Purva Northern Lights Construction Linked Payment Plan
A Construction Linked Payment Plan, or CLP, is a simple way to pay for a house. Instead of paying the full price on day one, you pay in small steps. You only release money when the builder finishes a specific part of the building. It is fair, safe, and easy on your pocket.
Purva Northern Lights uses this plan to help families buy their dream home without stress. Situated in the 25-acre KIADB Aerospace Park, this project by the Puravankara Group lets you book a luxury apartment now and pay for it slowly over the next few years.
How Does It Work?
The rule is simple: "Pay only for work done." If the building work stops, your payments stop too.
- Start Small: You pay a booking amount (usually 10% of the cost) to say "Yes" to the flat. This fixes the price for you.
- Step-by-Step: The rest of the money is paid in stages. For example, you pay one part when the foundation is ready. You pay the next part when the 2nd floor roof is poured.
- Final Step: You pay the last 5% and registration fees only when the house is ready for you to move in.
Why This Plan Helps You
Buying a home is expensive. This plan breaks that big cost into smaller, manageable pieces.
1. Easy to Manage Money
You don't need ₹1.3 Crore right now. You have about 3 to 4 years to pay the total amount. This gives you plenty of time to save money from your salary or arrange funds.
2. Lower Monthly Payments
If you take a home loan, the bank pays the builder in stages. You only pay interest on the money the bank has already paid. This means your monthly bank payments (EMI) are very low at the start.
3. Safety First
Since you pay for completed milestones, you know exactly where your money is going. It builds trust. You can see the tower rising with your own eyes before you make the next payment.
Why Investors Like This
North Bangalore is growing fast. Putting your money here now is a smart move.
- Lock Low Prices: By booking early at puravankara pre launch projects in bangalore price, you get the best deal. As the building goes up, the price of the flat goes up, but your cost stays the same.
- Top Location: This is one of the best puravankara projects in north bangalore. Being in the Aerospace Park, it will always have people wanting to rent homes here.
- Good Entry Point: With prices starting around ₹1.3 Crore for a 2 BHK, it competes well against other apartments near Manyata Tech Park.
A Look at the Payment Steps
The exact dates depend on construction speed, but here is what a standard plan looks like:
| Construction Stage | What You Pay (Approx) |
| Booking & Agreement | 20% of Total Cost |
| Foundation Work | 10% - 15% |
| Structure (Roof Slabs) | 40% - 50% (Paid in small parts) |
| Walls & Plastering | 10% |
| Flooring & Painting | 5% |
| Key Handover | 5% + Registration Fees |
Note: Please ask the sales team for the official Cost Sheet to see the exact numbers.
Choose Your Home Size
Knowing the size helps you calculate how much your 10% booking amount will be.
| Unit Type | Size (Super Built-up Area) | Status |
| 2 BHK Luxury Apartment | 1,010 sq ft – 1,220 sq ft | Available |
| 3 BHK Luxury Apartment | 1,500 sq ft – 1,800 sq ft | Available |
| 4 BHK Luxury Apartment | 2,100 sq ft – 2,400 sq ft | Available |
Better Than Other Options
When you check puravankara upcoming projects, you will see that this plan is very safe. Some other builders ask for money based on time, even if work is slow. Here, your money is linked to real progress.
This gives you peace of mind. You know the amenities will be built and your home will be delivered.
Frequently Asked Questions (FAQs)
Q1: How much is the booking amount?
Usually, you pay 10% of the total cost to confirm the booking. You can start with a smaller token amount to block the unit for a few days.
Q2: Do I pay full interest on my loan immediately?
No. In this plan, you pay "Pre-EMI" interest only on the amount the bank has released to the builder. Full EMI starts after you get possession.
Q3: What if the work gets delayed?
If construction slows down, your payments slow down too. You don't pay for milestones that are not finished.
Q4: Can I pay from my own pocket?
Yes. You don't have to take a loan. You can pay the installments from your savings whenever the builder sends a demand note.
Q5: Is this plan for all flat sizes?
Yes. The payment plan is the same whether you buy a 2 BHK, 3 BHK, or 4 BHK home.
Q6: Why buy now?
Buying early gets you the lowest price. As one of the top puravankara projects in north bangalore, the value is expected to rise as the area develops.
