Tell me more about the payment options for Godrej IHP

Godrej IHP (Internationally Holistic Project) typically offers multiple payment structures designed for flexibility, often categorized into construction-linked and time-linked plans. For specific luxury projects like Godrej IHP Yelahanka, pricing is expected to start from ₹3.25 Crore onwards.

Standard Payment Options

While specific plans can vary by unit and inventory, standard Godrej payment structures for 2025 include:
Construction-Linked Plan (CLP): The most common option where payments follow project milestones.
Booking: 10% of total property cost.

Agreement: ~10% within 45–60 days of booking.

Milestones: Staggered payments (often 10% each) at stages like excavation, plinth completion, ground floor, and first-floor slabs.
Possession: Final 10% due upon the notice of possession.
The 1% Plan: An innovative scheme available for select projects.
Initial: ~10% at booking and another ~10% within 45 days.
Monthly: 1% of the agreement value paid monthly until the terrace slab is completed.
Final: Remaining balance paid upon OC application and possession.

Time-Linked Payment Plan: Payments are made at fixed intervals (e.g., 45, 105, 210, 300 days) regardless of construction progress.
Possession-Linked Plans: Rare but occasionally offered as 20:80 or 25:75 schemes where a small portion is paid upfront and the majority (75–80%) is paid only after receiving the Occupancy Certificate (OC).