Venkatesh Vanaya Payment Plan
The Venkatesh Vanaya payment plan is a structured, construction-linked payment schedule designed by Shree Venkatesh Buildcon to provide financial flexibility for home buyers investing in their 10-acre tropical township in Central Kharadi, Pune. Grounded in transparent MahaRERA guidelines, this payment structure links installment releases directly to verifiable site construction milestones—from foundation excavation to top slab casting and final key handover. By spreading financial commitments across the multi-year construction lifecycle, buyers can optimize home loan disbursements, manage personal cash flows, and secure 2, 3, or 4 BHK residences with ease.
Standard Construction-Linked Payment Plan (CLP) Breakdown
Under MahaRERA regulations, the construction-linked payment plan protects home buyers by ensuring that capital is requested only after specific structural work is completed on-site.
Below is the typical percentage-wise payment breakdown followed across project phases:
| Milestone Stage | Construction Status / Event | Cumulative Payment Percentage |
|---|---|---|
| Booking Amount | Token submission (Gold or Platinum Token) | 10% (Includes EOI amount) |
| Agreement Registration | Execution of sale agreement & stamp duty payment | 10% |
| Foundation & Plinth | Completion of excavation, piling, and plinth slab | 15% |
| Podium & Lower Slabs | Completion of basement and podium level casting | 10% |
| Upper Floor Slabs | Staggered payments across G+21 tower floor slabs | 25% (Distributed per slab) |
| Walls & Plaster | External brickwork, internal plastering, and piping | 10% |
| Flooring & Finishing | Tiling, doors, windows, and lift installation | 10% |
| Final Handover | Occupancy Certificate (OC) issuance & key handover | 5% |
Additional Outlays & Government Levies
When calculating your overall budget for Venkatesh Vanaya, note that the base unit price forms the core cost, while regulatory and infrastructure charges are collected separately as per government standards:
- Stamp Duty & Registration: Payable to the Maharashtra State Government at the time of agreement registration (typically 6% to 7% depending on prevailing state notifications and gender concessions).
- Goods & Services Tax (GST): Applicable at 5% for under-construction residential properties without affordable housing abatement.
- Property Charges (PLC & Floor Rise): Prime Location Charges (PLC) apply to special garden- or pool-facing apartments, alongside standard per-floor elevation charges.
- Maintenance & Legal Deposit: A one-time advance maintenance deposit and legal documentation fee collected at the time of final possession.
3. Bank Tie-Ups & Home Loan Financing
To streamline the loan approval process, Shree Venkatesh Buildcon collaborates with leading nationalized and private financial institutions like State Bank of India (Low Interest Rates), HDFC Bank / ICICI (Fast Pre-Approvals), and Axis Bank / PNB (Flexible Tenure Options).
- Pre-Approved Project Status: Because the project has cleared legal, title, and MahaRERA checks, banks process home loan applications with minimal document friction.
- Tranche-Based Disbursement: Banks release funds directly to the developer's designated MahaRERA escrow account strictly upon submission of architect-certified slab completion certificates.
- Flexible EMI Structures: Home buyers can choose standard construction-linked EMIs or explore flexible pre-EMI schemes offered by participating lenders.
