Prestige Park Street Payment Plan

The Prestige Park Street payment plan is a 10-stage building-linked plan that splits your total property cost into equal 10% parts across 4 residential towers on a 3.48-acre plot in Velachery, South Chennai. You pay step by step as real work happens on the ground, starting with your unit booking and finishing at key handover on October 31, 2030.

This plan protects you as a buyer because your money is not locked up all at once. Base prices start at ₹17,500 per sq ft for 3 BHK, 4 BHK, and 4.5 BHK flats, which begin at ₹4.00 Crores. All your money goes directly into a state-monitored bank account under TNRERA rules so that the builder spends it only on building your home.

Official Construction-Linked Payment Schedule

The Prestige Park Street payment schedule sets out 10 clear construction steps where you pay exactly 10% for each stage of work on the 2-level basement, ground floor, and 18 upper floors. You never pay in advance because an engineer checks each step before the builder asks for the next payment.

Payment Step	Amount Due (%)	Work Completed on the Ground
Step 1	10%	Booking advance to block your chosen flat
Step 2	10%	Signing of the formal Agreement of Sale
Step 3	10%	Digging and earth work on the site
Step 4	10%	Foundation footing and base level work
Step 5	10%	Two basement floor concrete slabs poured
Step 6	10%	Ground floor roof slab completed
Step 7	10%	All main floor slabs cast up to the 18th floor
Step 8	10%	Floor tiles and wall plastering done inside your unit
Step 9	10%	Water pipes, bathrooms, and power cables installed
Step 10	10%	Occupancy Certificate (OC) issued and keys handed over

Unit Pricing and Initial Booking Token Schedule

Prices under the Prestige Park Street payment plan start at ₹4.00 Crores for a 2,280 sq ft 3 BHK flat, and you book your spot by paying an early token fee. You pay this token through a bank cheque or online transfer, and you share your PAN and Aadhaar card to lock in your unit number.

3 BHK Flats (2,280 to 2,435 sq ft): Prices start from ₹4.00 Crores; the booking token is ₹10 Lakhs.
4 BHK Flats (3,024 to 3,320 sq ft): Prices are given on request; the booking token is ₹15 Lakhs.
4.5 BHK Flats and Family Room Units (3,797 to 4,288 sq ft): Large top-end units; the booking token is ₹20 Lakhs.

Alternative Payment Options: Down-Payment and Subvention Modes

Alternative payment plans at Prestige Park Street include quick down-payment plans and bank subvention plans if you want cash discounts or smaller early monthly payments. Most buyers pick the 10-step plan, but you can ask for these other payment setups during this early stage.

Down-Payment Plan: You pay a larger sum right at the start (usually 15% to 20% upfront) to get a cash discount on the base square foot rate.
Bank Subvention Plan: You pay a small down payment from your pocket, and the bank pays the builder directly at each stage.
Choosing the Right Fit: If you have cash ready, a down-payment plan saves you money, while a bank plan keeps your monthly payments small until your home is ready.

Bank Approvals and Tranche Disbursement Schedule

The Prestige Park Street payment plan has official loan approvals from major banks, including State Bank of India (SBI), HDFC Bank, ICICI Bank, and Axis Bank. This makes your loan setup smooth because the banks already know the project and send out funds automatically as each building stage is completed.

Pre-EMI Interest Savings: You pay loan interest only on the money the bank sends to the builder, not on your full loan amount.
Site Verification by Banks: The bank checks progress on the ground with an independent engineer before it pays any milestone bill.
Your Share of the Cost: Banks generally lend between 75% and 80% of the flat cost, so you pay the remaining 20% to 25% from your savings across the first two steps.