Buying a new home is exciting—but it also comes with some important financial decisions. One of the biggest choices you'll need to make is how you want to pay for your home. At Godrej MSR City, a large township in Shettigere, North Bangalore, there are a few different payment plans you can choose from.

Each plan has its own benefits and works differently depending on your budget, income, and timeline. In this guide, we'll explain how these plans work—especially the Construction-Linked Payment Plan (CLP), which is the most common option for buyers at Godrej MSR City.

What Is a Payment Plan in Real Estate?

When you buy a home that is still being built, you don't have to pay the full price all at once. Builders usually give you payment plans so you can pay in parts—either over time or based on how the construction is going. These plans help you manage your money better.

The Most Popular Plan: Construction-Linked Payment Plan (CLP)

At Godrej MSR City, the CLP is the most commonly offered plan. It's designed to keep things simple and fair—you only pay when a certain stage of construction is completed.

How CLP Works

Here's a basic idea of how your payments might be broken up:

1. 10% at the time of booking
2. 10% within 60 days (when signing the agreement)
3. 40% spread across different construction stages like foundation, floors, and walls
4. 40% during finishing work and when you take possession (this includes registration and other charges)

Why CLP Makes Sense for Most Buyers

1. Pay as the Project Progresses: You don't need to pay everything at once. This helps reduce pressure on your budget.
2. Safer After RERA Rules: The builder can't take more than 10% before the agreement is signed. Most of the money goes into an escrow account, so it's protected.
3. Keeps You Updated: You can track the construction and pay only when you see real progress.
4. Ideal for Working Professionals: If you earn a monthly salary, this plan fits well because you pay in parts over time.

Things to Keep in Mind

1. If you're taking a home loan, you may start paying Pre-EMIs (interest on the loan amount given to the builder). This can overlap with your rent.
2. While RERA offers protection, construction delays can still happen due to reasons like weather or material shortages.
3. This plan doesn't offer big upfront discounts like some other plans.

Other Payment Plans You May Come Across

While CLP is the main plan at Godrej MSR City, here are some others you might hear about:

1. Down Payment Plan (DPP) or 10:90 Scheme

1. How it works: You pay 10% at booking, and the rest (90%) soon after—usually within 60–90 days.
2. Good for: Buyers with extra cash who want early-bird discounts.
3. Not ideal for: Those relying on loans, since banks release funds slowly as construction progresses.
4. Use at Godrej MSR City: May be available for limited units or during special offers. Not the standard plan.

2. Possession-Linked Plan (PLP) or 20:80 Scheme

1. How it works: Pay 20% now, and the rest when the home is ready.
2. Good for: Buyers who want to avoid paying until the flat is done.
3. Not common: Builders don't usually offer this because it delays their cash flow.
4. Use at Godrej MSR City: Rarely offered, if at all.

3. Flexi Payment Plan

1. How it works: Pay 30–40% upfront, some payments during construction, and the rest at possession.
2. Good for: Buyers who can afford more at the start but want flexibility too.
3. Use at Godrej MSR City: Might be available in specific towers or for certain offers.

How to Decide Which Plan Is Right for You

Here's a quick guide to help you choose:

1. If you're salaried: Go with CLP. It fits your income pattern and reduces risk.
2. If you're an investor: CLP is safe and still offers good returns over time, especially in a fast-growing area like Shettigere.
3. If you have lots of savings: A Down Payment Plan might offer discounts, but be cautious—your money is at higher risk if there are delays.

Tips Before You Choose Any Plan

1. Ask for a full payment schedule from the sales team.
2. Check how your bank will release loan amounts—it must match the builder's schedule.
3. Don't forget hidden costs like stamp duty, registration, and maintenance charges.
4. Read your agreement carefully, or have a legal expert review it. Make sure it follows RERA rules.

Final Thoughts

At Godrej MSR City, most homebuyers go with the Construction-Linked Payment Plan because it offers a good mix of flexibility, safety, and control. Whether you're buying your first home or investing in this fast-growing part of Bangalore, picking the right payment plan can make the entire process easier and less stressful.

Take your time to compare options, ask questions, and make sure the plan works for your financial situation—not just today, but for the years ahead.