How you pay for an under-construction flat matters almost as much as how much you pay. The two most common structures in Jaipur's market work very differently.

Construction-Linked Plan (CLP)

Under a CLP, you pay in instalments tied to actual construction milestones — for example, a percentage on booking, another on foundation completion, further tranches at each floor slab, and a final instalment at possession. This aligns your outflow with visible progress, which is reassuring, but it also means your payment schedule (and therefore your loan disbursement schedule, if you're financing) can shift if construction is delayed.

Possession-Linked Plan (PLP) / Down-Payment Plan

Here, you pay the large majority of the price upfront — often 10-15% on booking and the balance shortly after, well before possession — sometimes in exchange for a discount from the developer. This gives you price certainty and can lock in a lower effective rate, but it concentrates your risk: if the project is delayed, your money is sitting with the developer for longer with less linkage to visible progress.

Subvention schemes

Some developers offer subvention plans where a bank disburses most of the loan upfront to the builder, and the builder pays the pre-EMI interest on your behalf until possession. These can look attractive on paper but shift real risk onto the buyer if the developer defaults on those interest payments — read the tripartite agreement between you, the bank and the builder very carefully, and note that many banks have become more cautious about subvention schemes in recent years.

How to choose