Builders' hidden charges are a scam — fight me
After calculating EMI vs. rent for the tenth time, I almost missed the biggest hidden cost in upcoming projects like Viman Avenue. Brokers always quote the base price, like ₹1.37 Cr, but then suddenly there's PLC, floor rise, development charges, society formation fees, stamp duty, registration – it quickly adds up to another 10-15% minimum. I'm fed up of renting, ready to take the plunge, but this 'final amount' shocker is real. Is there a trick to getting the true all-inclusive cost upfront for Viman Avenue? Or do all builders play this game? Also, with it being upcoming, how do you factor in potential possession delays affecting EMI planning? My friend's project was 18 months late, and that messed up his budget big time. Would love to hear from anyone who bought into an upcoming project in Pune, especially around this price range. Any hacks to negotiate these extra charges or get a clear picture from day one? Seriously don't want any surprises after all this EMI vs rent math.
Comments
With the current market conditions in Pune, especially for upcoming projects, I've heard some builders are getting a bit more flexible with negotiations, especially towards quarter ends. Maybe try to push for a fixed 'all-in' price with no hidden surprises? It's worth a shot, especially if you're serious about booking one of those 28 units in Viman Avenue.
My broker told me to always ask for 'all-inclusive' price with GST, stamp duty, registration, everything. If they hesitate, it's a red flag. For Viman Avenue, given the 1.4 Cr to 2.2 Cr range, even 10% extra is a huge amount.
Ugh, the hidden charges are SO real. I faced the same with a project in Sinhagad Road. Base price was 80L, final cost jumped to 92L. It's ridiculous.
Bhai, this is my biggest fear! My friend booked a flat in Ambegaon, and the builder delayed possession by two years. He had to pay EMIs and rent simultaneously, completely messed up his financial planning. Viman Avenue's possession date is 2028-03-01, jo abhi se itna door lag raha hai. How do we account for potential delays in our budget? Is there any clause we can add for compensation?
Absolutely, the compensation clause is a joke. I'd rather have my flat on time. For upcoming projects like Viman Avenue, I always try to factor in at least a 6-12 month buffer in my calculations. If it's on time, great! If not, at least I'm mentally and financially prepared. It's a sad reality of the Indian real estate market.
Compensation for delays is usually a small penalty per month, like ₹5-10 per sq ft, which is peanuts compared to your EMI + rent. It's almost never enough to cover your actual losses. The best bet is to check the builder's past track record for delays. For Viman Avenue, since it's upcoming, it's a bit of a gamble.
Totally agree with this post! Builders ka toh ye standard playbook hai. I was looking at a project near Akurdi last year, base price looked good, but then with all these charges – PLC, floor rise, amenities, parking – it shot up by almost 18%! My budget went for a toss. It's like they bait you with a low number and then slowly bleed you dry. Viman Avenue is upcoming, so there's even more uncertainty. How do we even trust these 'all-inclusive' quotes if they give them?
Exactly! I've been trying to get a clear breakdown for Viman Avenue, but it's like pulling teeth. They just say 'we'll discuss at the time of booking.' So frustrating. Does anyone have an actual all-inclusive number for a 1.4 Cr unit there? And what about the RERA number P52100080809, does that offer any protection from these hidden costs?