Beware.... most are chaaloo kind of builder and only collecting 40% amount and giving completion date as Dec 2013 and will not complete project before Dec 2015.
If you are leader of group then choose project where builder is honest and deliver on time. Otherwise other 124 guys will bang you if project got delayed or stoped or builder used your money to lauch another project.
So play on safer side and strike a deal in CLP and payment plan like this
1: Booking 1 Lakh + rest of 10% amount at project bankable
2. 10% on completion of first floor
3. 10% completion of 4th floor
4. 10% completion of 8th floor
5. 10% on 12th floor
6. 10% on 16th floor
7. 10% top floor
8. 10% on plaster complete
10. 10 %Internal work/tiling complete
11. 10% on offer of possession + all other charges
It's OK if you get same CLP rate like retail customer stress on builder to agree above payment plan because builder can not use your money to launch another project because you will pay what builder will construct.
If any builder agree on above payment plan then he is honest. So try your 125 strength to get better payment plan rather than Rs. 50 discuont.
Flexi payment+NOIDA land payment plan is used by builders to launch one after another projects.
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