Sobha One Residences Payment Plan – Complete Milestone Payment Schedule Explained

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The Sobha One Residences payment plan follows a construction-linked schedule that totals 100% of the Basic Value with GST across 15 milestones. You pay an initial 20% within the first 30 days of your application‚ and 80% based on the physical stage of the building․ This plan ensures you only pay as your home reaches specific stages like foundation work, floor slabs, and internal flooring. Registration, stamp duty, maintenance deposit, utility deposits and other applicable statutory charges are separate from this 100% milestone schedule. GST is already included in the value used for calculating the payment stages.

Here is the detailed payment plan for Sobha One Residences:

Sl. No.	Payment Milestone	Payment %	Cumulative %
1	Application Amount	5%	5%
2	Payable within 15 days from Application Date	4%	9%
3	Payable within 30 days from Application Date	11%	20%
4	On Completion of Foundation Works	7%	27%
5	On Completion of Basement 2 Roof Slab	7%	34%
6	On Completion of Ground Floor Roof Slab	7%	41%
7	On Completion of Second Floor Roof Slab	7%	48%
8	On Completion of Ninth Floor Roof Slab	6%	54%
9	On Completion of Eighteenth Floor Roof Slab	6%	60%
10	On Completion of Twenty Seventh Floor Roof Slab	6%	66%
11	On Completion of Thirty Seventh Floor Roof Slab	6%	72%
12	On Completion of Terrace Slab	8%	80%
13	On Completion of Internal Skim Coat in the Apartments	7%	87%
14	On Completion of Internal Flooring in the Apartments	8%	95%
15	On Final Payment Request Letter	5%	100%

What is a Construction-Linked Payment Plan and How Does It Help You?

A construction-linked payment plan is a financial schedule where your payments match the real-world building progress of your specific apartment. As a result‚ the customer will only pay large sums of money after the builder has completed work with visible results‚ such as roof slabs or flooring․ It also makes your home loan easier to manage because the bank releases the money in small parts rather than all at once. By following this plan, you can track the construction quality and speed personally before every single payment demand arrives.

Key Benefits for Home Buyers:

Lower Interest Burden: You only pay interest on the amount the bank has released so far, which saves you a lot of money during the building years.
Safety and Transparency: Since payments happen only after milestone completion, the builder has a strong motivation to finish your home on time.
Easy Budgeting: You get a clear roadmap of when you need to keep your funds ready based on the height of the tower.

Sobha One Residences Booking & Early Payments

The Sobha One Residences payment plan starts with three time-bound payments that occur before construction milestones begin. You must pay a 5% application amount to book your home, followed by 4% within 15 days of that date. The final early payment of 11% is due within 30 days of the application, bringing your total commitment to 20%. This initial amount secures your unit and allows the builder to process your legal paperwork and allotment.

Sobha One Residences Construction-Linked Payment Milestones

After you complete the initial 20%, the Sobha One Residences payment plan moves to construction-linked milestones where you pay as the tower rises. This system means you pay in smaller parts as the builder completes specific levels of the building.

Foundation and Basements: You pay 7% when the foundation work ends and another 7% at the Basement 2 roof level.
Floor Slabs: Payments of 6% to 7% occur at the Ground, 2nd, 9th, 18th, 27th, and 37th-floor roof slabs.
Structure Completion: An 8% payment is due once the builder finishes the Terrace Slab.
Finishing Works: The finishing work will account for another 7% for the internal skim coating and 8% for the flooring.

Sobha One Residences Final Payment

The final 5% of the Sobha One Residences payment plan is due when you receive the official Final Payment Request Letter. This last milestone brings the payment of the Basic Value with GST to 100%. The maintenance deposit and applicable maintenance charges are collected separately with the Final Payment Request Letter.

Additional Charges Outside the Payment Plan

The 100% milestone payment schedule covers the Basic Value with GST. Maintenance deposits, registration, stamp duty, utility connection charges and other statutory charges are additional and must be paid separately as applicable. Stamp Duty Charges of 0.5% of the Total Sale Value are payable along with the Application Amount for execution of the Sale Agreement, as per the current pricing schedule. Registration and stamp duty charges applicable to the sale deed are payable at prevailing rates at the time of execution.

Item	What it Covers
Maintenance Deposit	Fund for long-term building upkeep.
GST	Government tax applied at current rates.
TDS	1% tax deducted by the buyer under Section 194-IA.
Utility Deposits	Fees for electricity, water, and sewage connections.
Statutory Charges	Any future fees imposed by local authorities.

Car Parking in the Sobha One Residences Payment Plan

Car parking costs are already included in the basic value of your home, so you do not need to buy them separately. Owners of 1, 2, and 3 BHK apartments receive one dedicated parking space as part of their purchase. Those buying 4 BHK units receive one XL car parking space as part of the Basic Value. This transparent pricing ensures you know exactly how many parking spots your family has from the day you sign the application.

How Payment Demands Are Raised

Payment demands in the Sobha One Residences payment plan are raised based on completion of the milestone attributed to the particular unit. The developer issues the applicable demand note when the relevant construction milestone is achieved. This protects you because you only release funds when the work is physically finished and verified. If construction slows down, your payments also pause, making this a very buyer-friendly way to manage your finances.

Frequently Asked Questions

1. What is the total booking amount?

The total amount due within the first 30 days is around 20% of the sale value.

2. Is the payment plan based on time or construction?

Aside from the first 20%, the remainder of the plan is generally linked to construction milestones, such as slabs and flooring.

3. When do I pay the GST?

GST is generally applied on the Basic Value alongside each construction-linked payment. The applicable GST rate is subject to prevailing government rules and should be confirmed at the time of payment.

4. What happens if I delay a payment?

Delayed payments may attract interest and additional GST, as per the terms in the agreement for sale. Buyers should check the exact delay clause before signing.

5. Is the maintenance deposit part of the 100% sale value?

No, the maintenance deposit is an additional charge, generally collected at the final payment stage.

6. How many car parks come with a 3 BHK?

A 3 BHK apartment is generally planned to include one single car parking space within the basic value.