TDS DEDUCTION UNDER SECTION 194M-REG

My friend has paid Rs.69.50/Lakhs to a construction company for a residential flat purchase for his own use in the month of February 2022 after deducting TDS U/s 194M being Rs.50000/.Is correct to deduct TDS on the amount exceeding Rs.50/ Lakh?or has he to deduct TDS on entire payment of Rs.70/Lakh U/s 194M.He has no business income.Please advice me sir.He is going to issue TDS Certificate in Form 16D.