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Brooksville

 

The Payment Schedule during the construction process shall be as follows:

 

Schedule for a Villa  in Magnolia Brooksville, Electronic City, Bangalore

 

 

 

Payment Schedule:

 

 

 

 

 

 

 

Booking Amount

 

1000000

 

 

 

 

Milestone 1. Down Payment: ( Including Booking Advance )

 

15%

{Within 30days from the Date of Booking}

 

 

 

 

 

 

 

Milestone 2. After Completion of foundation work (Culumn footing)

 

15%

 

 

 

 

Milestone 3. After Completion of basement

 

15%

 

 

 

 

Milestone 4. After casting ground floor slab

 

20%

 

 

 

 

Milestone 5. After casting first floor slab

 

15%

 

 

 

 

Milestone 6. After Completion of Plastering

 

10%

 

 

 

 

Milestone 7. After Completion of Flooring painting and all the pending works

 

05%

 

 

 

 

Milestone 8. Balance (before the registration)

 

05%

 
Payment for Registration fee and Stamp duty shall be made to the Developers at least 30 days prior to the date of registration on request from the Developers.
 

The Maintenance Advance for 10 years must be paid in full before taking possession of the unit.
All payments towards modifications / alterations & improvements must be cleared in full along with Milestone 7 i.e.

A statement shall be sent to the Purchaser after completion of the penultimate milestone (Internal Plaster), and at this point, all payments / dues must be cleared upto date leaving aside only the final installment payable on handover

Any delay beyond milestone attract a penal interest @ 1.5 % per month (18 % per annum).

Note: The milestones shall pertain to the Schedule – E Property only.