What NRIs can and cannot buy
| Stage |
Payment milestone |
Approx. % of agreement value |
Indicative timeline |
| Stage 1 |
EOI / Expression of Interest |
₹1 Lakh (refundable) |
Now – March 2026 |
| Stage 2 |
On booking (10%) |
10% |
At sales launch |
| Stage 3 |
On agreement signing (10%) |
10% |
Within 30–45 days of booking |
| Stage 4 |
On commencement of excavation |
10% |
Q2 2026 |
| Stage 5 |
On completion of foundation |
10% |
Q4 2026 |
| Stage 6 |
On completion of basement & parking |
10% |
Q2 2027 |
| Stage 7 |
On completion of ground floor slab |
10% |
Q4 2027 |
| Stage 8 |
On completion of structural frame (50% floors) |
10% |
Q2 2028 |
| Stage 9 |
On completion of full structure |
10% |
Q4 2028 |
| Stage 10 |
On completion of finishing & OC |
10% |
Q4 2029 |
| Stage 11 |
On possession |
Balance (incl. registration) |
Dec 2029 onwards |
How much do you pay at each stage? BHK-wise breakdowns
The table below shows the approximate rupee amount due at each major stage, based on indicative base pricing. Actual amounts depend on your specific unit, floor, tower facing, and final cost sheet.
What NRIs can and cannot buy
| Payment stage |
2 BHK (from ₹1.11 Cr) |
3 BHK (from ₹1.60 Cr) |
4 BHK (from ₹2.64 Cr) |
| EOI (refundable) |
₹1,00,000 |
₹1,00,000 |
₹1,00,000 |
| On booking (10%) |
₹11,10,000 |
₹16,00,000 |
₹26,40,000 |
| On agreement (10%) |
₹11,10,000 |
₹16,00,000 |
₹26,40,000 |
| Milestones 4–10 (60%) |
₹66,60,000 |
₹96,00,000 |
₹1,58,40,000 |
| On possession (10%) |
₹11,10,000 |
₹16,00,000 |
₹26,40,000 |
| Total (base price) |
₹1,11,00,000 |
₹1,60,00,000 |
₹2,64,00,000 |
Home loan for Purva Northern Lights
Since Purva Northern Lights is RERA-approved and developed by Puravankara Limited — one of India's most credit-rated developers (CRISIL / ICRA rated) — all major nationalised and private sector banks offer home loans against this project. Loan approvals are typically processed within 7–10 working days of document submission.
Who is eligible?
• Salaried employees with a minimum monthly income of ₹60,000
• Self-employed professionals with 2+ years of ITR history
• NRI buyers (subject to FEMA guidelines and NRE / NRO account requirements)
• Joint applicants (spouse, parents, or children) to enhance loan eligibility
Indicative home loan parameters (2026)
| Parameter |
Indicative range / detail |
| Interest rate |
8.50% – 9.25% p.a. (floating, varies by lender and profile) |
| Maximum tenure |
Up to 30 years |
| Maximum LTV |
Up to 75–80% of agreement value |
| Processing fee |
0.25% – 1% of loan amount (varies by bank) |
| Pre-EMI vs full EMI |
Pre-EMI (interest only) during construction; full EMI begins on possession |
| Loan disbursement |
Construction-linked; bank releases each tranche on milestone completion |
Approved lending partners
Puravankara has existing tie-ups with leading banks and HFCs. Buyers benefit from pre-negotiated interest rates, faster processing, and in-house documentation support. Key lending partners include SBI Home Loans, HDFC Ltd, ICICI Bank, Axis Bank, Bank of Baroda, Kotak Mahindra Bank, and LIC Housing Finance.
Estimated EMI guide
The table below shows approximate monthly EMI for different loan amounts at 9% p.a. interest for 20-year tenure. Use this as a planning reference. Actual EMI depends on your sanctioned rate, tenure, and bank.
Indicative home loan parameters (2026)
| Loan amount |
EMI at 9% / 20 years |
EMI at 8.75% / 20 years |
EMI at 8.5% / 20 years |
| ₹40 Lakhs |
₹35,989 |
₹35,340 |
₹34,697 |
| ₹60 Lakhs |
₹53,984 |
₹53,010 |
₹52,046 |
| ₹80 Lakhs |
₹71,978 |
₹70,680 |
₹69,395 |
| ₹1.00 Cr |
₹89,973 |
₹88,350 |
₹86,743 |
| ₹1.20 Cr |
₹1,07,967 |
₹1,06,020 |
₹1,04,092 |
| ₹1.40 Cr |
₹1,25,962 |
₹1,23,690 |
₹1,21,440 |
How RERA protects your payment
Purva Northern Lights is fully registered under Karnataka RERA for all three phases. This gives every buyer the following statutory protections:
NRI home loan eligibility criteria (indicative)
| RERA protection |
What it means for you |
| 70% escrow account |
At least 70% of your payment is held in a separate designated account and can only be used for construction of this specific project |
| Penalty for delay |
If possession is delayed beyond the RERA date, you are entitled to interest at SBI MCLR + 2% on all amounts paid |
| Title guarantee |
The developer must disclose all encumbrances, litigation, and approvals before accepting any payment |
| No unauthorised changes |
The developer cannot alter the sanctioned plan without the consent of 2/3rd of allottees |
| Defect liability |
Any structural defect reported within 5 years of possession is the developer's responsibility to repair at no cost |
| Grievance redressal |
You can file a complaint with the Karnataka RERA authority if any commitment is not met |
Additional charges to budget for
The base price covers your apartment's agreement value. When planning your total budget, factor in the following statutory and project-related charges. Your sales executive will provide exact figures in your personalised cost sheet.
Repatriation of sale proceeds
| Charge |
Approx. amount / rate |
When payable |
| GST (Goods & Services Tax) |
5% of agreement value (under-construction) |
At each stage of payment |
| Stamp duty |
~5.6% of guidance value or agreement value (higher) |
At registration |
| Registration charges |
~1% of property value |
At registration |
| Khata transfer fee |
As applicable per BBMP / Panchayat |
Post-possession |
| Car parking |
Separate (confirm with sales team) |
At agreement |
| Maintenance deposit |
Typically 24 months advance |
At possession |
| Legal / documentation charges |
Approx. ₹10,000–15,000 |
At agreement |
Frequently asked questions: payment plan
Can I change my unit after paying the EOI?
Yes. The EOI is an expression of interest, not a binding allocation. At the time of official booking (Stage 2), you will be offered unit selection based on availability. If your preferred unit is unavailable, the EOI is fully refundable.
When does my bank start disbursing the loan?
Your bank will inspect the site at each milestone and release the corresponding tranche to the developer directly. You pay pre-EMI (interest only on the disbursed amount) during construction. Full EMI begins after the final disbursement at possession.
What if I want to make a lump-sum payment instead?
Puravankara does offer a down-payment plan for buyers who prefer to pay 95–97% upfront in exchange for a negotiated price benefit. Contact the sales team to explore this option — it is typically available during the pre-launch window when early-bird pricing is in effect.
Are there any subvention or no-EMI-till-possession schemes?
Subvention schemes (where the developer pays pre-EMI on your behalf until possession) are subject to RBI and RERA guidelines and availability at the time of booking. Confirm with the sales team whether any such offer is active for your chosen unit.
What happens if the developer delays possession?
Under RERA, if possession is delayed beyond the registered date (December 2029 for Phase 1), you are entitled to a full refund with interest, or you may opt to continue with the project and receive interest compensation at SBI MCLR + 2% per annum on your paid amounts.
Can NRI buyers avail of home loans in India?
Yes. NRI buyers can avail home loans from Indian banks subject to FEMA guidelines. Loans are typically repaid through NRE / NRO account remittances or rental income. The bank will liaise with the developer on disbursements. Our team can connect you with banks that have dedicated NRI home loan desks.
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