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Payment Facilities and Services

Services

Owner Behalf Sale of Houses or Lands

  • Valuation and Survey of Property.
  • Conducting Public Tenders for Disposal of Property.
  • Conducting Advertising Campaigns for Property Disposal.
  • Joint ventures for Development and sale of Lands.

Payment Terms

  • For payment being made by customer.
  • Non-Refundable reservation fee of Rs. 100,000/-
  • Upto 25% the purchase price (Less Reservation Fee) within one month of reservation.

CONSTRUCTION TO COMMENCE ON PAYMENT OF 25%

  • 20% after one month from commencement of construction
  • 20% after two month from commencement of construction
  • 15% after three month from commencement of construction
  • 10% after four month from commencement of construction
  • 10% on submission of C.O.C ( Certificate of Conformity )
  • Single Storey Houses will be completed in 6 months whilst the two storey houses will take 8 months.

For customers Availing of Housing Loans.

  • Non-Refundable reservation fee of Rs. 100,000/-
  • Upto 25% the purchase price ( Less reservation fee ) within one month of reservation.

CONSTRUCTION TO COMMENCE ON PAYMENT OF 25% AND RECEIPT OF LETTER FROM BANK GRANTING THE LOAN, CONFIRMING THE LOAN IS GRANTED

  • The loan will be availed of by People’s Merchant Finance PLC on completion and handing over of the C.O.C.
  • However as the house will be constructed with People’s Merchant Finance PLC  funds in the form of a Bridging Finance Loan interest will be charged on the release of fund as per following schedule at the prevailing NSB Housing Loan Rate.
  • 20% after one months from commencement of construction.
  • 20% after two months from commencement of construction.
  • 15% after three months from commencement of construction.
  • 15% after four months from commencement of construction.
  • 10% on submission of C.O.C ( Certificate of Conformity )