A typical flat payment schedule includes the final 5% to 10% payment until the builder receives the Occupancy Certificate (OC) and is ready to hand over the property. Before completing this payment, you need to make sure that everything is complete and matches what was promised. Also, do not confuse possession and registration. They are independent steps with their own checks, papers, and expenses. So make sure you understand what you need to pay and do at each level.
What Does a Construction-Linked Payment Plan Usually Look Like?
- Booking amount:
When signing the agreement, pay a down payment anywhere between 10% and 20%.
- Foundation stage:
Pay an additional 10% to 15% once the foundation or plinth work is completed.
- Structural work:
Make payments of 50% at predetermined stages, such as completion of floors or slabs.
- Finishing stage:
When flooring, fittings, and external work are near completion, you can pay between 10% and 15%.
- Possession payment:
Keep the remaining 10% until the home is ready for handover and you have finished your inspection.
- Registration payment:
Pay the remaining 10% related to sale deed registration, as stated in the agreement.
The exact split varies per builder and project. Thus, buyers should receive a written payment calendar as part of the selling agreement, rather than a verbal breakdown.
What should You Check Before Flat Possession?
Before you make the final payment, inspect the flat to ensure that the work is completed and meets the agreement. Request an Occupancy Certificate (OC), if necessary, and a documented breakdown of all outstanding dues and charges. Confirm whether registration takes place before or after possession, and thoroughly review the sale deed before signing. Finally, gather the possession letter, keys, and property paperwork. I hope this answers your questions.
Get Your Builder Documents and Payment Schedule Reviewed Before You Pay by NoBroker Property Lawyer.
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How should my payments line up with possession and registration?
randhiv55
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2026-08-19T16:10:23+00:00 2026-08-19T16:27:15+00:00Comment
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