A
Ahmed Ali
posted on 13 MayUnmasking floor-rise premium and secondary market value
Visited Salarpuria Sattva in Hayathnagar. They're pushing floor-rise premium and PLC. Is paying extra for higher floors genuinely worth it? Or just builder padding? Can we negotiate better on secondary market deals?
#hayathnagar#floor-rise-premium#plc#secondary-market#investor
Comments
This whole FRP thing is so confusing. For Salarpuria Sattva, what kind of per sqft premium are they usually asking for higher floors? Is it like 50 rupees per floor or more? Just trying to gauge if it's even worth considering for my budget.
My personal experience with FRP was terrible. I booked a flat on the 10th floor in a project near Attapur thinking the view would be amazing. Turns out, another building came up right in front of it within a year! Now my 'premium' view is just a wall. Wish I had stuck to a lower floor or bought in the secondary market. Lesson learned the hard way.
Honestly, FRP is just a way to milk first-time buyers. Higher floors have some advantages like less noise and better ventilation, but the price difference rarely justifies it, especially for budget-conscious people. Secondary market mein better deals mil jaate hain, especially for properties 2-3 saal purani. What do you guys think about negotiating directly with owners in the secondary market?
Direct negotiation can be great, but be super careful about due diligence. Make sure all documents are clear, no pending loans, and society dues are paid. Sometimes owners try to hide things. Get a good lawyer to check everything before signing anything.
Negotiating directly is the way to go, brokers eat up too much commission.
Totally agree with the secondary market point! My cousin got a fantastic 3BHK in Ameerpet last year, a 4-year-old property, at almost 15% less than the new projects nearby. Plus, no GST, no PLC, no FRP. He saved a ton of money. It took some searching but was worth it.
Yaar, Salarpuria Sattva toh theek hai but FRP is a scam. I saw a project near Alwal, same thing. They even tried to sneak in 'view charges' for a park-facing unit! Is there any RERA rule for this floor rise premium? Like, can they just charge anything?
RERA ka toh bas naam hai, builder apni manmaani karte hain. Har cheez pe extra charge laga dete hain.
RERA directly doesn't cap FRP or PLC, but they mandate full disclosure of all charges upfront. Builders can't add hidden costs later. The problem is, many builders show a base price and then add these premiums, making the final cost much higher. I had a tough time with a builder in Begumpet where they didn't clearly mention the PLC until the last stage. So yes, they can charge, but it has to be part of the agreement. Always check your agreement copy for every single charge.
Visited Salarpuria Sattva in Hayathnagar today. They're pushing floor-rise premium and PLC like crazy. Is paying extra for higher floors genuinely worth it? Or just builder padding? My budget is already stretched, and these extra charges are making me rethink. Can we negotiate better on secondary market deals?
Same experience yaar. I saw a project in Attapur last month, they were asking 500 extra per sqft for every floor up. For me, it's just builder padding. Unless you're on the top floor with an amazing city view or something, it's not worth the premium for a first-time buyer. Save that money for interiors instead.
Bhai, totally agree! Builder ka toh kaam hi hai extra charge karna. Floor rise is mostly a gimmick unless you're getting some insane view.