Nambiar District 25 Payment Plan
With the introduction of Nambiar District 25 where buyers pay 10% GST during booking and are led for an allocation letter, there is a major shift in the view towards payment schemes. The value of subject property will be evenly balanced and paid over four years in easy installments.
With this structured plan in place, now no buyer has to think twice before buying their dream home as it is easier for them to pay without having any financial burden. There is also a variety of payment plans offered by Nambiar that include time based and construction based plans that cater a wide audience. The eight round pace is set to ten rounds over four years from November 2024 to December 2028.
Payment plans are critical in real estate development since they serve as guides on the time for payment, payment pricing details and the installment plan thereby, eliminating confusion during construction. A future investment on a property that is still under construction is also risk-free having such a comprehensive payment roadmap.
Payment Breakdown for Nambiar District 25 (As per RERA Guidelines):
- Booking: Pay 10% of the total property cost.
- Construction Start: Another 10% of the total is due.
- Phase 1 Completion: Pay an additional 10%.
- Construction Progress: Regular 10% installments continue, covering 70% of the project value by completion.
- Post-Development: Pay 15% of the total cost after project completion.
- Interiors and Electrical Work: An additional 10% is due.
- Possession Time: The final 5% is payable.
Located in East Bangalore on Sarjapur Road, Nambiar District 25 is a premium project by Nambiar Builders. The developers offer flexible payment plans to suit buyers and have partnered with leading national banks to provide financial assistance to eligible buyers.