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Finance Pattern & Schedule

The old applicants those who registered in response to the notification issued during 2007 (Demand survey) have to pay 25% of cost of the house/flat initially with in three months from the date of allotment and 75% of the cost in four stages either through bank loan or own finance. In case of bank loan, if the applicant requests and desires so, APRSCL will act as facilitator for availing the bank loan.

The scheme is self financed, which means allottees have to pay the cost of installments regularly as it is linked with the construction of physical progress of each project.

Each of our project is attached to one of Nationalized bank for advancing “Home Loans”. The tentative cost of flat is notified and final cost will be done at final finishing stage.

The schedule of the payment is as follows:
25% of the cost within three months of the allotment
30% of the cost on the grounding
18.75% of the cost of the basement level
18.75% of the cost at the roof level
7.50% of the cost at the finishing stage

The new applicants applying has to pay 15% of the cost at the time of booking since all projects have been grounded already, the balance 10% within one month from the date of booking. For balance, the same schedule as mentioned above is applicable to old and new applicants and it is linked with physical progress construction of the specific project.

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