
Within 6 months of Booking 10% of Sales Price
Within 9 months of Booking 10% of Sales Price
Within 12 months of Booking 10% of Sales Price
Within 15 months of Booking 10% of Sales Price
Within 18 months of Booking 10% of Sales Price
Within 21 months of Booking 10% of Sales Price
On offer of Possession 5% + IBMS + Community Centre/Club
Charge+Registration & Stamp Duty and Other
Charges, if any
Notes :
1. Prices and Payment Plan indicated above are w.e.f. 01.03.2012 and are subject to revision for time to time at the
sole discretion of the Company.

2. Service Tax/any other tax, if applicable, would be payable by the Applicant(s) as per demand.
3. Government Charges include External Development Charges, Infrastructure Development
Charges,
Infrastructure Augmentation Charges, any other charges.
* Balance 90% of Government Charges are payable in installments as elaborated in the Plot Buyers' Agreement
i.e.,
10% of Govt. Charges with the second installment and balance in installments, as elaborated in the "Agreement".
and to be completed with other payments payable "On offer of Possession".

Page 1
Sheet1

** 1.196 Sq. yd=1 Sq. Mtr.

Page 2
Sheet1

vision for time to time at the

Plot Buyers' Agreement

rated in the "Agreement".

Page 3
Sheet1

Page 4
Sheet2

EDC/IDC IBMS
Size Rate BSP @ 3972 @500 Club
502 45000 22590000 1993944 251000 200000

INSTALLMENT PAYMENT PLAN


On Application for Booking
Rs. 12 Lacs for plots upto 420 sq. yds. ** 1500000
Rs. 15 Lacs for plots above 420 sq. yds. **
Within 2 months of Booking 20% of Sales Price (Less booking amount)-10%
of Govt. Charges* 3732888.8
Within 4 months of Booking 15% of Sales Price 3924666.6
Within 6 months of Booking 10% of Sales Price 2616444.4
Within 9 months of Booking 10% of Sales Price 2616444.4
Within 12 months of Booking 10% of Sales Price 2616444.4
Within 15 months of Booking 10% of Sales Price 2616444.4
Within 18 months of Booking 10% of Sales Price 2616444.4
Within 21 months of Booking 10% of Sales Price 2616444.4
On offer of Possession 5% + IBMS + Community Centre/Club Charges 1759222.2
Note:- This cost sheet not include registration charges and stamp duty. The
installment may varies according to the PLC you will get in your unit.

Page 5
Sheet2

PLC@5% Total Cost


1129500 26164444

Page 6

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