Prestige Park Street Payment Schedule

Prestige Park Street payment schedule is a construction-linked plan. It starts from Rs. 4 Crores for a 3 BHK apartment, with 4 BHK and larger configurations available on request. Buyers pay 10% at booking, the maximum advance RERA allows before a registered Agreement for Sale. The rest follows in stages over an expected 5-year construction period, tied to each build milestone.

It is expected to be a 5-year payment plan linked to the construction progress of the township. Buyers can pay the apartment amount in different stages until possession.

The payment plan makes it easy to manage your money. You do not have to pay the full price at once. Instead, you pay in smaller parts. You usually start by paying 10% of the home's total price to book it. After that, you pay the rest of the money in steps while the building is being made.

Note: Registration charges, stamp duty charges, and maintenance fees are not included in the base apartment price.

What is a Payment Plan?

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.

This is a premium apartment township by Prestige Group in Velachery, Chennai. The project covers approximately 3.48 acres and has about 252 premium apartments in 4 high-rise towers (A, B, C & D).

The township offers 3 & 4 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.

Expected Payment Schedule of Prestige Park Street

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.

RERA law also requires builders to keep 70% of collected payments in a separate, locked bank account. This protects buyer funds from being used on other projects.

Prices often rise after a project's official launch, as more units get booked. This is common across new launches, though it is not guaranteed for every project.

Cost Sheet and Price List

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.

Benefits of Prestige Park Street Payment Schedule

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 stage, you pay a lower price than later buyers. Whether this leads to future growth depends on market conditions and is not guaranteed.

Possession Timeline

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

Prestige Park Street Highlights

Project Type	New Launch Apartment Township
Total Land Area	3.48 Acres
Location	Velachery, South Chennai
Builder	Prestige Group
Launch Date	05 October 2026
Unit Variants	3 & 4 BHK Apartments
Starting Price	₹4 Crores Onwards
Total Units	252 Apartments
RERA Status	Pending
Towers	4 Premium Towers (A, B, C & D)
Structure	B2 + B1 + Ground + 18 Floors
Possession	31 October 2030

FAQs

1. What is the starting price of Prestige Park Street apartments?

The expected starting price is around Rs. 4 Crores and above for a 3 BHK apartment.

2. Is the payment plan construction-linked?

Yes, the payment schedule is expected to be linked with different construction stages.

3. When will the official cost sheet be released?

The official cost sheet and full payment plan will be shared after the project launch and RERA approval.

4. What apartment types are available in the project?

The township offers premium 3 & 4 BHK apartments in different sizes.

5. Why is the booking amount limited to 10%?

RERA law caps advance payments at 10% before a registered Agreement for Sale is signed. This protects buyers from paying large sums too early.