What is CLP (Construction Linked Plan)?
Quick Answer: CLP is a payment plan where you pay the developer in installments tied to construction milestones. You pay 10% at booking, 10% at agreement, and the remaining 80% progressively as the building reaches specific stages like foundation, plinth, slab levels, and possession.
How CLP Works
Under a Construction-Linked Plan, your payments are directly connected to the physical progress of the project. This means you only pay more as the developer completes tangible construction work. This is the most common and safest payment plan for under-construction properties, and it is the plan offered by Fab Luxe Residences.
Typical CLP Milestone Schedule
- Booking (10%): Paid at the time of unit selection and booking
- Agreement (10%): Due within 30-90 days of booking
- Foundation (10%): When the building foundation is completed
- Plinth/Podium (10%): When the structure reaches ground level
- Per slab (5-10% each): At completion of every 5th or 10th floor
- Plastering (5%): When internal plastering is done
- Flooring/Fixtures (5%): When finishing work begins
- Possession (5-10%): At the time of handover
Advantages of CLP
- Risk mitigation: Your payments match construction progress, so less money is at risk if the project stalls
- RERA compliant: RERA mandates 70% of buyer funds go into an escrow account, making CLP the most aligned plan
- Gradual EMI increase: Bank loan disbursements happen in stages, so your EMI burden grows slowly
- Suitable for salaried buyers: The spread-out schedule fits monthly savings patterns
For a detailed comparison of CLP with other payment plans, read our complete guide on payment plans. Also see the Flexi Payment Plan as an alternative.