Monthly installment scheme plots or emi plots are nothing but you buy a plot from the developer by paying 25 or 50% upfront amount ( part payment varies depending on the builder ) and register the property on your name. The balance amount you can pay in monthly installment.

The monthly installment depends on the total budget of the plot and the upfront payment you have done.

Not necessary, Since the monthly installment option is provided by the land promoter you don’t need to have CIBIL score . You buy the land from a direct promoter and pay the installment to the seller directly; banks don’t play any role here.

Shridi Sai Baba Nagar in Oragadam promoted by Sricity Developers is the DTCP approved layout offering a monthly installment scheme option with 50% upfront and 50% on EMI.