Prestige Park Street Payment Schedule

A payment plan is a structured way of paying for an apartment in instalments during the construction period. Buyers pay different percentages of the total apartment cost at different stages of the project.

The payment plan continues until the project is completed and possession is given to the buyers.

This system helps buyers plan their finances properly and reduces financial pressure.

Prestige Park Street is a premium apartment township by Prestige Group in Velachery, Chennai. The project covers 5 acres and has about 480 premium apartments in 2 high-rise towers.

The township offers 1, 2, and 3 BHK apartments with modern layouts and lifestyle amenities. The project is now in the pre-launch stage, and the official launch is expected in October 2026.

• An initial payment of 10% of the apartment value is expected during the booking stage.
• A second instalment of 10% of the total amount may be collected after the agreement process is completed.
• Another 10% payment is generally collected when excavation work starts at the project site.
• A further 10% instalment may be paid during the plinth construction stage.
• An additional 10% amount can be paid during basement construction work.
• Another 10% of the apartment value is usually collected when the ground floor construction begins.
• The next 10% payment may be linked with upper-floor construction stages.
• A further 10% instalment is generally paid during flooring and interior work.
• Another 10% amount may be collected during plumbing and electrical installation work.
• The remaining 10% of the apartment cost is expected to be paid during possession and handover.

Note: GST charges and registration costs may be collected along with the final instalment during possession.

The apartment prices are expected to rise after the official launch of the project due to increasing demand in Velachery and nearby areas.

The official cost sheet and detailed price list will be released after the official launch and RERA approval of the project. The complete payment schedule and partner bank details will also be available after launch.

Easy Budget Planning

The payment schedule helps buyers pay for the apartment slowly during construction.

Lower Financial Burden

You do not have to pay all the money at once. You pay in small parts over time, which makes it much easier on your wallet.

Flexible Home Loan Support

Banks will give you the loan money in steps. They give this money as the building work moves forward.

Better Investment Opportunity

If you buy early during the pre-launch time, you pay a lower price. This helps you get better growth for your money later.

Possession Timeline

The project will be finished and ready for you to move into by October 2030.