In the middle of different payment plans 'Possesion Linked Payment Plan (PLP)' is one of the most beneficial plans presented by builders. As its name suggests this schemes is directly linked to possession of the development. Under this plan, the payment can be demanded in 2 parts with different ratio which depends on market conditions and developers. These days real estate developers normally present this type of scheme to increase sales.
In new & upcoming developments 15:85 & 20:80 types of PLP plans are offered and middle stage of the construction normally demands 25:75 to 40:60. Some builders now these days are trying it to make more attractive with special offering like first part of the payment should be made in few days in small installments and Second main part of the payment as usual at the time of or near to the possession.
