Prestige Parklane Payment Plan
The Prestige Parklane Payment Plan is an easy and flexible way to pay for your dream home built by the Prestige Group in KIADB Phase 2, Devanahalli, North Bengaluru. This big township offers 1, 2, and 3 BHK flats starting at ₹70 Lakhs*. Instead of asking for all the money at once, the builder lets you pay in small parts as the building gets built.
Knowing how this payment setup works helps you plan your money easily and get the best deal before prices go up.
Breakdown of the Prestige Parklane Construction-Linked Payment Schedule
The payment plan for Prestige Parklane is connected to building progress. This keeps your money safe because you only pay when real work is done on the site.
| Payment Stage | Percentage to Pay | Details |
|---|---|---|
| Booking Amount | 10% | Pay to book your favorite flat. |
| Agreement Signing | 10% | Pay when you sign the official legal papers. |
| Foundation & Excavation | 10% | Pay when the land digging and base work finish. |
| Plinth & Substructure | 10% | Pay when the ground floor base is done. |
| Superstructure Slabs | 30% – 40% | Pay in equal parts as each floor roof is cast. |
| Blockwork & Plastering | 10% – 15% | Pay when wall building and plastering finish. |
| Finishing & Flooring | 5% – 10% | Pay when tile laying, painting, and fitting start. |
| Possession & Handover | 5% + Extra Taxes | Final payment when you get your house keys. |
Financial Planning & Custom Payment Options
Planning your money helps you know how much you need to pay at each stage of construction. Here is a simple table showing how you pay for a ₹70 Lakh flat over a standard 4-year building plan:
| Building Stage | Time Taken (Approx.) | Stage Payment % | Total Paid % | Total Amount Paid (Base Price) |
|---|---|---|---|---|
| Booking & EOI | Day 1 | 10% | 10% | ₹7.0 Lakhs |
| Agreement & Excavation | Year 1 | 20% | 30% | ₹21.0 Lakhs |
| Substructure & Slabs | Year 2 | 30% | 60% | ₹42.0 Lakhs |
| Masonry & Plastering | Year 3 | 20% | 80% | ₹56.0 Lakhs |
| Finishing & Handover | Year 4 | 20% | 100% | ₹70.0 Lakhs |
Note: These amounts show only the basic price of the flat. Government taxes, registration fees, and maintenance charges will be extra.
Additional Costs to Keep in Mind
Apart from the basic price of the flat, you must keep extra money ready for these costs:
- GST Tax: Government tax added on top of building costs.
- Stamp Duty & Registration: Fees paid to the Karnataka government to register the home in your name.
- Maintenance Deposit: A one-time fund taken during key handover to care for the park and clubhouse.
- Preferred Location Charge (PLC): Extra cost if you pick a higher floor or a flat with a nice park view.
- Parking & Utility Fees: Fixed charges for your covered car parking, power, and water connections.