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Finance Pattern & Schedule
 

The old applicant (those who registered in 2007 during demand survey) has to pay 25% of cost of the house/flat initially with in three months and 75% of the cost in four stages may be bank loan if the applicant requests and desires so, APRSCL will act as facilitator for availing the bank loan.

The scheme is self financed which means allottees have to pay the cost in installments which are linked with the stage of physical progress of each project.

ONE project is given to one bank for giving 'home loan' to allottees. Initially the 'tentative cost' is notified. The final cost is calculated at the finishing stage of the project.

The schedule of the payment is as follows:
25% of the cost within three months of the allotment
30% of the cost on the grounding
18.15% of the cost of the basement level
18.75% of the cost at the roof level
7.50% of the cost at the finishing stage

The new applicants applying now has to pay 15% of the cost at the time of booking since all projects have been grounded already, the balance 10% within one month from the date of booking but for balance the same schedule as applicable to old applicants linked with physical progress level of the specific project.

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