The Prestige Place Mumbai Payment Plan

The Prestige Place Mumbai payment schedule divides your total flat cost into 10 simple stages of 10% each, so you only pay as work gets done on site. This keeps your hard-earned money safe because the builder only asks for funds after each step is complete and checked.

• Milestone 1 (10%): You pay this first token amount to pick and book your flat.
• Milestone 2 (10%): You pay this part when you sign your legal sale agreement.
• Milestone 3 (10%): You pay this when workers start digging the ground foundation.
• Milestone 4 (10%): You pay this once the ground plinth beam is set in place.
• Milestone 5 (10%): You pay this when the basement structure work starts.
• Milestone 6 (10%): You pay this as work begins on the podium and lower-tier floors.
• Milestone 7 (10%): You pay this when the main building concrete roof slabs finish.
• Milestone 8 (10%): You pay this when room plaster and inside floor tiles are done.
• Milestone 9 (10%): You pay this when bathroom pipes, water lines, and light wires are in place.
• Milestone 10 (10%): You pay the last 10% when you get your house keys in December 2031.

The Prestige Place Mumbai offers four clear flat types from 600 sq. ft. to 2,600 sq. ft., with prices starting at ₹99 Lakhs. The 2 BHK flat is the most common home here, making up almost half of all 2,900 flats across the whole 15-acre land area.

• 1 BHK Homes (580 Flats / 20% of Total): Sized from 600 to 700 sq. ft., these flats start at ₹99 Lakhs.
• 2 BHK Homes (1,305 Flats / 45% of Total): Sized from 900 to 1,100 sq. ft., these flats start at ₹1.49 Crores.
• 3 BHK Homes (870 Flats / 30% of Total): Sized from 1,400 to 1,700 sq. ft., these flats start at ₹2.81 Crores.
• 4 BHK Homes (145 Flats / 5% of Total): Sized from 2,200 to 2,600 sq. ft., these flats cost from ₹3.30 to ₹3.96 Crores.

Booking a home here takes an initial 10% token payment to lock your choice, followed by a second 10% payment when you sign the deal. These two early steps make up the 20% own-fund share you need before bank loans start to kick in.

You hand over basic ID proofs, your PAN card, and the token money to get a provisional booking slip from Prestige Group. When the formal paper agreement is ready, you pay your second 10% to register the flat in your own name.

Banks check this 20% paid proof before they release any loan funds for site work. Doing this early also locks in your pre-launch price of ₹16,500 per sq. ft., saving you from future price jumps.

Monthly maintenance costs ₹8 per sq. ft., and every owner pays a 24-month advance fee of ₹120 per sq. ft. before move-in day. This money goes straight into a bank account for the housing society to keep the land neat.

This 2-year advance pool keeps you safe from surprise bills while the new society gets set up. The regular monthly fee pays for security guards, sweeping, garden care, pool cleaning, and lift repairs.

Besides the flat price, you will also pay standard government duties and connection bills. These fees are added to your cost sheet during regular payment steps:

• Stamp Duty: 6% of the flat cost paid to the state government.
• Registration Fee: A flat rate of ₹30,000 for home registration.
• GST: 5% tax added to all under-construction stage bills.
• Meter and Parking: Extra costs for power meters, water connections, and car park spots.

A construction-linked plan keeps your financial risk very low by spreading 80% of your flat cost across five years of real site work. You do not have to pay full bank loan EMIs right away like you would in a lump-sum plan.

You only pay small interest fees on the exact money your bank releases for each completed building step. The builder cannot ask the bank for more cash without showing a signed engineer note that the work is truly done.

This gives you plenty of time to use your monthly savings, work bonuses, and family funds without feeling rushed. Having steady, clear 10% steps makes it simple to plan your family budget until you get your keys in December 2031.