Milestone-Based Billing in Chennai Construction — How to Avoid Paying Advance Money
Geetha had done what most Chennai homeowners do. She had negotiated hard on the per-sqft rate, got it down from ₹2,100 to ₹1,880, felt satisfied that she had protected herself financially, and then paid 30% of the total project cost as advance — ₹8.5 lakhs — before a single cubic metre of concrete had been mixed. Within three months, construction had slowed from five workers to two. Within five months, the contractor's site visits were down to once a week. Within seven months, the foundation was still not complete, and the contractor's explanation — labour issues, material prices, personal circumstances — was extensive and completely irrelevant to the central fact: he had ₹8.5 lakhs of her money and diminishing incentive to spend it on her home. The advance payment model is the most dangerous financial structure in Chennai construction, and it is the model most homeowners accept without question because they do not know an alternative exists. Call Buildiyo at +91 7092166366 / +...
