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Dimple Joshi
posted on 20 MayGhaziabad 3BHK: All-in cost is always underestimated
Realistically, for a 3BHK around ₹90L in Ghaziabad, what's the actual all-in cost? Builders only quote base prices. I'm looking at places near Raj Nagar Extension, maybe an Oxirich project. Stamp duty, registration, PLC, parking, interiors – kitna extra expect karna chahiye? Also, for an investor, is construction-linked payment better than a down payment plan? Already have a home loan from my 2BHK in Vaishali. Want to maximize deal value and ROI. Does the payment plan really affect the total acquisition cost or future appreciation?
#ghaziabad#3bhk#all-in-cost#payment-plan#investor
Comments
On the payment plan part, for an investor, construction-linked plans (CLP) generally offer better flexibility and reduce your upfront financial burden, but the total interest paid might be higher if you're taking a loan. A down payment plan (DPP) is good if you have significant liquidity and want to save on interest, but it locks in more capital early. Does the payment plan really affect the total acquisition cost or future appreciation? I think acquisition cost yes, due to interest, but appreciation is more location and market-driven.
For a 90L 3BHK in Ghaziabad, realistically, expect an all-in cost of ₹1.10 Cr to ₹1.15 Cr. Here’s a rough breakdown: Stamp Duty & Registration (approx 6-7% of property value) – ₹6-7L. PLC (Preferred Location Charges, if applicable) – ₹2-4L. Parking (covered) – ₹3-5L. Power Backup/IFMS/Club Membership/Electrification – ₹2-3L. GST – This is usually included in the base price but confirm. Interiors (basic modular kitchen, wardrobes) – ₹8-12L. So, you're looking at a minimum of ₹20-25L over the base price. Current market conditions in Ghaziabad are stable, not much appreciation in the last year, so don't bank too heavily on quick ROI.
Uff, 1.15 Cr for a 90L flat sounds scary! So, is it even worth investing in Ghaziabad right now, especially for a first-time buyer like me? What are the current market conditions like for appreciation?
This is spot on. I booked a flat with Oxirich back in 2018 near Raj Nagar Extension. They quoted one price, and by the time possession came (which was delayed by 18 months, by the way), the final amount was almost 18% higher due to all these 'additional charges' and increased maintenance. Plus, the quality of construction for the finishing was not great. My advice: get EVERYTHING in writing, even the smallest charge. And don't trust their possession dates blindly.
Thanks for the detailed breakdown! This is super helpful. But that 6-7% for stamp duty, is that on the circle rate or the agreement value? Sometimes they play games there too, right?
This is so true! My friend bought in Abhay Khand and the final bill was almost 1.2x the quoted price. Builders are masters of hidden charges.
Exactly! I'm also eyeing Raj Nagar Extension for a 3BHK, same budget. The base price sounds good, but what about the actual stamp duty and registration percentages for Ghaziabad? Is it still around 5-7% of the total value? And for investors, does construction-linked payment really save you money in the long run compared to a down payment plan?
Bhai, you've hit the nail on the head! Builders will always show you the 'starting from' price, which is basically a lie. I was looking at a 2BHK in Ahinsa Khand 1 a couple of years back, quoted at 65L. By the time stamp duty, registration, club membership, IFMS, power backup, GST, and then the actual interior work (wardrobes, modular kitchen) were added, it was easily 80L+. For a 3BHK at 90L, I'd budget at least 20-25% extra for all these hidden costs. Raj Nagar Extension mein toh builders ka track record waise bhi mixed hai, especially with possession timelines. Be very, very careful.
Haan bhai, it's a nightmare. Builders ki toh bas chalti hai. Ahinsa Khand II mein bhi same kahani hai. It feels like they deliberately hide costs.
Totally agree with you! My uncle bought a flat near Crossings Republik and thought he got a great deal. Then came the unexpected charges like maintenance advance for 2 years, fire fighting equipment charges, and even some 'legal fees' that weren't disclosed upfront. So yeah, 20-25% extra is a very realistic expectation, maybe even more if you're going for good quality interiors. Kitna extra expect karna chahiye? Definitely keep aside 20 lakh minimum for all these extras.