what will be the payment schedule once I book the property?
While buying a completed property, a buyer has to pay the entire amount in one time. In this scheme, you typically pay about 10-15% of the total cost as down-payment. As construction progresses, the rest of the money needs to be deposited in installments. However, real estate developers found enough ways to circumvent it. By the time the structure of the building was ready, a buyer would have already paid 80-90% of the total cost. The remaining amount would be paid after the final finishing work. It is at this stage that developers would delay the projects and divert the collected funds to different projects.