Prestige Parklane Payment Plan

Published On: 23 September 2026

The Prestige Parklane payment plan is a time-linked plan. You pay on fixed dates, not on construction stages, so you know every due date from the day you book. It starts with 10 per cent on booking and 10 per cent on the agreement. Then come 24 instalments of 3.2 per cent every two months, and a final 3.2 per cent at possession on 31 December 2030.

Step-by-Step Payment Schedule for Prestige Parklane

GST is extra on every payment. Post-dated cheques must be handed over within 30 days of booking.

On booking: 10 per cent + GST, as earnest money.
On initiation of agreement: 10 per cent + GST.
10 December 2026: instalment 1, 3.2 per cent + GST.
10 February 2027 to 10 October 2027: instalments 2 to 6, 3.2 per cent + GST each.
10 December 2027 to 10 October 2028: instalments 7 to 12, 3.2 per cent + GST each.
10 December 2028 to 10 October 2029: instalments 13 to 18, 3.2 per cent + GST each.
10 December 2029 to 10 October 2030: instalments 19 to 24, 3.2 per cent + GST each.
31 December 2030, intimation of possession: 3.2 per cent + GST.
31 December 2030, other charges: 100 per cent of other charges + GST.

The instalments fall on the 10th of every second month. Together, the payments add up to 100 per cent: 10 + 10 + 24 × 3.2 + 3.2.

Payment Plan Table

Stage	Payment	Running total
Booking	10% + GST	10%
Agreement	10% + GST	20%
Instalments 1 to 6 (Dec 2026 to Oct 2027)	3.2% + GST each	39.2%
Instalments 7 to 12 (Dec 2027 to Oct 2028)	3.2% + GST each	58.4%
Instalments 13 to 18 (Dec 2028 to Oct 2029)	3.2% + GST each	77.6%
Instalments 19 to 24 (Dec 2029 to Oct 2030)	3.2% + GST each	96.8%
Intimation of possession (31 Dec 2030)	3.2% + GST	100%
Other charges (31 Dec 2030)	100% + GST	Paid in full

Booking and Agreement Details

Karnataka RERA registered Prestige Parklane on 15 September 2026, and the expression of interest opened the same day. The project launches on 25 September 2026, and the survey form for allotment opens the same day at 5 PM.

Your booking and agreement set out the key terms of your home.

Apartment: the tower, unit type, floor, saleable area and RERA carpet area.
Price: the launch price, which includes one car park and the floor rise for your floor band.
Taxes: 5 per cent GST on the price, payable with each instalment, plus 7.5 per cent stamp duty and registration.
Parking: one pre-allotted car park per apartment, of Standard, Standard EV or Linked type.
Possession: the declared completion date of 31 December 2030.

Other Charges Paid at Possession

Other charges are paid in full, with GST, on intimation of possession. They work out to your saleable area × ₹415, plus ₹25,000.

BESCOM and BWSSB: ₹150 per sq ft + 5 per cent GST.
Generator: ₹85 per sq ft + 5 per cent GST.
Advance maintenance for 24 months: ₹120 per sq ft + 18 per cent GST, which equals ₹5 per sq ft per month.
Maintenance corpus: ₹60 per sq ft.
Assessment charge: ₹25,000 per apartment + 18 per cent GST.

For a 567 sq ft 1 BHK, other charges come to about ₹2.84 lakh with GST. For a 1,445 sq ft 3 BHK Aspire, they come to about ₹6.77 lakh.

How Much Will You Pay at Each Stage?

Here is an example for a 1 BHK Classic priced at ₹56 lakh. GST at 5 per cent is added to each payment.

Stage	Share	Amount	With 5% GST
Booking	10%	₹5,60,000	₹5,88,000
Agreement	10%	₹5,60,000	₹5,88,000
Each of 24 instalments	3.2%	₹1,79,200	₹1,88,160
Intimation of possession	3.2%	₹1,79,200	₹1,88,160

Stamp duty and registration of 7.5 per cent, about ₹4.2 lakh, are paid at registration. With other charges added, the all-in cost comes to about ₹65.8 lakh.

Project Location and Financial Safety

Prestige Parklane sits at Plot No. 24, KIADB Hi-Tech, Defence and Aerospace Park Phase 2, on the STRR at Devanahalli. The project is developed by the Prestige Group and built by Larsen & Toubro.

RERA status: registered under PRM/KA/RERA/1251/309/PR/150926/008941, valid till 31 December 2030.
Financing: the Prestige Group holds a CRISIL DA1+ developer grading.
Milestones: construction starts on 1 October 2026. Progress is certified to RERA by the project engineer and architect.

Why the Prestige Parklane Payment Plan is Helpful

Known dates: every due date is fixed in advance, which helps in planning the cash flow.
Small, even payments: 3.2 per cent every two months avoids large sudden demands.
Low upfront amount: only 20 per cent is due across booking and agreement.
Four years to pay: instalments run from December 2026 to October 2030.

How to Use the Plan Wisely

Plan for fixed dates: instalments fall due on their dates, whatever the stage of construction.
Budget for GST: 5 per cent GST is added to every payment.
Keep funds for possession: the final 3.2 per cent and all other charges are due together on 31 December 2030.
Check prices before booking: the launch price sheets are valid till 27 September 2026.

FAQs

1. What is the Prestige Parklane payment plan?

It is a time-linked plan. You pay 10 per cent on booking, 10 per cent on the agreement, 24 instalments of 3.2 per cent every two months, and 3.2 per cent at possession.