Milan at Godrej MSR City Payment Plan
Milan at Godrej MSR City follows a 10-stage construction-linked payment plan. Each stage is 10% of the unit price. The first instalment falls due at booking in September 2026 and the last on possession in March 2032.
A construction-linked plan ties your money to work on the ground. You pay as slabs go up, not on a calendar. If the build slows, the next call slows with it.
The schedule below is the indicative plan. The binding version is the one written into the K-RERA-approved Agreement of Sale once registration is issued.
The Milestone Payment Schedule
Ten stages, 10% each, spread across roughly five and a half years.
| Stage | Milestone | Share | Indicative timing |
| 1 | Booking amount | 10% | September 2026 |
| 2 | Agreement to sell | 10% | Within 30–45 days of booking |
| 3 | Foundation and footing complete | 10% | Q1 2027 |
| 4 | Plinth level complete | 10% | Q2 2027 |
| 5 | 5th-floor slab complete | 10% | Q4 2027 |
| 6 | 10th-floor slab complete | 10% | Q2 2028 |
| 7 | Superstructure to 15th floor complete | 10% | Q4 2028 |
| 8 | Masonry and plastering | 10% | Q2 2029 |
| 9 | Flooring and fittings | 10% | Q4 2029 |
| 10 | On possession | 10% | 10 March 2032 |
No single call exceeds 10%. That suits a buyer funding the purchase from salary and staged loan disbursement, rather than one who needs to find 40% inside a year.
What Each Milestone Means on a High-Rise
Foundation and plinth
Milan runs two basement levels under every tower. Foundation and plinth work is the slowest visible phase and the most expensive underground. Stages 3 and 4 cover it.
Slab milestones
Each tower rises 15 floors above the basements. Stages 5, 6 and 7 track the 5th slab, the 10th slab and topping out at the 15th. Slab progress is the clearest signal a project is moving, and it is what quarterly RERA filings report.
Finishing stages
Stages 8 and 9 cover masonry, plastering, flooring and fittings. This is where the specification sheet becomes visible — vitrified tile, laminated wood, the sanitary and electrical brands.
Possession
The final 10% falls due at handover. Hold it until you have inspected the unit. It is the only leverage a buyer keeps at the end.
Why construction-linked matters
The alternative is a time-linked plan, where instalments fall due on fixed dates whether or not anything is built. On a six-year horizon that difference is material.
With stages tied to slabs, a stalled site means a stalled payment call. Your exposure tracks what actually exists. That is the single strongest buyer protection in the structure.
Once RERA registration is issued, the promoter must also file quarterly progress reports. Slab progress then becomes publicly checkable rather than something you take on trust.
Booking Amount by Configuration
Booking is the first 10%. It reserves your unit on the Phase 3 inventory and holds the pre-launch price.
| Configuration | Saleable area | Price | Booking (10%) |
| 2 BHK | 1,250 sq ft | ₹1.62 Cr | ₹16.20 Lakhs |
| 3 BHK-2T | 1,610 sq ft | ₹2.17 Cr | ₹21.70 Lakhs |
| 3 BHK-3T | 1,950 sq ft | ₹2.73 Cr | ₹27.30 Lakhs |
Cheques are drawn in favour of M S Ramaiah Ventures LLP, the registered promoter. Do not pay into any other account, and ask for a receipt naming the entity.
What booking secures, and what it does not
Booking reserves a unit and holds the pre-launch price. It gives you first pick of floor, facing and tower while inventory is open.
It does not transfer ownership. No binding sale agreement can be executed before RERA registration is issued. Until then a booking is a commercial reservation, not a legal conveyance.
Ask for the booking terms in writing. Get the refund position stated plainly, including what happens if you withdraw before the Agreement of Sale is executed.
Charges That Sit Outside the Payment Schedule
The ten stages cover the unit price. Several charges sit on top and are not part of the 10% rhythm.
- GST — 5% without input tax credit on under-construction apartments
- Stamp duty — 5% in Karnataka above ₹45 Lakhs
- Registration — 1% on the same base
- TDS — 1% on transactions above ₹50 Lakhs; every Milan configuration crosses it
- Clubhouse and maintenance deposits — one-time, itemised in the cost sheet
- Floor rise and preferred-location charges — vary by floor and facing
On a ₹1.62 Cr 2 BHK, stamp duty and registration alone add roughly ₹9.72 Lakhs. Budget for them separately from the milestone calls.
Funding a Construction-Linked Plan
Most buyers fund the middle stages with a home loan. The lender disburses against the same milestones the promoter bills against, so the two schedules line up.
Pre-EMI during construction
While the loan is partly disbursed you usually pay interest only on the amount drawn. That is the pre-EMI period. Full EMI starts once the loan is fully disbursed.
On a six-year build that pre-EMI window is long. Model it before you commit — it is the cost most buyers underestimate on an under-construction purchase.
What lenders need first
Banks fund RERA-registered projects readily. Milan is pre-RERA today, so formal home-loan sanction against the project follows registration. Ask your lender what they will commit to in the interim.
How the Payment Plan Fits the Full Cost
The milestone plan is the spine of the outgo, not the whole of it. Here is the shape of a 2 BHK purchase.
| Component | Basis | Indicative |
| Unit price | 10 stages of 10% | ₹1.62 Cr |
| Stamp duty + registration | 6% of consideration | ₹9.72 Lakhs |
| GST | 5% without input tax credit | as itemised in the cost sheet |
| Deposits and charges | clubhouse, maintenance, utility connection | as itemised in the cost sheet |
Figures are indicative marketing references derived from the published start price. Milan is pre-RERA — the K-RERA-approved cost sheet and Agreement of Sale will govern once registration is issued. Verify at rera.karnataka.gov.in before you pay anything.
Frequently Asked Questions
1. Is the payment plan construction-linked or time-linked?
It is construction-linked. Stages 3 to 9 release against verified build milestones — foundation, plinth, the 5th, 10th and 15th slabs, then masonry and finishing. Only booking, agreement and possession are tied to dates rather than site progress.
2. How much do I pay to book?
10% of the unit price. That is ₹16.20 Lakhs for a 2 BHK, ₹21.70 Lakhs for a 3 BHK-2T and ₹27.30 Lakhs for a 3 BHK-3T. Cheques are drawn in favour of M S Ramaiah Ventures LLP, the registered promoter.
3. Does the 10-stage plan include GST and stamp duty?
No. The ten stages cover the unit price only. GST at 5% without input tax credit, Karnataka stamp duty at 5%, registration at 1% and TDS at 1% all sit outside the schedule.
4. Can I pay faster than the milestone schedule?
Down-payment and part-payment variations are sometimes offered at launch, occasionally with a discount. Nothing is published for Milan yet. Ask for any alternative plan in writing before you commit.
5. What happens to the schedule if construction is delayed?
A construction-linked plan protects you here — if a slab is not cast, that stage is not called. Once K-RERA registration is issued, the promoter must also file quarterly progress reports, so slippage becomes publicly visible at rera.karnataka.gov.in.
6. Is the schedule final?
No. It is a pre-launch marketing reference. The binding version is the one in the K-RERA-approved Agreement of Sale. Read that document before signing.
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