Property Buyer Must Ask : Payment Plan - What Are The Terms of the Application Form..

Question:  Payment Plan  - What Are The Terms of the Application Form..

In the property buying application form, pay attention to the payment plan.

Is the builder/ developer asking for a large portion of the cost of the flat (apartment) at an early stage of construction Stick to a construction-linked payment plan.

Nowadays, many developers / promoters offer plans where a substantial portion of the cost has to be paid after possession.


Such plans are favourable to the property buyer as they compel the developer / promoter to hand over possession at the earliest.


Src: ET
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