To increase the sales and clear the inventory, real estate developers are coming up with innovative and attractive offers. And one of the most attractive schemes is PLP plan (possession linked payment). It is also known as risk free investment opportunity. Before that the most popular plan was the CLP (construction linked payment). In CLP, the payment to developer was linked with construction and it was either by the buyer or the bank (from which the loan is taken), whereas in PLP plan the payment happens in two parts; first on the time of booking and second after getting the property ownership. In first part investor need to pay 18 – 30 % of the Basic Selling Price and in second part investor needs to pay the rest of the balance.
Advantages of PLP Plan:
The main benefit of PLP is that it ...
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