For homebuyers looking for a structured and risk-free payment option, the construction-linked payment plan at Prestige Avon offers financial flexibility while ensuring payments are made in sync with the project’s progress. This plan allows buyers to pay in stages, reducing financial stress and aligning payments with the development timeline.
What is the Construction-Linked Payment Plan?
A construction-linked plan (CLP) is a payment structure where buyers pay in installments based on the project’s construction milestones. This ensures financial security, as buyers only pay when the project reaches specific phases.
Benefits of Prestige Avon’s Construction-Linked Payment Plan
- Risk-Free Payments – Buyers only pay as the construction progresses, reducing concerns about project delays.
- Lower Initial Payment – The initial booking amount is lower than full or down payment plans, making it accessible.
- Home Loan Compatibility – The CLP is bank-friendly, allowing buyers to pay EMIs gradually instead of in bulk.
- Financial Flexibility – Buyers can plan their finances better without the burden of a huge upfront cost.
- Secured Investment – Since payments are tied to construction stages, buyers pay only for completed work.
Prestige Avon Construction-Linked Payment Plan Structure
Construction Stage | Payment Percentage |
---|---|
Booking Amount | On Request |
On Agreement Signing | 10% – 15% |
On Completion of Foundation | 10% |
On Completion of Ground Floor | 10% |
On Completion of 10th Floor | 10% |
On Completion of 20th Floor | 10% |
On Completion of Superstructure | 10% |
On Start of Internal Finishing | 10% |
On Completion of Flooring & Fixtures | 10% |
On Handover & Possession | Balance Amount + Registration & Taxes |
(*Exact percentage may vary based on developer’s final terms.)
Who Should Opt for the Construction-Linked Plan?
- First-Time Homebuyers – Buyers looking for a low financial burden with gradual payments.
- Loan Applicants – Ideal for buyers financing their purchase through home loans, as payments align with bank disbursals.
- Long-Term Investors – Those who don’t want to block a huge sum upfront but want to invest in a high-value property.
- Buyers Wanting Security – Payments based on actual progress ensure the project stays on track.
Why Choose Prestige Avon’s CLP Plan?
- Pay as Construction Progresses – No need to make large payments at once.
- Less Financial Pressure – Payments spread over multiple years till possession.
- Secured Investment – Ideal for end-users and investors.
- Prestige Group’s Transparency – Backed by a reliable developer with a strong track record.
Conclusion
The construction-linked plan at Prestige Avon is perfect for those looking for a balanced, secure, and financially convenient payment option. With gradual payments aligned to construction milestones, buyers can own a luxury apartment in Thanisandra Road, Bangalore, without financial strain.