The Urbanrise Whispers of Sky Payment Plan is a construction-linked plan. The apartment cost is paid in small stages instead of one full payment. The payment process starts with 10% booking + GST, then 10% when signing the agreement. The rest of the amount is paid in steps as the construction progresses, like foundation work, floor slab completion, flooring, and final possession time. This step-wise payment plan makes the cost easy to manage. It also keeps the payments connected to the building progress.

Stage-Wise Payment Schedule (Construction Linked Plan)

The Construction Linked Plan (CLP) at Urbanrise Whispers of Sky splits the apartment price into multiple small payments instead of paying one full payment at once. About 70–75% of the cost is paid during construction, and the rest is paid at booking, agreement, and possession. Below is the detailed stage-wise payment structure in the project:

Booking Amount – 10% + GST

Approx. ₹13,87,254

The booking amount is the first payment to reserve the apartment. It's usually 10% of the total price and confirms the unit is locked for the buyer.

At the Time of Agreement – 10% + GST

Approx. ₹13,87,254

When the sale agreement is signed, 10% of the apartment price plus GST is paid. By this stage, about 20% of the total cost is covered, officially confirming the purchase.

Foundation Completion – 15% + GST

Approx. ₹20,80,881

When the foundation work of the tower is done, the next 15% installment becomes due. This stage shows that the project has moved from planning to active construction on site.

Slab-Wise Payments – 8% + GST at Each Stage

Approx. ₹11,09,803 each milestone

A major share of the cost, which is about 40% in total, is divided across 5 floor slab milestones as the tower rises. Each floor stage holds 8% of the apartment value. These main slabs include:

• 4th Floor Slab
• 8th Floor Slab
• 12th Floor Slab
• 16th Floor Slab
• 20th Floor Slab

These payments happen at major construction stages and usually take 12–18 months, so the cost syncs with the building progress.

Last Slab Completion – 10% + GST

Approx. ₹13,87,254

Once the final floor slab is completed, another 10% installment is scheduled. At this time, nearly 85 to 90% of the apartment cost would be paid.

Flooring Completion – 10% + GST

Approx. ₹13,87,254

During the time of interior finishing, when flooring and basic internal works are finished, the next 10% payment is made. Visible progress inside the apartment becomes clear at this stage.

Possession or Handover – 5% + GST

Approx. ₹6,93,627

The final 5% installment is paid at possession. By this time, the apartment is ready for handover, and all major construction activities are finished.

Additional Charges to Consider

Apart from the base price of the apartment, other charges need to be planned for:

• GST – 5%

Every instalment of the apartment cost will include 5% GST.

• Corpus Fund – ₹50 per sq. ft.

A one-time fund for long-term maintenance. This fund is based on the saleable area and must be paid 15 days before registration.

• Advance Maintenance Charges – ₹42 per sq. ft. for 12 months

Maintenance fees for the first year, calculated per square foot of saleable area, payable 15 days before registration, along with GST.

• Taxes on Maintenance Charges

Any taxes on the 12-month maintenance amount must be paid according to government rules at the time of registration.

• Included in Apartment Cost

The base cost covers floor rise, premium facing, basic amenities, club membership, electricity & water connections (TNEB & Water), legal documentation, and piped gas.

• Car Parking Charges

Standard single covered parking is provided in Basement 2, Basement 1, or stilt parking areas, depending on availability.

• Changes in Taxes

GST, stamp duty, and other government charges may change as per government norms without prior notice.

• TDS (Tax Deducted at Source)

TDS, if applicable, is deducted from every milestone payment and paid directly to the Income Tax Department using the builder’s PAN. Form 16B must be submitted.

• Price Changes

Apartment prices and charges may change without prior notice.

• Registration Charges

Stamp duty and registration charges are approximately 7% of the property value.

These charges are common in almost all residential projects. Planning for them in advance helps avoid confusion and manage the total budget better.

Frequently Asked Questions

1. How much is the booking amount to book a unit?

To block an apartment, buyers need to pay a 10% booking amount plus GST.

• For 3 BHK units, the Expression of Interest (EOI) amount starts at ₹5 Lakhs
• For 4 BHK units, the EOI amount is ₹10 Lakhs
• An additional 10% + GST is required at the time of signing the Sale Agreement

2. Which banks are providing loans for this project?

Since the Urbanrise Whispers of Sky project is RERA-approved, major banks like SBI, HDFC, ICICI, and Axis Bank offer home loan approvals of up to 80-90% based on eligibility.

3. What is the starting price for Urbanrise Whispers of Sky?

The prices start from ₹1.05 Crore for a 3 BHK apartment and go up to ₹1.93 Crore for a premium 4 BHK apartment. These prices generally include base cost, floor rise, and premium facing charges, but exclude GST and registration.

Urbanrise Limited New Launch Project is Urbanrise Whispers of Sky.