Flexible Payment Options

Prestige Palm Court Payment Plan follows a 10:10:75:5 construction-linked schedule. Buyers have to pay 10% of the apartment cost at booking, 10% during the sale agreement, 75% in instalments linked to construction progress and the final 5% at possession.

The payment schedule applies to 1, 2 and 3 BHK apartments in Prestige Palm Court, Madhavaram. Apartment prices start at Rs. 72 Lakhs for 1 BHK, Rs. 1.25 Cr for 2 BHK, Rs. 1.60 Cr for 3 BHK + 2T and Rs. 1.99 Cr for 3 BHK + 3T.

Construction Linked Payment Plan (CLP)

The Construction Linked Payment Plan allows buyers to pay the major part of the apartment cost in stages as construction progresses. The confirmed payment structure available in the Prestige Palm Court home page data is given below:

The 75% construction-linked amount will be collected in instalments based on the construction milestones mentioned in the final payment schedule. The exact milestone breakup will be provided in the official cost sheet and sale agreement.

How the Prestige Palm Court Payment Plan Works

The buyer first pays 10% of the apartment cost to confirm the booking. Another 10% is payable when the sale agreement is executed. The next 75% is divided across construction stages, and the remaining 5% is paid when the apartment is ready for possession. This plan reduces the need to pay the entire apartment cost at the beginning. It also connects the larger payments with the actual construction progress of the project.

Prestige Palm Court EOI Amount

The Expression of Interest amount for Prestige Palm Court is Rs. 1 Lakh. The EOI is stated to be fully refundable under the current pre-launch terms.

The EOI amount is separate from the Prestige Palm Court Payment Plan. It records the buyer’s interest before unit allotment and should not be described as the booking payment or the first instalment of the 10:10:75:5 schedule.

Buyers should collect an official receipt and check the written EOI refund conditions before making the payment.

Payment Plan Based on Apartment Price

The above calculation is based only on the indicative starting apartment prices. It does not include GST, stamp duty, registration, parking, floor-rise charges, PLC, maintenance deposits or other applicable costs.

Home Loan Assistance

Buyers may apply for a home loan after the required project approvals and bank due- diligence process are completed. Loan eligibility, interest rate, tenure and sanctioned amount will depend on the buyer’s income, credit profile and the lending bank’s rules.

No specific partner bank, interest rate, 90% loan approval or 30-year tenure should be treated as confirmed until it is officially announced by the developer or lending institution.

Payment Milestones and Documentation

At every payment stage, buyers should collect and verify the relevant documents:

• Booking: Booking form, allotment details and payment receipt
• Agreement: Sale agreement and final payment schedule
• Construction payments: Official demand letter and payment receipt
• Possession: Possession letter and applicable handover documents

Every demand letter should clearly mention the construction milestone, amount payable, due date and official project bank account.

Additional Charges Not Included in the Payment Plan

The 10:10:75:5 payment schedule generally covers the basic apartment cost. The following charges may be collected separately as per the official cost sheet:

• GST at the applicable rate
• Stamp duty and registration charges
• Floor-rise charges
• Preferential Location Charges, if applicable
• Car parking charges
• Clubhouse or amenity charges, if charged separately
• Maintenance deposit and advance maintenance
• Legal, documentation and other statutory charges

Buyers should request the complete cost sheet before booking to understand the total amount payable apart from the base apartment price.

Important Payment Information

All payments should be made only to the official project bank account mentioned in the developer’s demand letter or payment instructions.

• GST, stamp duty, and registration charges are payable at applicable stages.
• Delay in payment may attract interest charges.
• Payment receipts will be issued for all transactions.

Buyers should not make payments to an individual employee, broker or an unverified third- party account. The final payment dates, construction milestones and delay charges will be governed by the signed sale agreement.

Contact for Payment Assistance

Please fill out the inquiry form with your phone number and email ID to receive the latest Prestige Palm Court Payment Plan, cost sheet and construction-linked milestone schedule.

You can also visit the sales office at the project site on Grand Northern Trunk Road, KKR Nagar, Ponniammanmedu, Madhavaram, Chennai, Tamil Nadu 600110.