S
Shanti Iyer
posted on 4 MayPrestige Kumaraswamy Layout: Payment plan thoughts
15% ROI on my last deal. Now eyeing Prestige projects in Kumaraswamy Layout. Is construction-linked payment smarter for leverage than down payment? Or do brokers secure better spot discounts directly?
#payment-plan#broker-deal#spot-discount#prestige-group#kumaraswamy-layout
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Are current Bengaluru market conditions good for buying right now? Seems like prices are still super high everywhere, even for under-construction projects. Is this a good time to invest, or should we wait?
U4, market is definitely hot right now, especially for ready-to-move or near-possession projects. Prices have shot up post-pandemic. If you're looking for investment, it's still good, but for end-use, it feels like a seller's market. Hard
CLPP vs Down Payment is tricky. For my flat in Adigara Kallahalli, I went with CLPP thinking it was safer. But then the interest started kicking in on the disbursed amount even when construction was slow. If you can negotiate a good spot discount with a lump sum down payment, that often works out cheaper in the long run, especially if you have the funds. Brokers sometimes have tie-ups, but verify everything independently, unka commission bhi toh hota hai.
Kumaraswamy Layout mein Prestige? Bhai, location toh theek hai, but have you checked their actual possession timelines for recent projects? My friend booked in Aavalahalli and got delayed by almost 2 years! Be careful with the 'leverage' part, it can backfire if delays happen with CLPP.
Oh no, Agrahara Layout mein bhi? That's concerning. Thanks for the heads-up, U9. I was considering them there.
Exactly! My cousin booked a Prestige apartment in Agrahara Layout, they promised possession in 2022, but still no sign. They keep giving vague excuses. The 'leverage' through CLPP became a huge headache for him because he's paying rent AND EMI. So that 15% ROI might look good on paper, but actual experience can be tough. Always check the builder's past RERA filings for delays before committing to any payment plan.
U2, you're absolutely right. Prestige ka track record mixed hai. Some projects are on time, some get delayed badly. For Kumaraswamy Layout specifically, I heard some units in their older project near Vasanthapura also faced delays. It's crucial to check the RERA possession date and add a buffer.
Wow, 15% ROI is fantastic, congratulations! I'm also eyeing Prestige projects, specifically in Akshayanagar. For payment plans, isn't construction-linked payment plan (CLPP) always better for first-timers like us? It feels like less upfront burden and more secure, right?
Haan bhai, CLPP lagta toh easy hai, but hidden costs aur delays ka darr rehta hai. Mera friend ka case bhi same hai, bank EMI chalu ho gayi aur project 6 mahine se stuck hai.
U1, CLPP definitely helps with cash flow initially, but jaise U3 ne bola, if construction slows, you're paying interest on disbursed amount without much progress. Also, builders often load the price slightly more for CLPP. So 'better' depends on if you value lower initial outflow vs. potential overall cost savings from a spot discount. Have you compared the total cost difference?