S
Saurabh Arora
posted on 18 MayHidden costs buyers only discover after possession
Not proud of this but I almost missed a huge hidden cost on my first 2BHK. Now, looking to upgrade to a 3BHK in Greater Noida, maybe Omega IV, I'm super focused on total acquisition cost. Beyond the flat price and stamp duty, what truly unexpected charges hit you at possession? I'm talking about things like utility connection fees or maintenance deposits that aren't clear upfront. With builders like Anabia Infrastructure, are construction-linked payment plans better for revealing these early? Any insights on avoiding these surprises for a ₹1.5 Cr 3BHK?
#hidden-charges#possession-costs#greater-noida#3bhk-upgrade#payment-plan
Comments
It's a tricky situation for all first-time buyers. Noida market mein already prices are high, especially for a ₹1.5 Cr 3BHK in a good sector. My advice would be to ask for a detailed breakup of all charges *beyond* the per sq ft rate and stamp duty, explicitly mentioning possession charges, IFMS, corpus, club membership, parking, and utility connections. Get it in writing or at least in an email from the sales team. Don't rely on verbal assurances. What did you end up doing on your 2BHK, OP, to manage those unexpected costs?
Coming to the payment plan, I think construction-linked payment plans (CLP) are actually better for revealing these charges, albeit late. Since you pay in stages as construction progresses, you're more engaged. Builders typically ask for these 'possession charges' in the final 10-20% payment milestone. So, you get a heads-up before the final payment is due, unlike down payment plans where everything hits at once.
Haan, CLP mein thoda buffer mil jaata hai at least.
The biggest one people miss is the Corpus Fund and Society Formation charges. Builders usually collect a lump sum for the corpus fund, which is supposed to earn interest for future maintenance, but it's a significant amount, sometimes ₹50k-₹1 lakh depending on the flat size. Plus, the initial society formation costs and a year's advance maintenance can easily add another ₹50k. These are rarely highlighted during booking.
U6 is right. I just got possession of my 2BHK in Ajayabpur. The Corpus Fund was ₹75,000, society charges another ₹20,000, and then the electricity meter charge was ₹18,000, plus a separate deposit for the power backup which was ₹25,000. Totalled over ₹1.3 lakh just for these 'hidden' things. It felt like a punch to the gut after saving for years.
True! Don't forget the electricity meter installation fee and water connection too, they add up.
Totally agree with the OP. My cousin booked a flat in Alpha II a few years back, and Anabia Infrastructure was one of the builders he considered. He eventually went with someone else because Anabia's sales team was very vague about the 'miscellaneous charges' at possession. Later, he heard from others in that project that they had to shell out almost ₹2-3 lakhs extra for things like IFMS (Interest Free Maintenance Security) and a dedicated power backup connection deposit. It's like they quote one price and then add surcharges like it's a railway ticket. It's a huge red flag for first-time buyers like us.
Exactly! Is Anabia Infrastructure even RERA registered for their Omega IV project? That's the first thing to check. If they are, then all charges should ideally be disclosed in the RERA agreement.
Haan bhai, Anabia ka reputation toh kuch khaas nahi hai. Always better to be cautious.
Yaar, this post hit home! I'm also eyeing a 3BHK in Greater Noida, maybe near Omega IV, and the thought of hidden costs is giving me sleepless nights. Beyond electricity and water connection charges, what about club membership fees or parking charges? Are those always extra? Builders like Anabia Infrastructure promise so much but then nickel and dime you later, I've heard. Any specific charges I should look out for that aren't usually in the agreement?