29 September 2026 · Buyer's guide · 1 min read
How instalment plans work on an under-construction project
Booking money, down payment and instalments — what each one is for, and what must be written into your agreement.
Buying off the plan lets you pay for a home while it is being built. The price is usually split into three parts: a booking amount that reserves the unit, a down payment when the agreement is signed, and instalments spread across the construction period.
A fair plan ties instalments to dates or to construction stages, and the schedule is attached to the agreement. Check what the agreement says will happen if a payment is late — and, just as importantly, what the developer pays you if the handover is late.
Registration costs, stamp duty and utility connection charges are normally paid separately at handover. Ask for them in writing at the start so that the final payment holds no surprises.
On our projects every payment is receipted the same day, and the schedule never changes after signing. Our consultants will take you through the current plan for Jol Kuthi.
