Affordable Luxury: Own Your Dream Home
Premium Living Doesn’t Have to Be Expensive
SkyLiving offers transparent pricing with flexible payment plans. Own a luxury apartment starting from ₹41K/month EMI—less than many premium rentals in Chennai.
Pricing: Crystal Clear, No Hidden Costs
2BHK Apartment
Base Price: ₹62L - ₹67L (varies by floor, view, corner unit)
Price Breakdown (₹62L Example):
- Basic property: ₹62L (inclusive)
- Registration & legal: Buyer covers (typical ₹1-1.5L)
- Possession charges: None (included in price)
- Maintenance deposit: ₹5K/month setup reserve
- Total cost to own: ₹63-64L
What’s Included:
- ✅ Premium finishes (Italian marble, German kitchen, smart home)
- ✅ All amenities access (gym, spa, pool, yoga, wine lounge)
- ✅ 24/7 security and concierge
- ✅ Parking (1 dedicated spot)
- ✅ 10-year structural guarantee
What’s NOT Included:
- ❌ Interior customization (optional, adds ₹5-10L if you want premium design)
- ❌ Landscaping premium areas (standard green spaces included)
- ❌ Premium parking (2nd spot available at extra cost)
3BHK Apartment
Base Price: ₹85L - ₹1Cr (varies by floor, location, view)
Price Breakdown (₹85L Example):
- Basic property: ₹85L (inclusive)
- Registration & legal: Buyer covers (typical ₹1.5-2L)
- Possession charges: None (included)
- Maintenance deposit: ₹7K/month setup reserve
- Total cost to own: ₹87-88L
What’s Included:
- ✅ Everything from 2BHK + extra bedroom
- ✅ Larger kitchen (dual-entrance option)
- ✅ Master bedroom with walk-in closet
- ✅ Extra bathroom with premium fixtures
- ✅ Larger balcony (city views)
EMI Calculator: How Much Per Month?
2BHK: ₹62L Purchase
Scenario: 20-Year Home Loan, 8% Interest
| Down Payment | Loan Amount | EMI/Month | Total Interest |
|---|---|---|---|
| ₹12.4L (20%) | ₹49.6L | ₹41,000 | ₹39.2L |
| ₹15.5L (25%) | ₹46.5L | ₹38,500 | ₹36.8L |
| ₹18.6L (30%) | ₹43.4L | ₹36,000 | ₹34.4L |
EMI Comparison:
- ₹41,000/month = Affordable for professional earning ₹12-15L/year
- Average rent for similar 2BHK in Chennai: ₹50-60K/month
- Verdict: EMI ≤ Rent! Own instead of paying landlord forever.
3BHK: ₹85L Purchase
Scenario: 20-Year Home Loan, 8% Interest
| Down Payment | Loan Amount | EMI/Month | Total Interest |
|---|---|---|---|
| ₹17L (20%) | ₹68L | ₹56,400 | ₹52.7L |
| ₹21.25L (25%) | ₹63.75L | ₹52,800 | ₹49.4L |
| ₹25.5L (30%) | ₹59.5L | ₹49,300 | ₹46.1L |
EMI Comparison:
- ₹56,400/month = Affordable for professional earning ₹16-20L/year
- Average rent for similar 3BHK in Chennai: ₹70-80K/month
- Verdict: EMI significantly less than rent! Smart financial move.
Payment Plans: Flexibility Built In
Plan 1: Standard 20-Year Home Loan (Most Popular)
How It Works:
- Booking: ₹5-10L deposit (gets you the unit)
- Construction Phase: 50% payment (12-18 months)
- Possession: Remaining balance via home loan
- EMI: Monthly payments over 20 years
Best For:
- Salaried professionals with stable income
- Those wanting to build equity over time
- Lower monthly commitment
- Tax benefits (interest deduction)
Timeline:
- Month 0: Book unit, pay ₹5-10L
- Month 12-18: Construction phase, pay ₹26-31L
- Month 24: Take possession, start ₹41K EMI
- Year 20: Own your home free & clear
Plan 2: Extended 25-Year Loan (Lower Monthly Payment)
How It Works:
- Same as 20-year, but spread over 25 years
- EMI reduces by ₹5-7K/month
- Additional interest paid (~₹5-8L more total)
Comparison:
- 20-year @ 8%: ₹41,000/month
- 25-year @ 8%: ₹36,000/month
- Difference: ₹5,000/month lower payment
Best For:
- Those wanting maximum monthly flexibility
- Self-employed with variable income
- Prefer lower obligation, comfortable with longer timeline
Plan 3: Accelerated 15-Year Loan (Quicker Ownership)
How It Works:
- Pay off faster with higher monthly EMI
- Significantly less total interest paid
- Own free & clear in 15 years instead of 20
Comparison:
- 20-year @ 8%: ₹41,000/month, ₹39.2L interest
- 15-year @ 8%: ₹47,000/month, ₹30L interest
- Saves: ₹9L interest, own 5 years earlier
Best For:
- High-earning professionals
- Those who want to own early
- Priority: Minimal total interest payment
Plan 4: Bulk Payment (10-15 Years, Save ₹10L+)
How It Works:
- Pay ₹75% upfront (gets you ₹10% discount on interest)
- Finance only ₹25% via home loan
- Own home much faster with lower interest
Example: ₹62L Property
- Pay ₹46.5L upfront
- Finance ₹15.5L only
- EMI: ₹12,800/month for 15 years
- Saves: ₹20L in interest + own early
Best For:
- NRI investors with foreign funds
- Business owners with cash reserves
- Those prioritizing ownership over cash flow
Bank Loan Options
Which Banks Work Here?
All Major Banks Pre-Approved:
✅ HDFC Bank (fastest approval)
✅ ICICI Bank (good rates)
✅ Axis Bank (flexible terms)
✅ Kotak Mahindra (premium service)
✅ SBI (government bank, lowest interest)
✅ IDBI, Canara, Others
Approval Timeline: 15-20 days with pre-approval letter
Interest Rates: 8-9.5% depending on credit score and bank
- Excellent credit (750+): 8.0-8.5%
- Good credit (700-750): 8.5-9.0%
- Fair credit (650-700): 9.0-9.5%
Loan Amount Eligibility
Banks Typically Approve Up To:
- 75-80% of property value
- 50% of monthly income (max EMI)
- Maximum loan: ₹50L for salaried, ₹30L for self-employed
Your Income Requirement:
- ₹62L property, ₹41K EMI → Need ₹12L+ annual income
- ₹85L property, ₹56K EMI → Need ₹16L+ annual income
We can help with:
- Pre-approval letter from any bank
- Loan processing documentation
- EMI calculation for your exact scenario
- Multiple bank quote comparison
Tax Benefits: Government Supports Your Purchase
Home Loan Interest Deduction (Section 24)
Annual Deduction: ₹2L maximum on home loan interest
Calculation Example (₹62L property, 8% loan):
- Total interest in Year 1: ₹39.8K
- Government allows you to deduct: ₹39.8K (all of it)
- Tax saved: ₹39.8K × 30% = ₹12K/year
- Effective loan cost drops to 7.7% (vs 8% nominal)
Over 20 Years:
- Total interest paid: ₹39.2L
- Tax savings (₹2L cap/year applies): ₹12L-15L lifetime
- Net interest cost to you: ₹24-27L (not ₹39L)
Principal Repayment (No Direct Tax, But Wealth Building)
Every ₹41K EMI:
- ₹32.7K goes to loan principal (building your equity)
- ₹8.3K goes to interest (tax deductible ₹2L cap applies)
Wealth Building Over Time:
- Year 1: Own 3% of property
- Year 5: Own 25% of property
- Year 10: Own 50% of property (half-way!)
- Year 20: Own 100% (property is yours free & clear)
First-Time Home Buyer Benefits
Additional Tax Benefits:
- Extra deduction available under Section 80EE (if applicable)
- ₹50K additional interest deduction (in certain cases)
- Stamp duty benefits vary by state
Check with CA: State-specific benefits apply
Total Cost of Ownership: Real Numbers
2BHK @ ₹62L Over 20 Years
Scenario: 20% down payment, 8% interest, 20-year loan
| Component | Amount |
|---|---|
| Purchase Cost | |
| Property price | ₹62L |
| Registration/legal | ₹1L |
| Loan Details | |
| Down payment | ₹12.4L (₹62L × 20%) |
| Loan amount | ₹49.6L |
| Total interest (20 years) | ₹39.2L |
| Tax savings on interest (₹2L cap × 30%) | -₹12L |
| Net interest cost | ₹27.2L |
| Monthly Costs | /month |
| EMI | ₹41,000 |
| Maintenance (₹5K/month) | ₹5,000 |
| Property tax (approx) | ₹500 |
| Insurance (approx) | ₹500 |
| Total Monthly | ₹47,000 |
| Comparison | |
| Rent for similar apartment | ₹50-60K |
| Your monthly cost | ₹47K |
| Monthly savings | ₹3-13K |
| 20-Year Total Cost | |
| EMI + maintenance + tax | ₹11.28L |
| Property value (estimate) | ₹80-95L |
| Net cost of ownership | ₹3.28-6.28L |
| (vs buying luxury elsewhere) |
Bottom Line: You pay less monthly than renting AND own ₹80-95L asset at the end!
Payment Schedule Example
For ₹62L 2BHK (20% down, 20-year, 8% rate)
Booking (Month 0):
- Booking amount: ₹5-10L
- Registration: ₹1L
- Possession timeline: 24 months
Construction Phase (Months 1-12):
- Progress payment: ₹15L at 25% construction
- Progress payment: ₹15L at 50% construction
Pre-Possession (Months 13-24):
- Final amount before possession: ₹16L at 75% construction
At Possession (Month 24):
- Balance payment: ₹12.4L (financed via home loan)
- Bank disburses loan directly to builder
- You get keys!
- Start paying ₹41K EMI from Month 25
Total Outlay Before Loan:
- Months 0-24: ₹51-56L paid by you
- Month 24 onwards: ₹41K/month via home loan
Special Offers & Discounts
Builder Payment Discounts
If you pay 100% cash by possession:
- Discount available: ₹2-3L (3-5% off price)
- Example: ₹62L becomes ₹59-60L
Early Bird Booking Discount
Limited-time offer (Act now!):
- ₹1-2L discount on bookings made before April 30, 2026
- Special EMI rates (0.5% below market)
Referral Program
Refer a friend, earn bonus:
- For every successful referral: ₹50K bonus towards your possession
- Cap: ₹5L maximum referral earnings
Financial Scenarios: Find Your Best Plan
Scenario 1: Young Professional (₹15L salary)
- Property Choice: 2BHK @ ₹62L
- Down Payment: ₹12.4L (accumulated over 2 years)
- Home Loan: ₹49.6L @ 8.5% for 20 years
- EMI: ₹42,500/month
- As % of Salary: 34% (acceptable)
- Tax Benefit: ₹12K/year
- Best Plan: Standard 20-year
Scenario 2: Mid-Career Executive (₹25L salary)
- Property Choice: 3BHK @ ₹85L
- Down Payment: ₹25.5L (30%)
- Home Loan: ₹59.5L @ 8% for 20 years
- EMI: ₹49,300/month
- As % of Salary: 24% (comfortable)
- Tax Benefit: ₹18K/year
- Best Plan: 15-year accelerated (own in 15 years, save ₹10L interest)
Scenario 3: NRI Investor (USD income)
- Property Choice: 2BHK @ ₹62L (USD 7,400)
- Down Payment: ₹31L (50%) from foreign remittance
- Home Loan: ₹31L @ 8% for 15 years
- EMI: ₹24,700/month (USD 300/month!)
- Rental Income: ₹55K/month (USD 660 = EMI + profit!)
- Best Plan: NRI Special — Finance 50%, rent out, cash flow positive
Rent vs Buy Analysis
Living in Bangalore Apartment (Rent)
Monthly Cost:
- Rent: ₹60,000
- Maintenance included in rent
- No wealth building
- Landlord can evict with notice
10-Year Outlook:
- Rent paid (10 years): ₹72L
- Value gained: ₹0
- Landlord owns property worth ₹95L+ (you gave them profit!)
Owning SkyLiving (Buy)
Monthly Cost:
- EMI: ₹41,000
- Maintenance: ₹5,000
- Tax/insurance: ₹1,000
- Total: ₹47,000
10-Year Outlook:
- Amount paid: ₹56.4L
- Property worth: ₹80-95L (appreciated 5-7% annually)
- Equity built: ₹35-40L
- You own the property!
Financial Advantage (Over 10 Years):
- Rent cost: ₹72L (all gone)
- Buy cost: ₹56.4L (own ₹35-40L equity)
- You save ₹15.6L in net costs AND own ₹35-40L asset
20-Year Advantage:
- Rent cost: ₹144L (all gone)
- Buy cost: ₹110.4L (own ₹62-95L property)
- You save ₹33.6L AND own property free & clear
Ready to Own Your Dream Home?
✅ Transparent Pricing - No hidden costs, crystal clear breakdown
✅ Flexible EMI - ₹41K/month for 2BHK, less than most rents
✅ Multiple Plans - 15/20/25-year loans, bulk payment options
✅ Bank Approved - All major banks pre-approved, 15-day approval
✅ Tax Benefits - ₹12-18K annual tax savings on interest
✅ Affordable Luxury - Premium finishes, amenities, all included
✅ Wealth Building - Own free & clear in 15-20 years
✅ Better Than Rent - Same monthly cost, own the property
Get Your Customized Payment Plan
Schedule a financial consultation - Our CA will calculate your exact EMI, tax benefits, and best payment plan based on your salary and preferences.
Or chat with our finance advisor - Instant EMI calculator, loan comparison, and payment plan options.
Stop renting. Start owning. SkyLiving makes luxury affordable. 💰