Nambiar Beverly Park Payment Plan
Nambiar Builders has not published a payment schedule for this project. No milestone list, no percentages and no due dates have been released, and this page invents none. What follows is an illustrative account of how construction-linked payment normally works when a built villa is being sold — the shape of the instrument, the stages it usually keys to, and the questions to ask about it — so that you can read the real schedule intelligently when it arrives. The binding terms will come with the K-RERA-registered agreement for sale, and nothing before that is a commitment on either side.
The distinction matters at Nambiar Beverly Park because what is being conveyed is a completed G+2 villa, not a land parcel for the buyer to build on. That puts the transaction in construction-linked territory rather than the outright-payment territory of a land sale: the buyer pays against progress on a house the developer is building, over the period the house takes to build. Villas here are indicatively priced from ₹5.48 Cr for a 35 × 55 and ₹6.82 Cr for a 40 × 63, inside a band of ₹5.48 Cr to ₹7.29 Cr — figures that already include the development and infrastructure charge and 5% GST, and exclude registration and stamp duty.
K-RERA registration for this project has been applied for; approval is expected by 20 August 2026 and no registration number has been allotted. Until it is, there is no registered agreement for sale, and therefore no enforceable payment schedule. Any figure quoted now is an indicative marketing reference, subject to change. Verify status at rera.karnataka.gov.in.
Read this page alongside the cost sheet explainer, which sets out what the total is built from, and charges and GST, which covers the heads that fall outside it.
How a Construction-Linked Plan Works
A construction-linked plan does one job: it splits the total into instalments and attaches each instalment to a verifiable event on site. The buyer pays as the house rises; the developer funds construction from the proceeds. Three features define the instrument, and they are worth understanding before any numbers are attached.
Instalments key to milestones, not to dates
Each demand is triggered by a physical stage being reached — a slab cast, a structure topped out, a stage of finishing completed — rather than by the calendar. If work slows, the demand slows with it. That is the buyer's principal protection in this form of plan, and it is why the milestone definitions in the agreement matter more than the percentages attached to them.
The stages a villa plan usually keys to
For a G+2 villa the natural stages follow the build: an amount at booking, a further amount on execution of the agreement, then a sequence tracking excavation and foundation, the ground-floor slab, the first-floor slab, the second-floor slab that carries the terrace level, blockwork and roofing, internal plaster, flooring and joinery, external finishing and services, and a final tranche at handover along with registration. How the total is divided across those stages is not something we can state for this project, because Nambiar has published no schedule for it. Any percentage you see attributed to this project should be treated as unsourced until it appears in the registered agreement.
Demands are raised in writing, against evidence
A demand note should name the milestone, state the amount, and be capable of being checked against the site. Buyers are entitled to ask for evidence that the stage has actually been reached before releasing funds, and lenders disbursing in tranches will usually insist on it independently.
Where the Binding Schedule Comes From
Two legal points bear directly on payment at the pre-launch stage, and both are in the buyer's favour.
The 10% limit before an agreement for sale
Section 13(1) of the Real Estate (Regulation and Development) Act, 2016 provides that a promoter shall not accept a sum exceeding ten per cent of the cost of the apartment, plot or building as an advance payment or application fee without first entering into a written agreement for sale and registering it. The cap covers the whole of what is collected up front, whatever it is called — token, application fee or expression of interest. The statute is at indiacode.nic.in.
The schedule lives in the registered agreement
The same section requires the agreement for sale to specify the particulars of development, the specifications, and the dates and manner in which payments are to be made, along with the date of handover and the interest payable by either side on default. That is the document in which this project's payment schedule will first exist in binding form. Until K-RERA registration is granted and that agreement is executed, there is no schedule to sign up to — which is also why this site uses expression-of-interest language rather than booking language.
What to check when the schedule is published
- Whether each milestone is defined physically and unambiguously, so that "first-floor slab" cannot be read two ways
- Whether the amount collected before the registered agreement stays inside the statutory ten per cent
- What interest the developer pays the buyer on delay, and the buyer pays on late instalments — the agreement must state both
- Whether GST is shown on each instalment or only on the total, and at what rate
- When the development and infrastructure charge and any preferential-location charge fall due, since both form part of the base sale value
- Whether registration and stamp duty are collected at the final tranche, and on what value they are computed
Planning the Cash Flow
Independent of the schedule, three things about cash flow at this ticket size are worth planning for now.
The self-funded portion arrives early
Lenders fund a proportion of the property value and the buyer funds the rest, and the buyer's share is generally consumed first, before disbursement begins. On a villa in the ₹5.48 Cr to ₹7.29 Cr band that opening requirement is substantial in absolute terms. Working through it on the EMI calculator before committing is the practical step.
Registration and stamp duty are separate, and late
They are excluded from the quoted price, are usually not financed, and fall due around registration of the sale deed — that is, at the end, when the self-funded reserve has already been spent. Budget them as a distinct pot rather than as part of the instalment plan.
Interest during construction
Where a loan disburses in tranches, most lenders charge interest only on the amount disbursed until the loan is fully drawn, with full EMIs beginning afterwards. The exact treatment varies by lender and belongs in the sanction letter, not in a schedule published by the developer.
What we can confirm today
- The indicative band is ₹5.48 Cr to ₹7.29 Cr, at ₹13,499 per sq.ft. of saleable area
- Those figures include the development and infrastructure charge and 5% GST
- Registration, stamp duty and maintenance fall outside them
- No payment schedule, launch date or possession date has been announced, and we do not publish one
- K-RERA registration has been applied for; approval is expected by 20 August 2026 and no number has been allotted
Frequently Asked Questions
1. What is the payment plan for Nambiar Beverly Park?
It has not been published. Nambiar Builders has released no payment schedule for this project, and no milestone percentages exist for it in the public domain. The binding schedule will form part of the K-RERA-registered agreement for sale once registration is granted.
2. Then what is this page for?
To explain, illustratively, what a construction-linked plan of this type normally contains — milestone-linked instalments, the stages a villa build usually keys to, and the statutory limits on collection before an agreement — so that the actual schedule can be read critically when it appears.
3. How much can the developer collect before an agreement for sale?
Section 13(1) of the Real Estate (Regulation and Development) Act, 2016 caps advance collection at ten per cent of the cost of the unit before a written agreement for sale is entered into and registered. The cap covers all up-front sums however they are labelled.
4. Is the payment linked to construction stages or to dates?
In a construction-linked plan, to stages. Each instalment is triggered by a physical milestone rather than by the calendar, which is why the milestone definitions in the agreement matter as much as the amounts.
5. Does GST apply to each instalment?
GST at 5% applies to the sale of the under-construction villa, and it is already included in the indicative figures on this site. Whether it is shown instalment by instalment or only against the total is one to check when the schedule is issued.
6. Can I reserve a villa now?
You can register your interest, which places you on the list to receive the current indicative figures and the schedule when it is released. It creates no right over a particular plot, and no booking should be made before K-RERA registration is in place.
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