Instalment plans sell most new projects in Pakistan, from housing society plots to apartments and shops. A buyer pays a down payment, then monthly or quarterly instalments over the life of the plan, often with larger payments on balloting or possession. Each buyer's plan can differ, and a project can have hundreds of buyers. Tracking that in a spreadsheet is where payments are missed.
The parts of a typical plan
| Part | What it is | What to record |
|---|---|---|
| Booking or down payment | The first payment that secures the unit | Amount, date, receipt, buyer's CNIC |
| Instalments | Monthly or quarterly amounts over the plan | Each due date and amount, and what was received |
| Balloon or half-yearly payments | Larger payments at set points | Due date, amount, reminder before it falls due |
| Possession or balloting dues | Paid when the unit is handed over or allotted | The trigger, the amount and the date it was paid |
| Late payment charges | Any surcharge the agreement allows | The rule, and every charge applied |
Habits that keep a plan on track
- Create the full schedule when the deal is booked, not when each payment is due.
- Record a payment the day it arrives, with the receipt, against the instalment it pays.
- Review overdue instalments every week, buyer by buyer.
- Keep the agreed plan and any changes on the deal, so the buyer and the office see the same numbers.
What developers need on top
A developer also needs to see the whole project: money received against the budget, and what investors are owed. That only works when each buyer's plan is recorded in the same system as the project.
The aaraazi Developer plan adds project budgets, investor records and buyers' payment plans.
See the Developer planFor agencies, aaraazi keeps a payment plan on every deal, marks late instalments as overdue and shows owners what is due across every branch.