Payment Terms Industrial

Milestone Amount Payable to Assignor (EIC)
On booking & signing of Agreement 10% of Consideration Amount
On Completion of Plinth 20% of Consideration Amount
On Completion of Ground Floor slab 15% of Consideration Amount
On Completion of First Floor slab 15% of Consideration Amount
On Completion of Second Floor slab 15% of Consideration Amount
On Completion of Third Floor slab 15% of Consideration Amount
On Completion of Finishing’s & Utilities 5% of Consideration Amount
On Possession 5% of Consideration Amount

Payment Terms Residential

Milestone Amount Payable to Assignor (EIC)
On booking & signing of Agreement 10% of Consideration Amount
On Completion of Plinth 5% of Consideration Amount
On Completion of First Floor slab 5% of Consideration Amount
On Completion of Second Floor slab 5% of Consideration Amount
On Completion of Third Floor slab 5% of Consideration Amount
On Completion of Fourth Floor slab 5% of Consideration Amount
On Completion of Fifth Floor slab 5% of Consideration Amount
On Completion of Sixth Floor slab 5% of Consideration Amount
On Completion of Seventh Floor slab 5% of Consideration Amount
On Completion of Eight Floor slab 5% of Consideration Amount
On Completion of Ninth Floor slab 5% of Consideration Amount
On Completion of Tenth Floor slab 5% of Consideration Amount
On Completion of Eleventh Floor slab 5% of Consideration Amount
On Completion of Twelfth Floor slab 5% of Consideration Amount
On Completion of Thirteenth Floor slab 5% of Consideration Amount
On Completion of Terrace slab 5% of Consideration Amount
On Completion of Brick work & Plaster 5% of Consideration Amount
On Completion of Finishing’s & Utilities 5% of Consideration Amount
On Possession 5% of Consideration Amount

Note:

  • Consideration Amount is the Basic Sale Value of the unit.
  • Following other charges are payable in addition to the Basic Sale Value:
    • 12 months maintenance charges
    • 4 months security deposit
    • MSDCL meter charges
    • Power & water connection charges
    • Society formation charges
    • Club Membership fee
    • MIDC Transfer NOC fee
    • Consent to Mortgage fee
    • Tri-partite NOC fee
    • Legal Fee, Stamp Duty & Registration charges

Please contact authorized representative for latest on the payment terms & other charges applicable to Industrial & Residential Units.