Brigade Lumina Payment Plan
Brigade Lumina provides a transparent and systematic payment plan to make ownership more manageable. The structured payment model ensures a balanced and hassle-free transaction for homebuyers while aligning with construction milestones.
Brigade Lumina, developed by the renowned Brigade Group, offers thoughtfully designed 2 and 3 BHK high-rise apartments across 4 acres. With over 80% open space and modern amenities, the project is set to become one of the most attractive residential options in the region. Payment plan is an important aspect of any real estate purchase, especially when investing in a premium residential project like Brigade Lumina, located on Tumkur Road in West Bangalore.
Types of Payment Plans
Most reputed residential projects offer one or more of the following payment structures. Brigade Lumina follows a Construction-Linked Payment Plan, which allows payments to be made in stages according to construction progress.
Key Features of Construction-Linked Payment Plan:
- Reduces financial pressure by spreading out payments
- Ensures payments are made only after visible construction milestones
- Offers security and control for the buyer
Tentative Payment Schedule at Brigade Lumina
The payment schedule below gives a general idea of how the financial commitment progresses. Actual figures may vary slightly based on unit size and price agreements.
Stage-Wise Payment Breakdown:
- Booking Amount – 10% of the total apartment value
- Agreement Signing – 10% of the total apartment value
- Excavation Completion – 10%
- Basement Slab Completion – 10%
- Ground Floor Slab Completion – 7%
- 5th Floor Slab Completion – 7%
- 10th Floor Slab Completion – 7%
- 15th Floor Slab Completion – 7%
- 22nd Floor Slab Completion – 7%
- Block Plastering Completion – 5%
- Possession Stage – 10% + Registration & Stamp Duty
This payment model aligns with construction progress, giving assurance about timely development. Additionally, interest on home loans is minimized as disbursements are also made in parts.
Financial Benefits and Support
- Home Loan Tie-Ups: Brigade Group has established partnerships with major financial institutions like SBI, HDFC, ICICI Bank, and Axis Bank.
- Stamp Duty & Registration: Payable at possession. These charges are calculated based on government norms.
- GST Applicability: As per prevailing tax laws for under-construction properties.
Why a Transparent Payment Plan Matters
- Builds trust between developer and buyer
- Ensures clarity on financial expectations
- Enables better financial planning
- Makes the property more affordable over time
Brigade Lumina’s structured and milestone-based payment plan has been designed to keep the process predictable and buyer-friendly. Located in West Bangalore, along the rapidly developing Tumkur Road corridor, the project combines residential value with investment potential. For families and professionals looking for modern homes in a fast-growing part of the city, a well-outlined payment plan makes homeownership smoother and more accessible.
