Prestige Velachery Payment Plan
The Prestige Velachery payment plan sets out how a buyer pays over the build. It is a construction-linked plan, so the money follows the progress of the towers. An amount is paid at booking, further instalments fall at construction stages, and the final balance is paid at possession on 31 October 2030. Prices start at Rs 4 Crore for a 3 BHK. This page explains the payment stages and the charges that sit alongside, for the 3.48-acre project in Velachery, South Chennai.
How the Payment Plan Works
A construction-linked plan ties each payment to a stage of the build. You do not pay the full amount up front. Instead the cost is spread from booking through to handover. The table below sets out the broad stages.
| Stage | When it is paid |
|---|---|
| Booking | At the time of booking |
| Agreement | On the sale agreement |
| Construction-linked | In steps as the 4 towers are built |
| Possession | Final balance at handover, 31 October 2030 |
The exact percentage at each stage is set out in the cost sheet. The launch is set for 5 October 2026, when the full schedule is shared. Ask the sales team for the stage-wise breakup before you book.
Why a Construction-Linked Plan Helps
A staged plan eases the cash flow for a buyer. The outflow matches the build rather than landing all at once. A few points stand out.
- Spread cost. You pay in steps, not in a single lump sum at the start.
- Progress-linked. Later payments fall due only as the towers rise.
- Possession balance. The final amount is held back until handover on 31 October 2030.
- Home loan support. Banks usually fund up to about 80% of the cost, drawn in line with the stages.
So the plan links what you pay to what has been built, which lowers the early burden.
The Prices Behind the Plan
The payment plan applies across the configurations. The prices below are the base figures the plan is built on.
- 3 BHK, from 2,280 sq. ft., from Rs 4 Crore onwards.
- 4 BHK, a larger luxury home, priced on the current cost sheet.
- 4.5 BHK, up to 3,797 sq. ft., the largest home, priced on the current cost sheet.
These are indicative pre-launch base prices. The 4 and 4.5 BHK prices are shared on the cost sheet. Floor-rise, GST, stamp duty and registration are extra.
Charges Alongside the Plan
The payment plan covers the apartment cost. A few charges sit alongside it and are billed as they apply. GST applies on an under-construction home. Stamp duty and registration are payable as applicable in Tamil Nadu at the sale deed. Floor-rise and preferential-location charges apply on select units across the 18-floor towers. Maintenance and a corpus fund are collected around possession. Budget for these on top of the staged payments.
Project at a Glance
Prestige Velachery is a 3.48-acre project by Prestige Group in Velachery, South Chennai. It has 4 high-rise towers of B2 + B1 + Ground + 18 floors, with 252 luxury apartments in 3, 4 and 4.5 BHK formats, from 2,280 to 3,797 sq. ft. The density is low, at about 72 units per acre. The launch is set for 5 October 2026, and possession is scheduled for 31 October 2030. The project is at the pre-launch stage, and TNRERA approval is awaited. Buyers should verify the RERA status on the Tamil Nadu RERA portal before booking.
FAQs
It is a construction-linked plan. An amount is paid at booking, further instalments fall at construction stages, and the final balance is paid at possession on 31 October 2030. The exact percentages are in the cost sheet.
The final balance is paid at the time of key handover, scheduled for 31 October 2030. The earlier instalments fall at booking, the agreement and the construction milestones as the towers rise.
Yes. Later payments fall due as the 4 towers are built, so the outflow matches the progress of the project. This spreads the cost over the build rather than landing all at once.
Yes. GST applies on an under-construction home, and stamp duty and registration are payable in Tamil Nadu at the sale deed. Floor-rise, maintenance and a corpus fund apply as set out in the cost sheet.
Banks usually fund up to about 80% of the cost, subject to your income and credit profile, and the loan is drawn in line with the construction stages. Confirm the exact amount and rate with your bank.
Not yet. The project is at the pre-launch stage, and TNRERA approval is awaited. Buyers should verify the current status on the Tamil Nadu RERA portal before booking.
