Rustomjee Offers a Developer-Funded Payment Plan for Homebuyers
See what Rustomjee offers homebuyers: a developer-funded payment plan with 10% on booking, a further 10% nearing OC, and no EMI till possession across its Mumbai homes.
Buying an under-construction home in Mumbai usually means juggling rent and EMI at the same time for years, well before the keys ever arrive. What Rustomjee offers changes that equation: a developer-funded CLP Pre-EMI payment plan built around a low entry point, a prepaid interest window, and bank funding that only kicks in as construction actually happens.
A quick summary:
- The plan opens with a low 10% booking amount and closes with a further 10% near the Occupation Certificate (OC) date.
- Rustomjee prepays the loan interest during construction, so there's no EMI until possession.
- ICICI Bank and Axis Bank fund the balance, released across construction milestones.
- Every participating project is MahaRERA-registered, with buyer funds held in escrow.
How to Read What Rustomjee Offers?
This isn't a discount list; it's the structure of the payment offer itself, and the components below aren't ranked in any order of importance. Each piece fits with the others, so it's worth seeing how they connect before you book.
A Low 10% Booking to Reserve Your Home
The first component is deliberately light: you reserve your home with just 10% of the Agreement Value at booking, rather than the larger upfront commitment a conventional purchase would demand. Statutory charges, stamp duty, registration, GST, and TDS sit outside this figure and remain the buyer's own outlay, paid separately as they fall due through the transaction.
No EMI Till Possession During Construction
Through the fixed CLP Pre-EMI period, Rustomjee prepays the interest on whatever portion of the loan has been disbursed, so you pay no EMI and no pre-EMI while the home is being built. That removes the classic rent-plus-EMI squeeze that under-construction buyers usually carry right up until possession, freeing up cash flow for the years the building is actually going up.
A Further 10% Only Nearing the OC Date
Your second and final direct instalment doesn't arrive until the project is nearing its Occupancy Certificate (OC): a further 10% of the Agreement Value. Between booking and this point, your own outlay stays light and entirely predictable, with no surprise instalments in between, and no construction-linked milestone payments falling on your own shoulders since the loan handles that portion instead.
Home Loan Funding Through ICICI Bank and Axis Bank
An approved home loan through ICICI Bank or Axis Bank funds 75% of the Agreement Value across construction milestones, with the final 5% released at final demand. Loan funding is capped at 80% of the Agreement Value, and sanction rests entirely with the lender's own assessment of income, credit score, and eligibility, not a guaranteed feature of booking a unit.
MahaRERA-Secured Payments
Every project on this offer is MahaRERA-registered, which means your payments sit in a dedicated escrow account and only release against verified construction milestones, not on a developer's say-so. Under MahaRERA's own regulations, developers are required to deposit 70% of funds collected from buyers into that escrow account, reserved solely for construction and land costs.
A tripartite agreement binds you, Rustomjee, and the bank together, with defined recourse if delays occur. According to the Income Tax Department, buyers must separately deduct 1% TDS on any property purchase valued at ₹50 lakh or more, a statutory obligation that sits outside the loan and outside Rustomjee's offer, and is worth budgeting for from day one.
Read Also: What is RERA Approved?
The Offer Across Rustomjee's Under-Construction Homes
The CLP Pre-EMI structure isn't a one-off; it's Rustomjee's standard framework for eligible under-construction phases. Rustomjee Crown in Prabhadevi is a confirmed example: its under-construction Tower C runs on exactly this plan, while the project's ready Towers A and B follow a different, standard down-payment structure with regular EMI from disbursement, a reminder that terms can vary even within a single address.
Here's a quick look at a few others:
The Rustomjee Offer at a Glance
Whichever tower you choose, the payment mechanics stay the same. Here's how the structure breaks down:
Before booking, confirm the current cost sheet and check your own eligibility with the partner bank.
Read Also: Financial Planning for a Luxury Home Purchase: What Buyers Need to Know
Frequently Asked Questions
A developer-funded CLP Pre-EMI payment plan: 10% on booking, no EMI during construction since Rustomjee prepays the interest, a further 10% near the OC date, and the balance funded by ICICI Bank or Axis Bank across construction milestones, right through to final demand.
No. Rustomjee prepays the interest on the disbursed loan amount for the fixed CLP Pre-EMI period, so you owe no EMI and no pre-EMI until that period ends, right around possession, when regular repayment finally begins.
ICICI Bank and Axis Bank currently fund this plan, financing 75% of the Agreement Value across construction milestones and the final 5% at final demand, subject to each bank's own sanction and eligibility criteria for the applicant.
No. Stamp duty, registration, GST, and TDS sit outside the payment plan entirely and are paid directly by the buyer, separate from the booking amount, the OC-linked instalment, and the loan-funded balance covered by the bank.
