M3M has introduced a new payment plan that is gaining significant traction in the market. This plan provides flexibility to buyers and investors by offering multiple payment structures. The core concept revolves around phased payments, allowing buyers to spread their financial commitments over a period.
The payment structure consists of:
- 20% now, 30% at superstructure completion, 30% at the application of Occupancy Certificate (OC), and 20% two years after OC.
- 30% now, 20% at superstructure, 20% at OC application, and 30% two years after OC.
- 40% now, 10% at superstructure, 10% at OC application, and 40% two years after OC.
- 50% now and the remaining 50% after possession, approximately five to six years later.
Each plan offers unique advantages based on buyers’ financial capacity and investment goals.
How Does It Work?
Let’s take a hypothetical example to understand the workings of this payment scheme:
- Suppose you are purchasing a 2000 sq. ft. unit in M3M Mansion at ₹20,000 per sq. ft., making the total cost ₹4 Crore.
- Under the 20–30–30–20 plan, you pay ₹80 Lakh upfront, then ₹1.2 Crore at superstructure completion, another ₹1.2 Crore at OC application, and the final ₹80 Lakh two years after OC.
- If you choose the 30–20–20–30 plan, your upfront payment increases to ₹1.2 Crore, but you get more time for the remaining payments.
- The 40–10–10–40 plan reduces mid-term payments, providing more liquidity.
- The 50–50 plan is particularly attractive as it delays half of the payment until after possession, ensuring significant appreciation in property value before the final payment.
Why is this Payment Plan Special?
The P4 scheme is different from traditional plans due to the following benefits:
- Delayed Financial Burden: Buyers can enjoy the benefits of possession while deferring a substantial portion of the payment.
- Appreciation Potential: Property values are expected to rise over time, allowing buyers to gain substantial returns.
- Flexible Investment: Investors can optimize their capital allocation based on their financial strategy.
- Strategic Cash Flow Management: Ideal for those who do not want to block large funds upfront.
Applicable Projects
The P4 Payment Plan is applicable in multiple M3M projects across Gurugram. Here are the key projects where this scheme is offered:
- Golf Course Extension Road
- M3M Altitude (Sector 65)
- M3M Opus (Sector 66)
2. SPR & New Gurugram
- M3M Gold Rush
- M3M Natalia Hills
- M3M Solitude
3. Dwarka Expressway & Delhi
- M3M Mansion
- M3M Capital
- M3M Crown
- M3M Smart World
Existing Investors: How Can You Benefit?
For existing M3M investors, the developer offers instant liquidity through a buy-back and upgrade option. This allows investors to sell their current units at builder-offered rates and move into a higher category property.
Here’s how it works:
- Suppose you own an M3M Capital unit (2000 sq. ft.) purchased at ₹10,000 per sq. ft. (Total ₹4 Crore).
- The builder offers a buy-back at ₹16,000 per sq. ft., which translates to ₹2.4 Crore including 1.20 Cr (60%) paid amount and 6000 x 2000 sqft profit 1.20 Crore So total 2.40 Cr will be considered
- If you’ve paid 60% (₹2.4 Crore) as above, the remaining balance plus profit is adjusted against the new purchase as per the payment plan you choose either 20:30:30:20, 30: 20:20:30 or 50:50 .
- This enables seamless upgradation to a larger or premium unit without liquidity concerns.
- Other Benefits like No cash involvement, No Brokerage, Clear Title, No Paper Work for Transfer, No Transfer Charges to the Builder that can save aprrox — 15 to 20 lakhs at least.
- Example of the same
Resale Price to be Considered for Instant Liquidity of Previous M3M Projects
Key Advantages of Builder Buy-Back Option
- No Brokerage Fees: Direct transaction with the builder eliminates brokerage costs.
- Hassle-Free Documentation: No need to deal with resellers or legal paperwork.
- Time-Saving: Faster liquidation and reinvestment process.
- Tax Efficiency: No tax complications due to direct transfer via the developer.
Who Should Consider the P4 Payment Plan?
- New Home Buyers: Ideal for those looking to buy a home with manageable financial outflows.
- Investors: Suitable for investors aiming for high capital appreciation with minimal initial capital.
- Existing Owners: Those wanting to upgrade to a premium property using the buy-back model.
Conclusion
The M3M P4 Payment Plan is an innovative and strategic approach to real estate investment. It caters to both new buyers and existing investors, offering financial flexibility, high appreciation potential, and risk-free transactions. Whether you’re looking to buy, upgrade, or invest, this scheme presents a lucrative opportunity in Gurugram’s premium real estate market.