R
Radha Kapoor
posted on 11 MaySelling our big house, Pune's hidden costs are a surprise
Since selling our big family home last year, we're looking for a smaller, manageable flat in Pune. Kids have moved out, you know. I saw a Hiranandani project near Gultekdi, 2BHK around ₹90L. But yaar, jab total cost calculate kiya, bohot extra charges bata rahe the. PLC, OC, society formation... matlab, base price se kaafi upar jaa raha hai. Am I missing something? Kya ye hidden charges normal hain, ya builders inflate karte hain? How to budget properly for all-in costs beyond just stamp duty?
#pune-real-estate#hidden-charges#all-in-cost#gultekdi#hiranandani
Comments
It's a tricky situation for first-time buyers. My advice would be to always budget at least 20-25% over the advertised base price for all these hidden costs, stamp duty, registration, and even a little buffer for furnishing. Also, try to negotiate on some of these charges, especially parking or club membership if you don't need them. Sometimes builders are flexible, especially if the project isn't selling fast.
Negotiating helps, but some charges are non-negotiable, like GST and stamp duty. The key is knowing what you're getting into *before* you're emotionally invested in a property. It's not just Hiranandani; most major developers in Pune follow this model. Transparency is still a distant dream in Indian real estate.
That's a good point about negotiating. Did the original poster manage to get a better deal on the Hiranandani project, or did they decide to look elsewhere?
The problem is that many charges are genuinely part of the project cost, but builders don't include them in the 'base price' to make it look attractive. For a 2BHK in Pune right now, you can expect 10-15% over the base price for these 'extra' charges. This includes PLC (if applicable), floor rise, car parking (₹3-5L), society charges (₹1-2L deposit), infrastructure development charges (₹1-3L), legal fees, GST on construction (5%), and then stamp duty (6-7%) and registration. The current market conditions with rising material costs also push builders to pass on these to buyers through various heads. Always ask for the 'all-inclusive' cost sheet, not just the per sqft rate.
Jaise U6 ne bataya, 10-15% is usually *before* stamp duty and registration. So, if your base price is ₹90L, expect ₹9-13.5L in 'other charges' *plus* another ₹6-7L for stamp duty and registration. That's easily ₹15-20L over the advertised price. My mistake was not getting a fully itemized list early on. Always ask for a detailed list with every single charge mentioned, including the ones that come at possession time, like maintenance for a year or corpus fund. Don't rely on verbal assurances.
This is so helpful, but also terrifying. So much for budgeting when these numbers keep changing. Lagta hai loan amount aur badhana padega.
10-15% extra? That's a huge chunk! Does that 10-15% include GST and stamp duty too, or is that on top of it?
Oh my god, I thought I was the only one feeling this way. I was looking at a project on Sinhagad Road, and they quoted a decent base price. But after adding all the 'mandatory' charges like car parking, club house membership, electrical meter charges, and even something called 'development charges', the 2BHK went from 75L to almost 95L! Is there no cap on these extra charges? Does RERA even regulate these hidden costs properly or do builders just find loopholes?
Yes, jaise aapne bataya, RERA rules hain par implementation kaafi patchy hai. My uncle booked in Ambegaon, aur unko possession ke time pata chala ki 'utility connection charges' ke naam pe aur ₹2L dene padenge. Builders should be upfront about these from day one, not spring them on us later. It's so frustrating for first-time buyers like us.
Exactly! RERA ka kaam toh hai transparency lana, but many builders still play smart. RERA usually mandates that all charges need to be disclosed in the agreement, but they often club obscure charges under broad headings. You have to ask for a detailed breakup of *every single charge* before signing anything. Don't just look at the 'all-inclusive' number.
Totally agree with the original post. My friend recently bought a flat in Akurdi, aur uska bhi yahi haal tha. Builders toh pehle meethi-meethi baatein karte hain, aur baad mein ek ke baad ek charges add karte jaate hain. PLC, floor rise, society maintenance deposit, infrastructure charges... list never ends!
Bhai, aap akele nahi ho. Yeh toh standard practice ho gaya hai! Base price toh bas marketing gimmick hai. Jab final figure batate hain, dimaag ghoom jaata hai. Hiranandani ka naam toh bade charges ke liye famous hai waise bhi.