I have recently purchased a 2 BHK flat in an under-construction project in Bangalore. So, I can answer your question: is property payment based on construction progress or fixed date? For properties that are still under construction, property payments are based on the status of the project rather than a set completion date. This implies that builders can only ask for money after the project has reached the appropriate stage.
What is the RERA payment schedule for Under-Construction Flats?
When you reserve the flat, the first payment is usually a tiny booking amount.
The buyer must pay a portion of the total cost after the sale agreement is finalised between the buyer and seller.
The next phase of construction is the completion of the excavation and foundation. After finishing this stage, builders will request a specific percentage.
After the building's framework is completed, the builder will ask for another payment installment.
You must pay a certain percentage once the basic construction and brickwork are finished.
Now, you have to pay a percentage for plastering and other finishing tasks.
When the apartment is ready, the buyer can take possession after settling the remaining amount.
I hope you get an idea of how property payments work.
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Is Property Payment Based on Construction Progress or Fixed Date?
Tithi77
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5 months
2025-07-10T09:34:37+00:00 2025-07-10T09:34:39+00:00Comment
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