Purva Northern Lights Payment Plan
Purva Northern Lights payment plan 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.
Step-by-Step Payment Schedule of Purva Northern Lights is as follows:
- Booking: Pay 10% of the total price to book your apartment.
- Construction Start: Pay 10% of the amount when the foundation work begins.
- Excavation Stage: Pay 10% as the site is well-prepared.
- Plinth Work: Pay 10% when the plinth or base of the building starts.
- Basement Completion: Pay 10% when the basement is ready.
- Ground Floor Work: Pay 10% when the ground floor construction begins.
- Upper Floors Construction: Pay 10% as the building goes higher.
- Flooring and Finishing: Pay 10% when flooring and finishing work starts.
- Plumbing and Interiors: Pay 10% as bathrooms, kitchen, and interiors work starts.
- Possession: Pay the last 10% when you receive the keys and move in.
This step-by-step plan ensures you do not have to pay all at once. It allows you to pay according to the work done on your home.
The plan includes all the details a buyer needs. It lists the type of apartment, floor, size, GST, booking fee, total cost, and instalment schedule. It also mentions any extra charges and important instructions. With this clear plan, buyers always know what to pay and when.
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
All legal documents are shared at the time of signing the agreement. You can have a lawyer check them to make sure everything is correct.
Purva Northern Lights Bagalur Road is located in North Bangalore, at KIADB Aerospace Park, Hardware Park area. The project is in the pre-launch stage. The RERA approval is underway, and top banks are expected to provide home loans. This makes financing your home easier and safer.
- Small Payments: You don’t have to pay everything at once.
- Flexible: Payments match the progress of construction.
- Clear Timeline: You always know what to pay and when.
- Safe and Transparent: No hidden charges or surprises.
- Financial Planning: Makes it easy to budget for other expenses.
- Peace of Mind: You can track the progress of your home while paying gradually.
- You can compare apartments and choose one that fits your budget.
- Step-wise payments reduce financial pressure.
- You can plan EMIs or bank loans according to the schedule.
- It is helpful for NRIs or people living far away, as you can pay safely while the construction continues.
- You can monitor construction and ensure the builder follows the timeline.
- Check the RERA and legal approvals before paying.
- Always pay in official project accounts.
- eep a record of every payment and receipt.
- Ask the builder or sales team for updates about construction.
- Plan your remaining payments according to your income and budget.
The Purva Northern Lights Hardware Park payment plan makes it easy, safe, and stress-free to buy a home. You pay step by step, see the construction grow, and plan your finances. This plan is great for families, first-time buyers, and anyone who wants to own a home in North Bangalore.
Frequently Asked Questions :
Prices currently start at approximately ₹1.3 Crores for premium 2 BHK units. The pre-launch rate is around ₹11,000 per sq. ft. Buyers are advised to confirm the latest pricing, as rates may be revised during the official launch phase.
The project is currently in the "RERA Applied" stage, with approval expected soon. Being located within the KIADB Aerospace Park adds credibility in terms of planned infrastructure and land governance. Buyers should verify the official RERA number before booking.
You can reserve a priority unit by paying an Expression of Interest (EOI) amount of ₹1 Lakh. This amount is generally refundable and helps secure early access to pre-launch pricing, subject to developer terms and conditions.
Yes, the proposed Blue Line Metro (Phase 2B) includes the Bagalur Cross/Aerospace Park station. Once operational, it is expected to improve connectivity to Kempegowda International Airport and Hebbal significantly.
Total government charges are approximately 7.6% of the property value. This typically includes 5% Stamp Duty, 2% Registration Fee, and around 0.6% surcharge or cess. Buyers should budget for these charges at the time of registration.
Yes, the 10:10:80 plan is a construction-linked payment structure. You pay 10% at booking and 10% at agreement signing. The remaining 80% is paid in stages based on construction milestones, such as completion of slabs or internal works, providing better financial safety for buyers.
