Sobha Hennur Payment Plan
The Sobha Hennur Payment Plan is a safe, RERA-approved payment schedule that lets homebuyers pay for their apartment in easy, step-by-step parts as the building grows. Instead of paying a huge amount of money all at once, buyers at this upcoming 45-to-50-acre luxury township on Hennur-Bagalur Road (Chikkagubbi, North Bengaluru) pay a 10% booking amount first. After that, they pay small parts of 5% to 10% as the foundation, floors, walls, and tiles are finished. This clear and safe payment method keeps your money secure, makes monthly budgeting easy, and works smoothly with bank home loans.
Understanding the Sobha Hennur Payment Plan Structure
Buying a luxury home in North Bengaluru needs good money planning. To help both families and property investors, Sobha Limited uses a Construction-Linked Payment Plan (CLP) as the main payment method for the Sobha Hennur project.
Under Karnataka RERA rules, builders cannot ask for money whenever they want. Every payment in the Sobha Hennur Payment Plan is linked to real building work checked by project engineers. Also, 70% of the money collected from buyers is kept in a special RERA bank account. This makes sure your money is used only to build your tower.
Key Highlights of the Payment Framework
- Initial Entry Barrier: 10% of the total property price to book your flat.
- Milestone-Based Tranches: 85% spread out over 3.5 to 4 years as the building comes up.
- Final Handover Tranche: 5% to be paid only when the building gets its Occupancy Certificate (OC) and is ready for you to move in.
- Pre-Launch EOI Benefit: Buyers who book early through an Expression of Interest (EOI) get the first choice of flats and lower early-bird prices before the official launch.
Detailed Stage-Wise Sobha Hennur Payment Schedule (10% to 100% Breakdown)
The standard Sobha Hennur Payment Plan breaks down your total home cost into 12 easy steps. Whether you are paying from your own savings or taking a bank home loan, here is how you will pay from day one until you get your keys:
| Installment Stage | Construction Milestone | Payment Percentage (%) | Timeline / Trigger Event |
|---|---|---|---|
| Stage 1 | Booking / Allotment | 10% (minus EOI token) | When you book the flat |
| Stage 2 | Sale Agreement Execution | 10% | Within 30 days of booking |
| Stage 3 | Excavation & Footing | 10% | When foundation work is done |
| Stage 4 | Basement & Plinth Level | 10% | When the basement/ground floor is done |
| Stage 5 | Lower Level Superstructure | 10% | On finishing the 5th Floor Slab |
| Stage 6 | Mid-Low Level Superstructure | 10% | On finishing the 12th Floor Slab |
| Stage 7 | Mid-High Level Superstructure | 10% | On finishing the 20th Floor Slab |
| Stage 8 | Top Level Superstructure | 10% | On finishing the top roof / terrace |
| Stage 9 | Masonry & Internal Walls | 5% | When brick walls and inside plastering are done |
| Stage 10 | Flooring & MEP Work | 5% | When floor tiles, plumbing, and wiring are done |
| Stage 11 | External Painting & Lifts | 5% | When outside painting and lift fitting are done |
| Stage 12 | Notice of Possession | 5% | When OC is received and the flat is ready |
| Total | Complete Project Cycle | 100% | Spread over 42 to 48 Months |
Expert Note for Buyers: Sobha Limited makes its own building materials like concrete blocks, doors, windows, and woodwork in its own factories. Because of this, construction happens on time without delays. If you take a home loan, your bank will check the site and pay Stages 3 to 12 directly to the builder.
Sobha Hennur Unit Configurations & Indicative Price Breakdown
To see how the Sobha Hennur Payment Plan fits your budget, you first need to know the base price of the flats. Spread across 45 to 50 acres on the Chikkagubbi / Hennur-Bagalur road, the project offers 2, 3, 3.5, and 4 BHK luxury apartments in tall towers.
Based on an expected base price of ₹12,500 to ₹13,500 per sq. ft., here is the price estimate for each flat size:
| Apartment Type | Super Built-Up Area (Sq. Ft.) | Indicative Base Price | 10% Booking Amount | Estimated 80% Bank Loan |
|---|---|---|---|---|
| 2 BHK Luxury | 1,250 – 1,400 sq. ft. | ₹1.56 Cr – ₹1.89 Cr | ₹15.6 Lakhs | ₹1.24 Cr – ₹1.51 Cr |
| 3 BHK Regular | 1,650 – 1,950 sq. ft. | ₹2.06 Cr – ₹2.63 Cr | ₹20.6 Lakhs | ₹1.64 Cr – ₹2.10 Cr |
| 3.5 BHK + Study | 2,100 – 2,230 sq. ft. | ₹2.63 Cr – ₹3.01 Cr | ₹26.3 Lakhs | ₹2.10 Cr – ₹2.40 Cr |
| 4 BHK Grand | 2,350 – 2,750 sq. ft. | ₹2.94 Cr – ₹3.71 Cr | ₹29.4 Lakhs | ₹2.35 Cr – ₹2.96 Cr |
Note: The numbers above are estimated pre-launch base prices. Final prices will depend on the floor level, flat facing, and the official cost sheet released after RERA approval.
Complete Cost Sheet Components: Additional & Statutory Charges
Many homebuyers only look at the base price when planning their budget. When looking at the Sobha Hennur Payment Plan, you must also keep in mind the government taxes and extra charges paid at different times:
- Goods and Services Tax (GST – 5%): As per government rules for under-construction flats, a 5% GST is charged. You do not pay this all at once; 5% is added to every stage payment bill sent by the builder.
- Floor Rise & Preferential Location Charges (PLC): Flats on higher floors (usually from the 5th floor and above) have a small extra charge per sq. ft. Also, corner flats or flats facing the garden or swimming pool have a small extra cost. These charges are added to your total Agreement Value and split across the payment plan.
- Car Parking & Clubhouse Charges: Covered basement car parking and clubhouse membership fees are already included in your cost sheet when you book.
- Advance Maintenance & Corpus Fund: This is collected only at the Final Possession Stage (Stage 12). It covers 1 to 2 years of advance building upkeep (maintenance) and a one-time savings fund (corpus fund) given to the future apartment owners' group.
- BESCOM & BWSSB Charges: Charges for electricity connections, water supply, and sewage plants are billed near the end of construction (Stages 10 to 12).
- Stamp Duty & Registration Charges (~6% to 6.6%): This is paid directly to the Karnataka Government ONLY when the flat is ready and you register it in your name. It includes 5% Stamp Duty, 1% Registration Fee, and small government surcharges.
- TDS Deduction (1% under Section 194-IA): Because all flats at Sobha Hennur cost more than ₹50 Lakhs, government tax rules say buyers must cut 1% TDS from every payment made to the builder and pay it on the Income Tax website (using Form 26QB). This 1% is part of your property price, not an extra cost.
Step-by-Step Booking Process: From EOI to Sale Agreement
To make buying easy, the payment process starts smoothly before heavy construction begins:
- Step 1: Expression of Interest (EOI Submission): Before the official launch, buyers fill out an EOI form and give a refundable token cheque (usually ₹2 Lakhs to ₹5 Lakhs based on flat size) along with PAN and Aadhaar cards. This money is kept safe until RERA approval and flat selection.
- Step 2: Priority Unit Allotment: Once the project gets Karnataka RERA approval and the final price list is out, EOI buyers get the first chance to pick their favorite tower, floor, and view at early-bird rates.
- Step 3: 10% Booking Completion: After choosing the flat, the buyer pays the remaining amount to finish the first 10% Booking Amount. Sobha then gives the official Allotment Letter.
- Step 4: Sale Agreement & Home Loan Sanction: Within 30 days of booking, the buyer pays the second 10% (making it a 20% total down payment) and signs the official Sale Agreement. If you are taking a bank loan, your loan agreement with the bank and Sobha is signed at this stage.
Home Loan Approvals & Pre-EMI vs. Full EMI Strategy
Because Sobha Limited is a top-rated, trusted builder with a great track record in Bengaluru, this project is pre-approved by all major banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and LIC Housing Finance.
When buying a home under the Sobha Hennur Payment Plan, banks normally give up to an 80% home loan, while you pay the first 20% down payment (Stages 1 & 2). You then have two choices for how to pay back your bank loan during the 4 years of construction:
- Pre-EMI Option (Smaller Monthly Payments): You pay only the interest on the exact money the bank has given to the builder so far. For example, if the bank has only paid ₹30 Lakhs for the foundation stage, you pay monthly interest only on ₹30 Lakhs. This keeps your monthly cost very low if you are currently paying house rent.
- Full EMI Option (Pay Off Loan Faster): You start paying the full EMI (both loan amount + interest) right from the first bank payment. This reduces your main loan balance before you even get the keys to your flat, saving you a lot of money on interest over time.
Why the Sobha Hennur Payment Plan Works for Investors & End-Users
- High Value Growth with Small Initial Payment: You book the property at today's rate on Hennur Main Road by paying just 10% to 20% in the first month. As the nearby Airport Metro line and Bagalur tech parks grow, you get the full benefit of rising property prices while paying slowly in small parts.
- No Burden on Your Savings: Salaried professionals working near Manyata Tech Park, Hebbal, and Outer Ring Road (ORR) can easily plan their stage payments using yearly work bonuses, company stocks (ESOPs), or mutual fund savings.
- 100% RERA Safety: If construction slows down for any reason, your payments also stop automatically until the actual building work is completed on the site.