Prestige Evergreen Payment Plan

Prestige Group provides a flexible payment plan for Evergreen, designed to be convenient and aligned with the construction stages of the project. The Prestige Evergreen payment schedule is structured as a construction-linked plan (CLP) by default, which ties your installment payments to the progress of the building. This minimizes risk for buyers and ensures you pay in phases as your home is built. Below is an overview of the typical payment plan:

• Booking Amount – 10%: At the time of booking (expression of interest conversion to booking), you pay 10% of the sale price to reserve your apartment. This confirms your allotment.
• On Agreement – (within few weeks of launch): Often an additional 10% (minus booking) is payable when you sign the sale agreement after approvals. (Exact percentage as per builder’s policy.)
• Start of Construction – 10%: When construction commences on-site (post-launch, when excavation begins), another 10% payment is due.
• Upon Excavation Completion – 10%: At completion of foundation excavation work, next 10% installment.
• On Plinth Completion – 10%: When the plinth (base podium) is completed, pay the next 10%.
• On Basement Completion – 10%: After the basements are constructed, another 10%.
• On Ground Floor Structure – 10%: After the ground floor slab is cast, next 10%.
• On 1st Floor (or a specific mid-stage) – 10%: Essentially as the tower structure rises, another 10% is linked (could be at a certain number of floors completed).
• On Top Floor/Structural Completion – 10%: When the full structural frame of your tower is finished (all floors cast), pay the next 10%.
• On Flooring/Finishing Stage – 5% (approx): At this stage, internal plastering/flooring is underway; a smaller percentage may be collected.
• On Handover (Possession) – Remaining ~5%: The final balance (plus any additional charges like registration, stamp duty, etc.) is paid upon possession notice.

(The above is an illustrative breakdown; the actual sequence might merge some stages, but in essence it matches the 10% x 10 milestone plan Prestige listed.)

This construction-linked payment plan ensures that your outflows are spread over the project construction period. By the time you pay the last installment, the apartment is ready for you. It’s a risk-mitigated structure – you’re not paying 100% upfront, rather you pay as value is built.

Additional aspects of the payment plan:

• The booking 10% is generally non-refundable (with some conditions) if you cancel later, since it secures your unit.
• Prestige might also offer alternative plans. For example, sometimes a “Down Payment Plan” is available, where you pay a larger chunk (e.g., 80-90% within a short period) in return for a special discount. This suits those with ready funds or seeking maximum price benefit.
• No EMI till possession schemes: Occasionally developers tie up with banks to offer subvention plans (pay 20% now, 80% on possession, interest in between borne by developer). It’s not confirmed if such a scheme is present for Evergreen, but these are possibilities in the market.
• As per FAQs, Prestige (and other builders) even mention plans like “pay some amount now and nothing till possession” or “construction-linked vs time-linked plans”. It’s stated that they offer construction-linked, down payment, pay-now/nothing-till-possession options to cater to different customers. So you can discuss with the sales team which plan works best for you.

During the booking process, you will receive a Payment Schedule that explicitly dates each installment or ties it to a stage (e.g., “On completion of 10th floor slab, 5% by X date”). It will also cover payment of other charges (e.g., club fee due on a certain date, maintenance deposit due at possession, etc.).

Overall, the Prestige Evergreen payment plan is buyer-friendly, “convenient and risk-free”, spreading out payments in stages. An upfront 10% secures your home, and subsequent payments mirror construction progress, giving you confidence that you are paying for tangible development on your apartment. This structured approach, combined with available flexible options, ensures that financing your Prestige Evergreen home can be aligned with your financial planning without undue burden.