How Does the Purva Northern Lights Allotment Process Work After Booking?
Purva Northern Lights allotment process is designed to make buying a home very simple and safe. Buyers can pay for their apartment in convenient 10% installments linked to each stage of construction. The plan begins with 10% at the time of booking, followed by 10% at each other stage based on the project progresses. The final 10% is given at the time of possession. This plan clearly shows when and how much to pay. It is easy to follow, and buyers can plan their money without stress.
Booking an apartment is only the first step. After that comes the allotment process, where your chosen flat is officially confirmed in your name. For first-time buyers, this may feel confusing, but if you understand each step, the process is actually simple and easy.
What Is Allotment and Why Is It Important?
Allotment means the builder officially gives you a specific apartment. This includes details like the tower, floor, and flat number.
It is important because:
- It confirms that the apartment is booked in your name
- It gives you official proof of your booking
- It is the first step towards becoming the legal owner of the home
Here are the details of how the allotment process works after booking at Purva Northern Lights :
1. Booking and Initial Payment
- First, you choose your apartment and pay the booking amount
- This amount is a small part of the total property price
- After payment, the builder blocks the flat in your name
- The flat is reserved for you for some time
- At this stage, the unit is not fully confirmed yet
- It becomes fully confirmed after the next steps are completed
2. Document Submission and Verification
- After booking, you need to submit basic documents like a PAN card, an Aadhaar card, and address proof
- These documents are needed for KYC and legal checks
- The builder will check all your documents carefully
- This is to make sure all details are correct
- Allotment is confirmed only after your documents are verified successfully
3. Booking and Agreement Details
When you book an apartment, the booking amount saves the unit for you. You then sign an agreement with Puravankara Limited, which includes:
- Apartment number and tower
- Super built-up area and usable space
- Total cost of the apartment
- Interior specifications
- Car parking details
- List of amenities
- Expected possession date
4. Issuance of Allotment Letter
Once your payment and documents are verified, the builder issues an Allotment Letter. This is an official document that confirms your apartment.
The allotment letter usually includes:
- Buyer’s name
- Flat number, tower, and floor
- Total price and payment details
- Project information
5. Payment After Allotment
- After you get the allotment letter, you need to make the next payment
- This is usually around 10–20% of the total property price
- This payment confirms that you are serious about buying the apartment
- It also helps you move to the next step of the process
- 10% Booking: Already paid.
- 10% at Foundation: Paid when the "base" of the building is ready.
- 10% per Slab: As each floor is cast, the bank releases a small portion of the loan.
- Finishings: The final payments happen when tiling, painting, and plumbing are done.
6. Agreement to Sell
After allotment, the next major step is signing the Agreement to Sell. You will sign the ATS within 30 days. This is your most important document. It lists the official date you get your keys and the final cost. This is a legal document that clearly defines:
- Total cost of the apartment
- Payment plan (when and how much to pay)
- Possession date (when you will get the flat)
- All terms and conditions
Get Your Loan: Most big banks like SBI and HDFC trust the Purva brand. This makes getting a home loan much faster. The bank will check the building's legal status for you.
Tax (TDS) Help: If your home costs more than ₹50 Lakhs, you must pay a 1% tax to the government. The Purva team will help you handle this paperwork correctly.
