Scheme below is being relaunched with attached payment plan. Project has been divided into 3 phases based on progress of construction and payment plan has been decided accordingly.
Please go through the features below
Scheme starts for logins : Immediate
Scheme ends for logins : 15th April 2013
All cases to be disbursed : 30th June 2013
Please go through the features below
Scheme starts for logins : Immediate
Scheme ends for logins : 15th April 2013
All cases to be disbursed : 30th June 2013
Salient features of the scheme are as follows :
Scheme is available for all fresh bookings in individual name.
Standard ARHL rates as per loan slab will apply to all loans.
LCR is to be maintained at 80% of property cost
Cost components to include all costs excluding IFMS
No pro-rata disbursements can be done under the scheme.
No Insurance funding to be done
No Tranching of loan to be done
Disbursement Pattern under the scheme
Payment Plan for Phase 1 & 2
DEMAND AND CORRESPONDING STAGE OF CONSTRUCTION
ON BOOKING
WITHIN 60 DAYS 7.5% OF COST
ON COMMENCEMENT OF EXCAVATION 7.5% OF COST
ON COMMENCEMENT OF FF SLAB : 10 % OF COST
ON COMMENCEMENT OF 4TH FLOOR SLAB : 10% OF COST
ON COMMENCEMENT OF MASONRY WORK 7.5% OF COST
ON COMMENCEMENT OF 6TH FLOOR SLAB : 7.5% OF COST
ON COMMENCEMENT OF 10TH FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF TOP FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF EXTERNAL PLASTER 10% OF COST
ON COMMENCEMENT OF EXTERNAL FLOORING 10% OF COST
ON OFFER OF POSSESSION 10% OF COST 5% OF COST
:
Payment Plan for Phase 3
DEMAND AND CORRESPONDING STAGE OF CONSTRUCTION
ON BOOKING 7.5% OF COST
WITHIN 60 DAYS 7.5% OF COST
ON COMMENCEMENT OF EXCAVATION 10 % OF COST
ON COMMENCEMENT OF BSMT 7.5% OF COST
ON COMMENCEMENT OF 2ND FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF 6TH FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF 10TH FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF MASONRY WORK : 7.5% OF COST
ON COMMENCEMENT OF FLOORING & SERVICES 7.5% OF COST
ON COMMENCEMENT OF 14TH FLOOR SLAB : 5% OF COST
ON COMMENCEMENT OF 18TH FLOOR SLAB 5% OF COST
ON COMMENCEMENT OF 24TH FLOOR SLAB 5% OF COST
ON COMMENCEMENT OF 30TH FLOOR SLAB 10% OF COST
ON OFFER OF POSSESSION 5% OF COST
:
Disbursement pattern is different for each phase. Same is attached below.
Pivotal will subvent Pre-EMI interest on behalf of the customer for 8 mths plus month of first disbursement for Towers in Phase 1 and for 23 mths plus month of first disbursement for Towers in Phase 2 & 3 Beginning 10th/25th month, customer will need to start paying Pre-EMI/EMI to HDFC at the then prevailing ARHL rate.
End of subvention term may not coincide with offer of possession as this is a fixed period subvention scheme. Customer is free to make prepayments as per current prepayment policy. However, if any prepayments are made during the subvention period, no Pre-EMI will be refunded to the Builder/customer under any circumstance.
Scheme is available for all fresh bookings in individual name.
Standard ARHL rates as per loan slab will apply to all loans.
LCR is to be maintained at 80% of property cost
Cost components to include all costs excluding IFMS
No pro-rata disbursements can be done under the scheme.
No Insurance funding to be done
No Tranching of loan to be done
Disbursement Pattern under the scheme
Payment Plan for Phase 1 & 2
DEMAND AND CORRESPONDING STAGE OF CONSTRUCTION
ON BOOKING
WITHIN 60 DAYS 7.5% OF COST
ON COMMENCEMENT OF EXCAVATION 7.5% OF COST
ON COMMENCEMENT OF FF SLAB : 10 % OF COST
ON COMMENCEMENT OF 4TH FLOOR SLAB : 10% OF COST
ON COMMENCEMENT OF MASONRY WORK 7.5% OF COST
ON COMMENCEMENT OF 6TH FLOOR SLAB : 7.5% OF COST
ON COMMENCEMENT OF 10TH FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF TOP FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF EXTERNAL PLASTER 10% OF COST
ON COMMENCEMENT OF EXTERNAL FLOORING 10% OF COST
ON OFFER OF POSSESSION 10% OF COST 5% OF COST
:
Payment Plan for Phase 3
DEMAND AND CORRESPONDING STAGE OF CONSTRUCTION
ON BOOKING 7.5% OF COST
WITHIN 60 DAYS 7.5% OF COST
ON COMMENCEMENT OF EXCAVATION 10 % OF COST
ON COMMENCEMENT OF BSMT 7.5% OF COST
ON COMMENCEMENT OF 2ND FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF 6TH FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF 10TH FLOOR SLAB 7.5% OF COST
ON COMMENCEMENT OF MASONRY WORK : 7.5% OF COST
ON COMMENCEMENT OF FLOORING & SERVICES 7.5% OF COST
ON COMMENCEMENT OF 14TH FLOOR SLAB : 5% OF COST
ON COMMENCEMENT OF 18TH FLOOR SLAB 5% OF COST
ON COMMENCEMENT OF 24TH FLOOR SLAB 5% OF COST
ON COMMENCEMENT OF 30TH FLOOR SLAB 10% OF COST
ON OFFER OF POSSESSION 5% OF COST
:
Disbursement pattern is different for each phase. Same is attached below.
Pivotal will subvent Pre-EMI interest on behalf of the customer for 8 mths plus month of first disbursement for Towers in Phase 1 and for 23 mths plus month of first disbursement for Towers in Phase 2 & 3 Beginning 10th/25th month, customer will need to start paying Pre-EMI/EMI to HDFC at the then prevailing ARHL rate.
End of subvention term may not coincide with offer of possession as this is a fixed period subvention scheme. Customer is free to make prepayments as per current prepayment policy. However, if any prepayments are made during the subvention period, no Pre-EMI will be refunded to the Builder/customer under any circumstance.