Payment Plans & Hidden Costs at Runwal Garden City: The Buyer’s Financial Checklist

Acquiring residential property, especially within a major township development, represents one of life's most significant financial commitments. Achieving total transparency regarding the numerous payment structures and correctly budgeting for every possible unexpected charge is absolutely essential. Informed buyers prioritize comprehensive financial awareness to guarantee both a seamless transaction process and secure, long-term asset growth.

This guide provides a detailed breakdown of the common payment structures and statutory charges involved. It helps prepare buyers for the total financial commitment required. Clear planning minimizes unexpected outlays, ensuring your dream of owning a home in Runwal Garden City Dombivli remains stress-free and financially sound.

Understanding Popular Payment Plans

Developers typically offer various payment plans designed to match different buyer liquidity and financial goals. The chosen plan directly affects the timing and quantum of funds released, whether from personal savings or housing loans. Analyzing these options based on your cash flow is the first step toward securing your flat.

1. Construction-Linked Plan

The Construction-Linked Plan is the most common and often preferred method for properties under development. Payments are phased, directly correlating to the completion of specific construction milestones, offering greater security. This structure aligns the financial risk with the physical progress of your home in Runwal Dombivli East.

With CLP, a small initial booking amount is followed by staggered payments. Key construction stages, such as the completion of the plinth, floor slabs, and finishing work, trigger subsequent payment demands. This offers a balanced approach, suitable for buyers financing the purchase with home loans.

2. Down Payment Plan (DPP)

The Down Payment Plan is favoured by buyers who have high liquidity and can pay a large percentage of the total cost upfront. Typically, 80-90% of the cost is paid within 30 to 90 days of booking, with the balance due at possession. This accelerated payment often comes with an attractive upfront discount from the developer.

While requiring a high immediate capital outlay, the DPP reduces the overall cost of acquisition. Buyers save significantly on interest costs associated with long-term construction-period EMIs. It's a straightforward financial option offering excellent value for money at Runwal Garden City.

3. Subvention Schemes (If Applicable)

Subvention schemes, when available, involve the developer tying up with a bank to pay the Pre-EMI interest on the buyer's loan for a fixed duration. The buyer typically starts paying the full EMI only after a certain period or upon possession. This plan significantly eases the financial burden during the construction phase.

However, buyers must thoroughly understand the agreement, as the total cost might be slightly higher than other plans. It's essential to review the loan terms and exit clauses carefully. Always check the current market availability of such specific financing schemes at the project site.

Essential Financial Checklist: Deciphering Hidden Costs

The advertised price of a home is rarely the final cost. Recent buyers diligently check for hidden costs and statutory charges that significantly inflate the final expenditure. Factoring in these charges is critical for comprehensive financial planning before booking a unit at Runwal Garden City Dombivli.

A. Statutory Government Levies (Non-Negotiable)

Charge Type	Description	Payment Timing
GST (Goods & Services Tax)	Applicable tax on under-construction residential property sales. Currently 5% for standard housing without Input Tax Credit (ITC).	Linked to installment payments or possession.
Stamp Duty	State government tax on the property transaction for legal documentation. Varies by state; typically a percentage of the agreement value.	Payment should be before or at the time of property registration.
Registration Fees	Fee paid to the government for officially registering the sale deed in your name. Usually a fixed amount or 1% of the agreement value.	Paid concurrently with the Stamp Duty charge.

Stamp Duty and Registration Fees are mandatory costs that formalize your ownership. These charges must be calculated accurately based on the prevailing rates in Maharashtra. Underestimating these non-negotiable government levies is a common mistake for first-time homebuyers.

B. Developer and Maintenance Charges

Charge Type	Description	Payment Timing
Infrastructure/Amenity Fees	Charge for premium amenities like the clubhouse, gym, and swimming pool access. Also covers development of common areas.	Due at the time of possession or as stipulated in the agreement.
External/Internal Electrification (MSEDCL)	Fees for connecting the flat to the main power supply and installation of meters.	Due at the time of possession.
Corpus Fund / Maintenance Deposit	A lump sum deposit for the future maintenance and repair of common facilities by the society.	Due at the time of possession.
Legal/Documentation Fees	Administrative charges levied by the developer for drafting and processing legal paperwork and agreements.	Paid at the time of agreement signing or possession.

These developer charges vary based on the scale of the project amenities and the unit size. They cover the essential infrastructure that defines the premium living experience at Runwal Garden City. Always clarify the specific calculation basis for these fees to ensure complete financial transparency.

C. Financing and Loan Charges

When securing a home loan to finance a flat in Runwal Dombivli East, additional bank charges apply. These charges relate directly to the process of sanctioning and disbursing your home loan. Understanding the quantum of these fees prevents any last-minute surprises during the disbursement process.

1. Loan Processing Fees: A one-time fee charged by the bank to process the loan application, often 0.5% to 1.5% of the total loan amount.
2. Pre-EMI Interest: Interest paid only on the disbursed amount of the loan during the construction phase, before the full EMI starts.
3. Legal and Technical Valuation Fees: Charges for the bank's independent legal and technical teams to verify the property documents and construction status.

Investment Security: RERA Compliance and Trust

Choosing a registered project offers a high degree of investment security, a vital factor for families investing their life savings. Runwal Garden City is registered under the Real Estate (Regulation and Development) Act (RERA). This regulatory framework ensures transparency, accountability, and timely project delivery.

The RERA Act mandates that developers disclose all essential project information, including payment schedules and carpet area, maintaining complete financial clarity. Every registered residential project, including Runwal Garden City, must have a unique MahaRERA registration number. You can verify the project details, status, and official documents on the MahaRERA website.

Frequently Asked Questions (FAQs) for Prospective Buyers

For personalized advice on payment plan structures and a precise cost breakdown for securing your ideal home, reach out to our financial consultants. They can help you navigate the nuances of investing in Runwal Garden City Dombivli.

Connect with our experts today to understand the best options for your financial plan. Call 9730634323 or visit https://runwalgardencity.in/