Prestige Raintree Park Payment Schedule

Prestige Raintree Park Payment Schedule

The Prestige Raintree Park Payment Schedule offers customers an easy and convenient way to make cash payments in simple instalments without any burden. This payment plan is well structured and will be spread out over 4 years with 24 instalments. Every year, a buyer has to make 5 payments, including GST.

The payment plan for Prestige Raintree Park Whitefield will consist of instalments spanning 4 years from November 2024 to December 2028, as detailed below:

  • Instalment 1: When booking a property, the buyer must pay 10% of the total cost plus GST.
  • Instalment 2: Please ensure that you pay the next instalment of 10% + GST on the Allotment date.
  • Instalment 3: Please make the next instalment of 9.75% plus GST within a grace period of 3 months of booking.
  • Instalments 4 to 24: The rest of the 21 instalments are completed until the possession date (4 years) on a quarterly basis, with a 3.25% + GST.
  • Final Instalment: Final payment is made upon notification of possession, with a final and remaining payment of 2% plus GST.

A payment Schedule is a descriptive document that shows a breakdown of costs into smaller, manageable payments provided for a better understanding of the buyer. They provide an appropriate pay method, allowing buyers to spread costs to make small and manageable payments. It will help the buyers buy their dream home in monthly EMI for easy loan returns.

Prestige Raintree Park Varthur Road has the best payment plan to suit every buyer while giving them a great lifestyle. The project has many payment plans, and the buyers can discuss every plan with banks before making the decisions. Banks will approve all plans based on the buyer’s eligibility.

The payment plan will let buyers quickly book their dream apartment or villa. It lets each person buy their desired units, and all charges with guidelines for complete payment are there for an understanding of the payment plan. As the project completion is by the end of 2028, the Payment Schedule is in stages based on the project's construction.

The payment schedule is initiated when any unit is selected and booked. The booking amount confirms the particular unit to the buyer, and all required legal copies of the property are provided. Then, buyers can process the documents till the agreement stage. Then, an agreement will be signed with all the property-related particulars, like

  • Apartment/Villa Number
  • Interior Specifications
  • Car parking details
  • Total Built-up Area
  • UDS of the property
  • Total Amount
  •  
  • Amenities details
  • Possession Date.

The project is in the prelaunch stage, and the detailed payment plan will be announced after the launch to ensure buyer transparency. Prestige Raintree Park Bangalore offers flexible payment schedules to ease the burden on buyers and allows them to make suitable payments based on their financial capabilities.

Highlights of Prestige Raintree Park

TYPE APARTMENT
PROJECT STAGE PRE-LAUNCH
LOCATION WHITEFIELD, BANGALORE
BUILDER PRESTIGE GROUP
FLOOR PLANS 3, 4, & 5 BHK
TOTAL LAND AREA 107 ACRES
RERA ID APPLIED
LAUNCH DATE JUNE 2024
POSSESSION DATE 2027
PRICE 3.01 – 5.2 CRORE
NO. OF TOWERS 12
NO. OF PHASES 3 (PHASE 1 – 28 ACRES,PHASE 2 & 3 – 27 ACRES EACH)
FLOORS 6-7
UNITS 1368