Allotment Letters indicating amount to be paid in each installment will be issued in such a way that generally a clear period of 45 days is available to the Registrants for arranging payment. The pattern of payments will generally be as given below:-
Installment | Percentage of Estimated Cost of DU + Parking Space (If Allotted) |
Last Date of Payment |
---|---|---|
I | ||
II III IV |
25% 25% 20% |
Normally at six monthly interval after last date of payment of first installment. It may vary depending upon the period of completion of project as per the contract etc. |
V | 5% | Normally three months before contractual probable date of completion. |
Note : the percentage shown above, may vary depending upon payment schedule of land cost. | ||
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