S
Sanjay Jadhav
posted on 7 MayBengaluru investment from Dubai: hidden costs?
Loan pre-approved, but planning from Dubai is tough. SLV Projects, Agrahara Layout mein interested hoon. Pre-launch vs secondary market deals mein kya hidden costs hain? Total acquisition cost kaise calculate karein? Any tips?
#agrahara-layout#slv-projects#hidden-costs#pre-launch#secondary-market
Comments
Look, whether pre-launch or secondary, from Dubai, you absolutely need a reliable local contact or a property consultant who can represent your interests. Don't rely solely on the builder's sales team. Get all documents scrutinized by an independent lawyer. For total acquisition cost, make a detailed excel sheet: Base Price + PLC + Floor Rise + Car Parking + Amenities + GST + Stamp Duty + Registration Charges + Legal Fees + Home Loan Processing Fees + Corpus Fund + Maintenance Advance (1-2 years) + Brokerage (if secondary). For pre-launch, add a buffer for potential 'extras' or delays. Ask SLV Projects for a full, itemized breakdown. If they hesitate, that's a red flag. What's their RERA completion date?
Local help is non-negotiable for sure. NRI buyers are often easy targets.
This is solid advice. The independent lawyer point is crucial. OP, did you find a good consultant or made any progress with SLV Projects based on this feedback? Kya plan bana rahe ho ab?
Given all these risks with pre-launch, is the secondary market a better option for someone buying from Dubai? What are the specific hidden costs there? Is it more transparent, or just a different set of problems?
Ha, stamp duty aur registration charges secondary mein kaafi lagte hain, that's a big chunk right there.
Secondary market mein transparency zyada hoti hai. Aap ready-to-move-in property dekhte ho, so physical verification is easier. Hidden costs are mainly broker commission, higher stamp duty on current market value, and maybe some minor transfer fees. You save on GST and don't have project delays. But the upfront cost is higher, and you might not get the 'new' feel or customization.
My personal experience with a pre-launch project near Aavalahalli was disastrous. They promised possession in 2 years, but it's been 4 years and still no sign. The 'hidden' part was the constant demand for extra payments for 'unexpected' material cost increases and 'govt policy changes'. It felt like a never-ending money pit. I regret not considering secondary market options more seriously back then.
Yes, this is a common trap. Apart from what U4 mentioned, watch out for 'corpus fund' (maintenance advance), society formation charges, property tax for the first few years, and even the cost of interiors/furnishing if you're getting a semi-furnished unit – they're usually overpriced. The current market conditions in Bengaluru, especially with material costs fluctuating, make builders even more prone to these 'extra charges'. Always keep a buffer of at least 15-20% over the quoted 'all-inclusive' price.
Exactly! Builder ka track record check karna bahut zaroori hai. Sirf RERA registration se kaam nahi chalta, past projects ki delivery record dekho. Aavalahalli mein bhi aise bahut cases hue hain. Builders just disappear or delay indefinitely.
Oh no, that sounds terrible! Was that project RERA registered? Did you try to complain?
Planning from Dubai is indeed a nightmare, I can vouch for that. My cousin faced similar issues when buying in Akshayanagar. For pre-launch, builders often quote a lower 'base price' and then add on floor rise charges, preferred location charges (PLC), car parking, GST, and then the registration and stamp duty. These can easily add 15-20% to your initial 'per sqft' quote. Always ask for a 'total cost sheet' upfront, not just the per sqft rate. Also, factor in home loan processing fees and legal fees for document verification, which are often overlooked.
Bhai, SLV Projects ka track record thoda shaky hai, especially for pre-launch. Dubai se manage karna is gonna be super tough. Hidden costs toh bahut hote hain pre-launch mein – like infrastructure charges, development charges, club house fees, electrical connection. Make sure you get everything in writing and check their RERA status thoroughly. Don't fall for flashy brochures.
Sahi keh rahe ho. SLV Projects ke baare mein maine bhi kuch negative reviews sune hain. Kya specific issues hain jinke baare mein pata hona chahiye? Koi recent experience hai kisi ka?
Totally agree! Pre-launch mein bahut risk hai. Builder baad mein rates badha deta hai ya possession delay karta hai. Mera dost toh phas gaya tha aise hi.