In a construction-linked plan you pay in instalments tied to building stages, such as the agreement, plinth, slabs and possession. RERA limits the advance to 10% before a registered agreement, and the agreement sets out the schedule. Your home loan is disbursed stage by stage, so the EMI grows as construction progresses.
How it works
- Booking amount, capped at 10% before the registered agreement.
- Instalments on agreement and on construction milestones listed in the schedule.
- Final instalment on possession.
- Each demand should come with an architect's certificate of the stage reached.
Planning your cash flow
- Ask for the full schedule before booking.
- Know which instalments come from your own money and which from the loan.
- Budget pre-EMI interest during construction.
- Keep a buffer for GST and stamp duty.
For business owners
- Map instalments against seasonal cash flows.
- Read the agreement's interest on late payment and cancellation clauses.
- Decide the buyer entity (individual, joint, HUF, company) before the agreement.
How this applies to Godrej Elanor
- MahaRERA PR1260002602617; Godrej Properties Ltd is the promoter. Proposed completion 30 Sep 2032.
- 3 BHK Premium 1,270 to 1,280 sq ft and Luxe 1,310 to 1,320 sq ft carpet; indicative ₹1.90 to 2.09 crore all-in (sales team, 12 Nov 2026; confirm on the official cost sheet).
- Nande–Balewadi Road, in the Mahalunge corridor between Baner–Balewadi and Hinjewadi Phase 1.
Frequently asked questions
What is a construction-linked payment plan?
A schedule where you pay in instalments tied to construction stages, from booking to possession.
How much can a builder take as booking amount?
Under RERA, no more than 10% of the price before a registered agreement for sale.