A real estate payment plan is a detailed breakdown of payment portions at different intervals based on the development of the project. There would be about 10-12 payment schedules for any high rise building.
Mahindra Zen pricing starts at 1.78 crores onwards. The detailed payment plan will be available during the launch of the property. It will have a split of payments made as per the home configuration, such as 1 BHK, 2 BHK, 3 BHK, and 4 BHK payment plans.
| Type | Apartments |
|---|---|
| Project Stage | Prelaunch |
| Location | Manipal County, Bangalore |
| Builder | Mahindra Lifespaces |
| Floor Plans | 3,4 BHK |
| Price | Rs. 1.78 Cr* Onwards |
| Total Land Area | 4 Acres |
| Total Units | 250+ |
| Size Range | 1800 - 2400 Sq Ft |
| Approvals | NA |
| RERA No | Applied |
| Launch Date | Onrequest |
| Payment Plan | 2027 Onwards |
Below is the format of payment schedule on different stages of the property development
| PAYMENT SCHEDULE | DETAILS | % |
|---|---|---|
| 1 | Booking | 5% |
| 2 | 45 days from booking | 5% |
| 3 | Basement | 10% |
| 4 | Completion of 8th floor | 10% |
| 5 | Completion of 12th floor | 10% |
| 6 | Completion of 16th floor | 10% |
| 7 | Completion of 20th floor | 10% |
| 8 | Completion of 24th floor | 10% |
| 9 | Completion of Brick Work | 10% |
| 10 | Plastering | 10% |
| 11 | Possession stage | 10% |
The payment schedule starts when one books or confirms to buy the property from the builder. At this point, the home buyer will be provided with a copy of all the legal documents relevant to the project. The investor can do research or go for legal verification to validate the authenticity of the property.
The home purchaser will be given 45 days after booking the project for the next payment. By this 45 days period, the investor gets ample time to decide and validate if he wants to proceed with the buying. Most of the payments in residential apartment complexes are based on the floor levels. Mahindra Zen, the lavish community, will stand tall with G+25 floors. Thus, as per the floor level, the amount will be due.
If the buyer is looking for feasible internal customization, it should be informed before the plastering stage to avoid any additional or rework costs.
The possession date will be the last payment a buyer will be making towards the purchase. Therefore, by this time, one should make sure they have the flat registration copy on their name, legal documents, and payment clearance certificate from the builder.
Disclaimer: Any content mentioned in this website is for information purpose only and Prices are subject to change without notice. This website is just for the purpose of information only and not to be considered as an official website.
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