Purva Cityspire Payment Plan

The Purva Cityspire payment plan is an easy 10:80:10 stage-wise plan where you pay 10% down at booking, 80% in small parts as site work finishes, and the last 10% balance upon Occupancy Certificate (OC) receipt at handover. This payment model covers 1, 2, 3, and 4 BHK luxury apartments located in Bellandur, with floor sizes ranging from 700 to 3,200 sq ft at a base cost of ₹13,000 per sq ft.

Total starting property costs run from ₹97.5 Lakh up to ₹3.38 Crore across two tall towers that feature G+35 and G+38 floors over a green 6-acre land area. Tying 80% of your total home cost directly to real site work—like ground digging, floor and roof casting, brick walls, and wire work—protects your money from delays. This setup also stops early bank payouts and keeps your pre-EMI loan interest low while the towers go up.

You only pay as you see the building go up, step by step. State RERA rules also protect the builder's bank account, so your money stays safe, and you keep full control until your home is ready.

Structure of the 10:80:10 Construction-Linked Payment Framework

With this 10:80:10 plan, you pay for your home in three easy steps as the work gets done. You do not have to pay a lot of money upfront. This keeps your cash safe and saves you from paying heavy bank interest while you wait for your keys.

• Booking and Allotment Stage (10%): Pay the booking amount to reserve your flat. You then sign the Sale Agreement within 30 to 45 days. This confirms your flat number, records the agreed base price per sq ft, and starts the legal paperwork.
• Construction Stage (80%): Pay the next 80% in stages as construction moves ahead. These payments cover work such as basement digging, roof slabs, brick walls, and painting. The builder collects each payment after the site engineers check the work and approve the stage.
• Handover and Settlement Stage (10%): You pay this final balance only when the building is fully ready and gets its official Occupancy Certificate (OC). This gives you strong peace of mind that all rooms, elevators, and gardens match what was promised before you make your last payment.

Unit-Wise Pricing and Staged Payment Schedule

Flats at Purva Cityspire start at ₹13,000 per sq ft, and you pay in easy stages as the building work moves ahead. With around 500 flats being built, you can easily pick a home that fits your budget and your family.

Detailed Milestone Disbursal Stages

You pay that 80% share in small, easy steps as the real work gets done on site. The bank only sends out money after the site engineers check the work and say it is ready.

• Substructure and Foundation (15%): You pay 5% when site ground digging finishes and 10% once the thick concrete base slabs of the double basement are poured.
• Superstructure Slabs (35%): You pay this part in 7 equal steps of 5% each as concrete roof slabs are cast across the G+35 and G+38 high towers.
• Blockwork and Plastering (15%): You pay 5% when room brick walls are built, 5% when inner wall cement is smoothed, and 5% when outside wall coats dry.
• Finishes and Utility Fitments (15%): You pay 5% when floor tiles are laid, 5% when pipes and electrical wires go into the walls, and 5% when lifts and fire safety pumps are set up.

Statutory Taxes, Incidental Charges, and Extra Costs

Beyond the basic unit price, buyers should plan an extra 8% to 12% cash to cover state taxes and basic utility hookups. Knowing these extra bills from day one keeps your home budget safe from surprise expenses.

• GST: You pay a flat 5% tax on your new flat while it is being built.
• Stamp Duty and Registration: Set aside about 5.1% to 5.6% for stamp duty and 1% for state registration to register your home in Karnataka.
• Infrastructure and Utility Fees: These are one-time charges that pay for your BESCOM electricity lines, BWSSB drinking water pipes, drain systems, and piped gas meters.
• Clubhouse and Amenities Fee: A one-time charge that lets you and your family use the big 20,000 sq ft clubhouse, pool, play parks, and gym.
• Maintenance and Sinking Fund: You pay common maintenance fees for the first 12 to 24 months up front, along with a small cash backup fund for the society.

Bank Home Loan Disbursals and Pre-EMI Structures

Top public and private banks offer pre-approved home loan plans for Purva Cityspire, funding up to 75% to 80% of your total agreement value. These home loans release money directly to the builder only as new construction demands come up.

• Pre-EMI Interest Only: You pay simple monthly interest only on the money the bank has sent out so far. This keeps your monthly outflow low while your flat is still being built.
• Full EMI Transition: Your regular monthly EMI—paying both the borrowed loan balance and monthly interest—starts only after the builder gives you your keys.
• Milestone Demand Notices: Banks send money straight to the project bank account only when they see signed engineer reports. This double-check keeps your loan cash safe from fast, unearned payouts.
• Pre-Approved Lenders: Major banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Axis Bank have ready desks set up to clear project papers quickly.

Comparison of Real Estate Payment Plans

Comparing standard builder payment plans shows why a construction-linked plan is the safest way to buy a home today:

Buyer Verification and Booking Workflow

Booking an apartment under the Purva Cityspire payment plan follows six clean, step-by-step actions that keep your deal clear and legal.

• Selection and Token Reservation: Pick the flat size, tower floor, and balcony view you like best, then pay your initial token money.
• Document Scrutiny and KYC Submission: Hand over your PAN card, Aadhaar card, home address proof, and passport photos for the builder's record books.
• Formal Allotment Letter: Get your signed allotment paper showing your tower name, flat number, floor space, and car park slot.
• Execution of Sale Agreement: Pay the rest of your 10% booking money and sign your official Sale Agreement.
• Bank Loan Formalization: Give your flat agreement papers to your chosen bank to get your loan sanction letter and sign the tripartite pact.
• Milestone Monitoring to Handover: Pay your stage bills as construction demand letters arrive, check the finished flat, and pay your last 10% balance when the Occupancy Certificate is ready.

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