A
Aahan Kapoor
posted on 3 MayBangalore home's final cost: what really adds up?
Did anyone else get shocked by the final cost after booking a flat in Bangalore? I just got possession of my 2BHK in a Prestige Group project near Sarjapur Road. The super area vs carpet area difference and PLC for a higher floor really added up. What were your final cost surprises beyond the quoted price?
#all-in-cost#super-area#plc#prestige-group#sarjapur-road
Comments
While it feels unfair, some of these costs like registration, stamp duty, and GST are government-mandated, so builders have to pass them on. The key is to get a detailed breakup *before* booking. Ask for the final cost sheet with every single charge listed: legal fees, society formation, utility connection charges, property tax for
This is so unfair! Why can't builders give an 'all-inclusive' price upfront? It feels like they bait you with a low number and then pile on charges. Is there any way to negotiate these extra costs or at least get a clear breakdown before signing? I'm just starting my search and this is making me nervous.
Totally agree with U10. My biggest mistake was not getting everything in writing. The sales guy promised some 'discounts' on amenity charges verbally, but when the final agreement came, they were all there. I was too excited and didn't read the fine print properly. So, my advice is, if it's not on paper, it doesn't exist. Get every single cost itemized and verify with RERA guidelines too, especially for projects in Banashankari which have a lot of older developments and new ones coming up.
Negotiating is tough, especially for government charges. But for builder-specific ones like PLC, floor rise, or amenities, you *can* try to negotiate. Always demand a *final, all-inclusive cost sheet* in writing, signed by them, before you pay the booking amount. If they hesitate, it's a red flag.
Bhai, you're not alone. I bought a 3BHK in Attibele 2 years back. The base price was 70L, but by the time I got possession, it was closer to 85L. Registration charges alone were 7% of the sale value, plus stamp duty, then GST on construction, amenity charges, IFMS (Interest-Free Maintenance Security) fund. And don't even get me started on the interiors post-possession! It’s a complete financial black hole if you don’t plan ahead. My RERA-registered builder did disclose these, but the sheer volume was overwhelming.
Sahi kaha, bhai. My project near KR Market also had this issue. The biggest shock for me was the 'corpus fund' and 'advance maintenance' for 2 years. It felt like I was paying for maintenance even before moving in! These things are rarely highlighted in the initial brochures.
85L from 70L? That's a huge jump! My heart just sank reading that. 😱
Yaar, ye PLC aur super area ka chakkar toh sabko pata hota hai na? What *specific* hidden costs shocked you? Like, was it maintenance deposit, legal fees, or something else entirely? I'm looking at a project near Bannerghatta Road fringes and trying to factor everything in.
Exactly! My friend bought near Arekere and was shocked by the 'infrastructure development charges' that came up right before possession. Builder just said it was a new government mandate. Always ask for a detailed cost sheet, even for future potential charges.
For me, it was the 'clubhouse membership' fee and 'power backup installation' charges. Totally unexpected and added another lakh!
OMG, totally relate! I thought base price was it. My budget is already stretched thin, yaar. 😵💫