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
25%
Less Regn Fees
Normally within 45 days of the likely commencement of the work.
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.