SKA Group

If you’re considering buying a home with SKA India in Siddharth Vihar, Ghaziabad (NH24), understanding the SKA project payment scheme is essential. This guide explains the available payment options, how they work, benefits of each scheme, and tips to make your booking easy and stress-free.

Whether you’re booking a 3BHK or 4BHK apartment, the right payment plan can significantly impact your budget, cash flow, and investment potential.

🧾 What is a Payment Scheme?

A payment scheme (or payment plan) is a structured way to pay for your apartment over time, usually linked to construction milestones, booking stages, or special financing options. A flexible scheme helps homebuyers manage cash flow and reduce financial burden.

📊 Types of SKA Project Payment Schemes

1️⃣ Construction Linked Payment Plan (CLP)

This is the most common and buyer-friendly plan.

✔ You pay in stages as the project construction progresses
✔ Lower upfront payment
✔ Payments linked to real milestones (foundation, slab, finishing, etc.)
✔ Reduces financial stress

Ideal for: Buyers who want phased payments and minimal upfront cost.

2️⃣ Down Payment Discount Scheme

Paying a larger amount upfront to get discounts on the total price.

✔ Higher initial payment gives savings
✔ Price discounts or reduced cost per sq. ft.
✔ Faster payment completion

Ideal for: Buyers with upfront funds who want cost savings.

3️⃣ Milestone Payment Plan

Payments are tied to specific milestones, but not strictly construction stages.

✔ Booking amount
✔ Next milestone payment
✔ Mid-construction payment
✔ Pre-possession payment

Benefits:

• Flexible

• Planned payment timing

• Easy to budget

4️⃣ Bank-Linked EMI Payment Scheme

This option ties payments to your home loan EMI schedule.

✔ Loan processing support
✔ EMI starts after loan disbursal
✔ Payments spread over long tenure

Ideal for: Buyers who prefer a loan to finance their home.

5️⃣ Hybrid / Customized Plans

Sometimes developers offer customized combinations:

✔ Partial down payment + CLP
✔ Deferred payment plans
✔ Subvention schemes (EMI resumption after possession)

These are usually offered during launch or festive seasons.

📍 How SKA Project Payment Scheme Works

1. Booking Amount
   Pay a token amount to reserve your flat.
   (Usually fixed amount or % of total cost)

2. Allotment / Agreement Stage
   Submit documents and sign the sale agreement.

3. Stage Payments
   Pay according to the selected scheme (CLP / Milestone / Down Payment).

4. Pre-Possession Payment
   Final major payment before possession release.

5. Registration & Handover
   Completion of cost + statutory components (GST, stamp duty, etc.)

💰 Benefits of Flexible Payment Schemes

✔ Manages cash flow efficiently
✔ Encourages early booking
✔ Can include discounts and offers
✔ Better budgeting over construction period
✔ Helps plan loans and EMIs

🏆 Tips Before Choosing a Payment Scheme

✔ Compare CLP vs Down Payment Discounts
✔ Ask about launch offers on payment schemes
✔ Check timelines for each payment milestone
✔ Understand loan implications and EMIs
✔ Get everything in writing