Pricing and Payment Plans for 4 BHK Apartments at Prestige Southern Star

Flexible and Transparent Options for Your Dream Home

Prestige Southern Star offers competitive pricing and flexible payment plans for its luxurious 4 BHK apartments. Here’s an overview to help you understand the costs and payment options available:

Pricing Details

1. Base Price
   • Starting Price: ₹3.3 Cr* onwards
   • Price Range: Depending on the specific unit size, floor, and view, the price can go up to ₹5 Cr*.
2. Size Variations
   • Standard 4 BHK: 2451 sq. ft. – 2588 sq. ft.
   • 4 BHK with Studio: 2924 sq. ft. – 2956 sq. ft.
   • 4 BHK with Studio and Home Office: 3503 sq. ft. – 3709 sq. ft.
3. Additional Costs
   • Car Parking: Included in the base price for most units.
   • Clubhouse Membership: Usually included but check for any additional fees.
   • Maintenance Charges: Monthly charges based on the area of the apartment.
   • Sinking Fund: A one-time payment collected at the time of purchase.

Payment Plans

1. Construction Linked Payment Plan (CLP)
   • Initial Payment: 10% on booking.
   • Subsequent Payments: Linked to the progress of construction (e.g., 20% on completion of foundation, 20% on completion of structure, etc.).
   • Final Payment: Balance on possession.
2. Down Payment Plan (DPP)
   • Initial Payment: 10% on booking.
   • Down Payment: 80% within 30 days of booking.
   • Final Payment: Balance 10% on possession.
3. Time-Linked Payment Plan
   • Fixed Schedule: Payments are made on a predetermined schedule regardless of construction progress.
   • Typical Structure: 10% on booking, 10% within 3 months, 10% within 6 months, and so on.
4. Possession Linked Payment Plan (PLP)
   • Initial Payment: 20% on booking.
   • During Construction: Minimal payments (e.g., 10% every six months).
   • On Possession: Balance payment of up to 70%.

Financing Options

1. Home Loans
   • Partner Banks: Prestige Group has tie-ups with leading banks for home loan processing.
   • Interest Rates: Competitive interest rates with flexible tenure options.
   • Pre-Approval: Assistance with obtaining pre-approval for loans to expedite the buying process.
2. EMI Options
   • Equated Monthly Installments: Based on the chosen payment plan and loan structure.
   • Flexible Tenure: Options ranging from 10 to 30 years depending on eligibility and financial planning.

Benefits of Different Payment Plans

1. Construction Linked Plan (CLP)
   • Flexibility: Payments spread over the construction period.
   • Risk Mitigation: Payments linked to construction progress ensure financial safety.
2. Down Payment Plan (DPP)
   • Discounts: Often, buyers opting for DPP receive discounts on the base price.
   • Quick Possession: Faster payment completion can lead to quicker possession.
3. Time-Linked Plan
   • Predictability: Fixed payment schedule helps in financial planning.
   • Simplicity: Easy to follow and manage payment timeline.
4. Possession Linked Plan (PLP)
   • Minimal Upfront Cost: Lower initial outflow and higher payment at possession.
   • Financial Planning: Allows time for arranging funds or selling existing property.

Conclusion

Purchasing a 4 BHK apartment at Prestige Southern Star is made convenient with various pricing and payment plans tailored to suit different financial needs. Whether you prefer the flexibility of construction-linked payments or the predictability of time-linked plans, there’s an option for everyone. Explore these plans and choose the one that best fits your financial strategy to secure your dream home.