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Shapoorji Pallonji offers limited payment plan for Imperial Avenue

Shapoorji Pallonji International Property Developers (SPIPD) has announced a limited payment plan for its Imperial Avenue residential property in Downtown Dubai

Investors will be offered an initial payment of 5%.
Investors will be offered an initial payment of 5%.

Shapoorji Pallonji International Property Developers (SPIPD) has announced a limited payment plan for its Imperial Avenue residential property in Downtown Dubai.

Investors will be offered an initial payment of 5% and the opportunity to pay 55% of the property value upon completion.

Following the 5% reservation amount, home owners will be required to pay an additional 10% of the property value within 60 days from booking.

Investors will also have the flexibility to complete seven installments of 4% each of the property value every three months and a final installment of 2% of the property value.

Rayomand Dastur, director - sales and marketing at SP International Property Developers (SPIPD), said: “Imperial Avenue is a premium residential development that offers larger living spaces in the heart of the city.

“With a booking fee as low as 5% and a flexible payment plan until completion, we want to support investors by reducing the monthly installments and providing peace of mind.”

Imperial Avenue, Shapoorji Pallonji’s first real estate project outside of India, is a G+25 story high-rise consisting of one-, two-, three-, and four bedroom apartments.

With a total of 424 apartments, the project includes four and five bedroom penthouse apartments, three bedroom villas, and four and five bedroom villas with private pools.

Project work is now 15% complete, with structural works expected to finish by June 2018, setting the project on track for a Q3 2019 handover.

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Construction Week - Issue 729
Feb 14, 2019