Godrej Madison Avenue Payment Plan

Godrej Madison Avenue payment plan begins at Rs. 2.34 Cr onwards and gives buyers an easy way to pay in installments. The plan is scheduled for payment in 4 years of duration in various installments. The buyers have to pay 10% of the total amount during the booking of the flats. It shows the GST, maintenance charges and other charges that the buyers have to pay. The plan linked with the project begins from launch, that is, Jan 2025 to Dec 2029. It is set as per the RERA guidelines to give buyers an easy payment mode.

For under-construction projects, the RERA has given certain guidelines to avoid fraud. The Godrej Madison Avenue's payment plan will comprise the steps listed below:

• Booking: Pay 10% of the total flat price at the time of booking.
• Construction Start: Pay 10% when construction begins.
• Excavation: Pay 10% during the excavation stage.
• Plinth Work: Pay 10% when the plinth is completed.
• Basement Construction: Pay 10% during basement construction.
• Ground Floor Construction: Pay 10% when the ground floor is being built.
• First Floor Construction: Pay 10% when the first floor is being built.
• Flooring Work: Pay 10% at the flooring stage.
• Plumbing Work: Pay 10% during plumbing installation.
• Possession: Pay the final 10% at the time of possession.

A payment plan is a structured way to pay off a debt or purchase over time. It allows buyers to make payments in installments instead of paying the full amount at once. In a common payment plan, buyers first pay 10% of the total amount at the time of booking. Then, 80% of the amount is paid over the next five years. The final 10% is paid when the property is handed over to the owner.

Real estate payment plans help investors and home buyers by reducing financial stress, allowing them to pay in monthly or half-yearly installments.

Usually, there are 2 types of payment plans offered by the builders:

- Payment plans based on construction progress (payments made at different stages of construction).

- Payment plans based on time (payments made every 3 or 6 months).

Godrej Madison Avenue, Kokapet, offers flexible payment plans to suit every buyer while ensuring a great lifestyle. Buyers can choose from different payment options and discuss them with banks before making a decision. Banks will approve the plans based on the buyer’s eligibility.

The payment plan makes it easy for buyers to book their dream apartment and allocate their financial resources. It provides clear details on charges and payment guidelines. Since the project is set to be completed by the end of 2029, the payment schedule is divided into stages based on construction progress.