Lodha Altero Booking Process Guide 2026 — How to Book, Payment Plan & What to Watch

The Altero Booking Journey: What to Expect

Booking a ₹2.09 Cr+ under-construction apartment is a multi-step process with significant documentation. This guide walks you through every stage so you know what to expect and what to verify.

Step 1: Unit Selection

Before visiting Lodha’s sales office:

• Know your budget (base price + stamp duty + GST + interior)
• Know your preferred floor range (see Floor Selection Guide)
• Know your configuration (3 BHK vs 4 BHK — see the investment comparison guide)

At the sales office:

• Request the unit availability chart — shows which floors/orientations are still available
• Ask for the RERA-registered carpet area of your shortlisted unit (not super built-up area)
• Ask for the tower-specific floor plan, not just the generic layout render

Key question to ask: “What is the difference between carpet area and super built-up area for this unit?” Altero’s loading factor (super built-up / carpet) determines actual usable space.

Step 2: Booking Payment

Once you’ve selected a unit, Lodha holds it with a booking amount (also called earnest money).

Typical booking amount: ₹5–10 lakh for a 3 BHK (to hold the unit for 7–14 days while you arrange the formal payment)

Formal booking payment: 10–20% of agreement value within the booking window

• 3 BHK at ₹2.09 Cr: formal booking = ₹20.9L–41.8L
• 4 BHK at ₹3.23 Cr: formal booking = ₹32.3L–64.6L

Mode of payment: NEFT/RTGS from your account. Lodha does not accept cash. For NRI buyers: payment from NRE account or foreign inward remittance.

GST on booking: 5% GST is levied on each payment instalment as you pay. GST is computed on the agreement value — you pay it in proportion to each milestone.

Step 3: Agreement for Sale (AFS)

Within 30–60 days of booking payment, Lodha executes the Agreement for Sale (AFS) — a registered document that protects your rights as a buyer under RERA.

AFS registration:

• Both buyer and seller representative (Lodha’s authorised signatory) attend the Sub-Registrar office
• Stamp duty: 0.1% of agreement value (on AFS, not the full stamp duty — full duty paid at possession)
• Registration: ₹1,000 approximately

What the AFS contains:

• Unit details (tower, floor, unit number, carpet area, super built-up area)
• Agreed price and payment schedule
• Possession date (June 2030)
• Force majeure clause
• Penalty for delay (RERA standard: SBI MCLR + 2%)
• Amenity list as a schedule
• Parking slot number

Read before signing — key clauses:

1. Carpet area clause: Verify the carpet area (not super BUA) matches the RERA registration. RERA mandates pricing on carpet area, not super BUA.

2. Possession clause: Confirm “June 2030” and check what happens if delayed — RERA mandates delay penalty, not just “shall endeavour.”

3. Force majeure: Check what events constitute force majeure. Legitimate: natural disasters, government lockdowns. Illegitimate: “any delay in material supply” should not be force majeure.

4. Amenity schedule: The 500m rooftop deck and all amenities should be listed by specification, not just by name. “Infinity pool” without dimensions is vague.

5. Maintenance cap: Ask if there is a cap on maintenance charges in the first 5 years of society formation. This protects against arbitrary increases.

Step 4: Payment Plan — Milestone-Linked Schedule

Altero’s payment plan is construction-linked. Milestone payments are triggered by construction events:

Bank disbursement: If you have a home loan, the bank disburses to Lodha upon each milestone, not upfront. You pay EMI (or pre-EMI) as disbursements happen.

Pre-EMI vs EMI: During construction, you can opt to pay only the interest on disbursed loan amount (pre-EMI). Full EMI begins at possession or at full disbursement. Pre-EMI reduces immediate cash outflow but increases total interest paid.

Step 5: RERA Verification

Before signing anything, verify on MAHARERA:

• Go to maharera.mahaonline.gov.in
• Search RERA number P52100079692
• Confirm: project registration active, possession date June 2030, promoter details match, no major complaints filed

What to look for: Quarterly progress reports uploaded by Lodha to RERA. These show actual vs planned construction progress. If progress reports show significant delays before you’ve even signed, it’s a red flag.

Step 6: Home Loan Approval (If Applicable)

Timeline: Apply for home loan pre-approval before booking. Pre-approval from HDFC/SBI takes 7–14 days. Lodha’s RERA registration and legal clearance are typically already done by major banks — this reduces disbursement delays.

Tip: Get pre-approval from two banks. Compare sanction letters on actual loan amount, rate, processing fee, and prepayment charges. Don’t take the first offer.

NRI Booking Process

Additional steps for NRI buyers:

1. Execute and apostille POA before booking (allow 4–6 weeks)
2. Ensure NRE account is funded for booking amount
3. Lodha’s NRI desk conducts video KYC — schedule this in advance
4. POA holder attends AFS registration in your absence

Frequently Asked Questions

Q: What is the booking amount for Lodha Altero? ₹5–10L to hold a unit; 10–20% of agreement value (₹20.9–41.8L for a 3 BHK at ₹2.09 Cr) for formal booking.

Q: What is the payment plan for Altero? Construction-linked milestone plan over 4 years. 20% at booking, then milestone payments to 90%, final 10% at OC and possession in June 2030.

Q: What should I check in the AFS before signing? Carpet area, possession date, force majeure scope, delay penalty clause (RERA standard), amenity schedule with specifications, and maintenance cap.

Related Reading

• Lodha Altero Wakad — In-Depth Review 2026
• Lodha Altero 3 BHK Investment Guide 2026
• Lodha Altero Possession June 2030 Checklist
• Pre-EMI vs Full EMI Under Construction Pune 2026
• Lodha Hinjewadi RERA Verification Guide 2026
• Home Loan Guide for Lodha Hinjewadi & Wakad 2026
• IT Professional Home Buying Checklist Hinjewadi 2026