Easy Installment Plans For Your Dream Home At Prestige Raintree Park

Prestige Raintree Park is a sumptuous mixed-use housing township project located in Whitefield, Bangalore. Its floor plan offers 1520 apartments in sizes of 3, 3.5, 4.5, and 5 BHK. These units' price begins at Rs 2.59 Cr onwards, and their payment plans are flexible. A Prestige Group project, Prestige Raintree Park offers an easy installments plan for the buyers.

An easy installment plan gives buyers a sense of surety and financial flexibility for their dream home. The venture offers premium flats that are spacious and built with care. These units serve as the best option for investment. Buyers can check out the brochure of the township to get more apartment details. It is a RERA-approved township site, and its RERA ID is PR/270824/006981.

The payment plan is well-organized and will be spread over 4 years with 24 installments. Buyers will need to make 5 payments each year, which will also include GST.

For Prestige Raintree Park, the installment schedule will run from November 2024 to December 2028, as outlined below:

1. First Installment: To book the property, buyers need to pay 10% of the total cost, along with GST.
2. Second Installment: The next payment of 10% plus GST must be made on the date of allotment.
3. Third Installment: Pay the next installment of 9.75% plus GST within 3 months of booking. This is done with a grace period allowed.
4. Installments 4 to 24: The remaining 21 installments will be paid every three months (quarterly) over the next 4 years. Each installment is 3.25% of the total cost plus GST.
5. Final Installment: The last payment, consisting of the remaining 2% of the total cost plus GST. This is due when you receive the possession notice for the property.

There are other payments as well that the buyers have to make in different stages, which include:

1. Excavation Phase: Pay 10% of the total cost during the excavation stage. This sets a strong foundation for your home.
2. Plinth Construction: Once the plinth is completed, another 10% is due. This helps in establishing a solid base for the structure.
3. Development of Basement: Pay 10% when the basement is built. This adds value and practical space to the property.
4. Construction of Ground Floor: Another 10% will be used to support the construction of the main living areas on the ground floor.
5. Construction of 1st floor: Pay 10% when the first floor is being constructed. This contributes to the overall layout of the building.
6. Flooring: During the flooring stage, you will contribute another 10%. This will enhance both the look and function of the home.
7. Plumbing: Another 10% is due when the plumbing systems for water and sanitation are being installed.

The luxurious apartments also include monthly maintenance charges based on their per sq. ft. area. These charges are mandatory to be paid by the buyers.

There are many benefits of an installment plan for your dream home. These are:

1. Manageable Payments: Buyers can spread the cost over time, making it easier without paying upfront.
2. Less Financial Stress: Spreading out payments reduces the pressure of a large upfront cost.
3. Easier Home Ownership: Payment plans let you buy a home sooner without saving for years for a lump sum.
4. Flexibility: The payment plan gives a flexible way to pay for the home.

Highlight of Prestige Raintree Park