Prestige Pine Forest Payment Schedule

A payment schedule is a plan agreed upon by two parties that lays out when and how much money will be paid. It includes payment due date, instalment amount, extra charges and others. It is created to establish clear terms for when and how payments will be made between parties. It helps prevent misunderstandings and ensures timely and organized transactions.

The Prestige Pine Forests payment schedule includes the breakup of buyer’s instalments that are to be made towards the purchase of an apartment in the project. It is a document that shows the payment layout. It shows the date of payment, extra charges and taxes. It is made for the convenience of both the buyer and the builder.

Highlights of Prestige Pine Forest

The payment schedule provides information about the payment method and amounts. It is made for the following reasons -

1. Financial stability - The schedule provides stability to the builder and buyer. Both parties get and pay on the due dates.
2. Flexibility - The payment schedule offers a flexible mode of payment. The buyers are not burdened to pay the amount at one time in bulk. The breakdown amount helps them pay for the house easily.
3. Transparency - The plan gives a transparent pattern of payment. It shows buyers how much money is being taken and for what. This can help home buyers stay updated on the project's progress and any possible delays or problems.

The Prestige Pine Forest Payment schedule provides buyers with an easy option to pay in simple instalments without feeling overwhelmed. To book the property, buyers need to pay 10% of the total amount. A 10% amount is to be paid after the sale agreement is made. These payments are made at specific stages of construction. Buyers have to pay Stamp Duty, Registration charge, GST, and other applicable taxes. The builder has provided a schedule that buyers must follow to ensure timely payments.

The payments are made per sq. ft. basis, and other charges like

• BWSSB Charges
• Generator charge
• Maintenance charges

These charges have to be paid as described in the payment schedule. The GST amount is paid till the property is under construction.

The RERA Act has set some rules to safeguard the rights of the buyers.

The rules set by RERA are as follows:

• The buyer has to pay 10% of the cost of the property at the time of booking an apartment.
• When the apartment/flat construction begins, the buyer has to pay an additional 10% of the price.
• Upon completion up to the level of the plinth, 15% of the value is to be paid.
• The buyer has to pay 2% to 5% as every step of construction is completed.
• After plastering, painting, and plumbing, 5% will be paid.
• The remaining 5% of the price will be paid upon possession of the home.

The payment schedule of Prestige Pine Forest is made to ease the financial burden of the buyers. The plan makes sure that buyers get clear information about the costs involved. It is transparent and flexible to suit the buyer's pocket.