The Normal Progressive Payment Scheme deals with New Launch EC Executive Condominium that are in the process of being built. It refers to payment by instalments, typically 5 – 10 percent, with each payment being made when a specific milestone is reached.
During the initial stages, payments are spaced far apart. Payments become more constant toward the second stage. For example, you would pay the developers one instalment when the foundation is built, one more when the walls are up, one more when the roof is finished, etc.