K
Kavya Tandon
posted on 6 MayMy Bangalore property hunt: Hidden costs and payment plan realities
Honestly, I completely underestimated how many hidden costs Bangalore property has. I'm based in Dubai, so site visits are tough, relying on community insights for ground truth. Looking at Doddanekkundi/Kaggadasapura, specifically Keya Homes projects. Besides basic price, stamp duty, registration, what actual hidden charges did people face at possession? PLC, parking, utility connection charges – kitna extra expect karein? Also, construction-linked payment plans (CLP) mein koi catch toh nahi hai? Is it truly smarter for an investor like me than a down payment? Need to know the real total cost of acquisition. Aapke experiences kya hain, especially for NRI investors?
#nri-investment#bangalore-real-estate#hidden-charges#payment-plan#doddanekkundi
Comments
CLP can be tricky, especially with current market conditions. Builders often delay completion, and you're stuck paying EMIs without possession. Better to negotiate a down payment with a clear possession date penalty clause. Bangalore market is a bit slow right now, so there's room to bargain.
U10, exactly! Ek project mein mera payment plan linked tha construction se, aur builder ne 6 months delay kar diya. EMI toh chal rahi thi, but possession nahi mila. Mera pura budget hil gaya. CLP is only good if builder is super reputed and delivers on time.
U10, sahi kaha. Market slow hai toh negotiation scope hai. Builders are desperate to close deals.
Same boat! NRI here too, it's a nightmare coordinating from afar. My brother booked near Agrahara Layout and faced similar issues.
U8, Agrahara Layout mein bhi kaafi builders hain. My cousin bought a flat there. He says always factor in 15-20% over the base price for all these 'extra' charges. NRI ho toh power of attorney ka process bhi dekh lena.
Doddanekkundi mein current per sqft rate kya chal raha hai Keya Homes mein? Aur parking charges kitne bata rahe hain? Usually 3-5 lakhs toh pakad ke chalo. CLP mein kya builder interest charge karta hai during construction delay?
U5, parking charges are non-negotiable usually. CLP mein delays ka risk bahut high hai, be careful.
U5, Keya Homes Doddanekkundi mein last month 8500-9000 per sqft quote kar rahe the. Parking ka unhone 4.5 lakhs bataya tha. CLP mein interest nahi hota usually, but payment milestones bahut aggressive hote hain.
Bhai, Keya Homes ka toh pata nahi but Doddanekkundi mein ek project mein maine almost book kar diya tha. PLC, floor rise, amenities charges, then GST on all these! Plus, connection charges for BWSSB, BESCOM were easily 2-3 lakhs extra. CLP mein interest ka angle bhi dekh lena, it's not always better than down payment if you have funds ready. NRI ho toh documentation mein bhi thoda time lagta hai.
Exactly! Mere friend ne Banashankari mein liya tha, usko toh club membership ke naam pe 1.5 lakh extra dene pade. Aur utility connection charges usne bhi bataya ki 2.5 lakhs tak gaye. CLP mein toh builder ka hi fayda hota hai, aapka money block hota rehta hai for years sometimes. NRI ho toh bank loan process bhi complex ho jaati hai.
Honestly, I completely underestimated how many hidden costs Bangalore property has. I'm based in Dubai, so site visits are tough, relying on community insights for ground truth. Looking at Doddanekkundi/Kaggadasapura, specifically Keya Homes projects. Besides basic price, stamp duty, registration, what actual hidden charges did people face at possession? PLC, parking, utility connection charges – kitna extra expect karein? Also, construction-linked payment plans (CLP) mein koi catch toh nahi hai? Is it truly smarter for an investor like me than a down payment? Need to know the real total cost of acquisition. Aapke experiences kya hain, especially for NRI investors?
Totally agree! I'm also looking in that area, Keya Homes ke reviews mixed hain. Hidden costs ka darr mujhe bhi hai. Main bhi NRI hoon, it's a constant worry.