Prestige Ivy Green Payment Plan

Featured Image of Prestige Ivy Green Payment Plan


The payment plan for Prestige Ivy Green divides your total property cost into milestone-based steps where you pay a 10% booking amount upfront and clear the remaining 90% as the building rises. This payment plan means you pay money as the construction moves forward. You do not have to pay the full amount at once. The total cost is divided into smaller payments, which can make it easier to manage your monthly budget. Prestige Ivy Green offers a construction-linked payment plan of around 60 months. The project is spread across 7 acres with 3 towers and offers 1 to 4 BHK homes priced from ₹98 Lakhs to ₹3.64 Cr onwards. Expected possession is December 2031, while RERA registration is pending.

You pay the first 10% of the total property value on the exact day you book your unit. Another 10% is payable within 30 days during the formal allotment stage. You must pay the next 10% installment when the builder starts the ground excavation work on the site.

The builder requests another 10% after completing the foundation and plinth level. You pay the next 10% when the basement slab casting is fully finished. You clear the next 10% demand notice as the ground floor roof slab is poured.

The developer asks for 10% payment when the 10th-floor slab is completed. Another 10% is paid when wall work and plastering start. The next 10% is due after flooring, plumbing, and electrical work are completed. The final 10% is paid when you get possession of the flat, which is expected in December 2031.

Here is the detailed construction-linked payment breakdown for the apartments:


  • 10% of the total cost is due when you book the apartment.
  • 10% is payable when the builder starts physical construction.
  • 10% is required at the time of site excavation.
  • 10% must be paid during the plinth stage.
  • 10% is due as the basement construction advances.
  • 10% is payable when the ground floor roof is built.
  • 10% is required during the first-floor construction.
  • 10% is due when internal flooring begins.
  • 10% is payable once the plumbing and electrical work starts.
  • 10% is the final payment due upon handover and possession.

Prestige Ivy Green Price List


Prestige Ivy Green price for 1, 2, 3, and 4 BHK apartments ranges from ₹98 Lakhs onwards to ₹3.64 Cr onwards. The 1 BHK units start at ₹98 Lakhs, 2 BHK units start at ₹1.47 Crores onwards, 3 BHK units are priced from ₹2.59 Cr onwards, and 4BHK premium apartments begin at ₹3.08 Cr onwards.

The project spans 7 acres with 3 towers and offers unit sizes between 650 sq ft and 2,600 sq ft, based on a pre-launch price update. The pricing is based on configuration, unit size, layout, and specific floor in a tower.

The detailed Prestige Ivy Green price list for 1, 2, 3, and 4BHK apartments is given in the table below:

Unit Type Carpet Area Starting Price (Rs.)
1BHK 650 sq. ft. to 750 sq. ft. ₹98 Lakhs onwards
2 BHK 1,050 sq. ft. to 1,300 sq ft ₹1.47 Crores onwards
3 BHK 1,550 sq. ft. to 1,850 sq ft ₹2.59 Crores onwards
4BHK 2,200 sq. ft. to 2,600 sq ft ₹3.08 Crores onwards

Complete Costing Details Note


The prices are added to the base prices above, and they will not include registration charges and stamp duty charges.

An extra floor rise charge will be added along with these prices if the apartment is above the fifth floor.

A cost sheet will be given to buyers after the official launch.

These prices are introductory, and they will increase by 5% after the official launch due to market demand in Bangalore. The pre-launch price of Prestige Ivy Green is set based on the latest price trend of the Varthur Road real estate market.

EOI Booking and Bank Details


You can book your Expression of Interest (EOI) for Prestige Ivy Green by paying a fully refundable ₹2 lakh amount online. You can complete this EOI process simply through the official digital portal. First, you fill out the standard customer details form. Next, you select your preferred tower and unit configuration.

For pre-launch bookings, you must provide a post-dated cheque. Make this cheque payable directly to Prestige Estates Projects Ltd. Buyers who submit their EOI early get the highest priority during allotment. Which means you get the first pick of the best corner or premium-view apartments.

The official EOI window opens shortly before launch. Early registered buyers always secure the lowest pre-launch base price. But inventory drops fast, so acting early secures your financial advantage.

The Easy 20:80 Payment Plan Structure


The standard 20:80 payment plan for Prestige Ivy Green means you pay 20% of the total price at the agreement stage, while your bank funds the remaining 80% later. This structure is very popular among IT professionals in East Bangalore because it leaves their liquid investments untouched. You get plenty of time to arrange your bank loan without rushing.

  • 10% Booking Amount: Paid instantly at the site to block the unit.
  • 10% Agreement Amount: Paid within 30 days of the exact booking date.
  • 80% Construction Linked: Paid in small milestones over the build cycle.
  • You have enough time to arrange your home loan before signing the legal agreement. At this stage, you and the builder sign the final agreement. The document includes important details such as your flat number, apartment size, UDS (Undivided Share), specifications, total price, and the expected possession date.

Financial Benefits of the Payment Plan


The main benefit of the Prestige Ivy Green payment plan is that you pay based on the progress of construction. You do not have to make payments on fixed dates. This can give buyers better control over their money if construction takes longer. The builder sends a payment request only after the required construction stage is completed and checked by an engineer.

This structure reduces your pre-EMI interest burden if you take a home loan. Because the bank releases the loan in small portions over 5 years, you only pay interest on the disbursed amount. This benefit keeps your monthly outgoings low while the project is under construction.

The payment stages are easy to understand so that you can plan your money. You know when the next payment is due and can keep the amount ready. This helps you manage your budget without extra financial stress.

Special Offers and Home Loan Options


Buyers at Prestige Ivy Green get access to pre-approved home loan facilities from India's top private and national banks. The Prestige Group has tied up with SBI, HDFC Bank, ICICI Bank, and Axis Bank. These direct partnerships speed up your loan approval process because the banks have already checked the land title deeds.

During the pre-launch phase, the developer offers special financial perks to early buyers. These launch offers can include a complete waiver of floor rise charges or free covered car parking spaces. These benefits apply only to a limited number of early bookings, so acting early provides a permanent cost advantage.

Alternate Prestige Group Payment Plans


Prestige Group offers different payment options, such as the 25:75 plan and the 1% monthly plan, across some of its projects. These plans help buyers with different budgets choose a payment option that suits them. You can select the plan that matches your monthly income and budget.

  • Down Payment Plan: You pay 10% at booking and 90% within a month. This usually gives you a solid cash discount on the base price.
  • 1% Monthly Plan: You pay 10% upfront to block the home. Then you pay just 1% every month until a major construction stage finishes.
  • 25:75 Plan: You pay 10% at booking and 15% shortly after. The final 75% is only due when the builder gets the Occupancy Certificate (OC).
  • 25x4 Plan: You split the total apartment cost into four equal 25% installments. These are strictly tied to major project milestones.

Project Amenities and Features


Prestige Ivy Green offers many amenities across its 7-acre campus, with ample open green space. These facilities are planned for fitness, relaxation, and family time. Residents can enjoy many activities without leaving the community.

The main amenities include:

  • Central park with dedicated jogging tracks
  • Clubhouse with a gym and yoga studio
  • Swimming pool with a separate kids' pool
  • Outdoor sports areas for badminton and half-basketball
  • Co-working space for work and an indoor play area for children

FAQs


1. How can I pay for the apartment at Prestige Ivy Green?

You pay in small percentages over 5 years according to the physical progress of the construction milestones.

2. How much should I pay to book an apartment?

You need to pay a 10% initial booking amount of the total property value to reserve your unit.

3. Are home loans available for this project?

Yes, major banking institutions like SBI and HDFC Bank offer pre-approved home loan facilities for this development.

4. When should I pay the next construction installment?

The builder will send a formal payment demand notice only after a specific building stage or floor slab is completed on site.

5. Is there a charge for late installment payments?

Yes, standard interest penalties apply if you delay the milestone payment past the due date mentioned in the notice.

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