A headline price is only a starting point. Ask for a written cost sheet early, so you can plan your budget, compare projects fairly and avoid surprises later.
1. Basic sale price
Confirm which unit, floor and area basis the price refers to, and the rate that was used to arrive at it.
2. Floor or location charges
Some projects charge extra for higher floors, views or premium locations within the project. Ask whether any such charge applies to your unit.
3. Parking and facility charges
Check how parking and shared facilities are described in the agreement, and what you receive in return for these charges.
4. Taxes
How taxes apply depends on the project and the timing of the transaction. Get the position in writing and speak to a tax professional if you need advice.
5. Stamp duty and registration
Rates follow the rules in force at the time, so confirm the current figures with the relevant authority.
6. Maintenance and deposits
Ask about maintenance deposits, advance maintenance or sinking funds, and when each one is due.
7. Other one-time charges
Items such as utility connections and documentation fees may apply. Ask for the basis of each charge.
Comparing two projects
- Use the same area basis for both projects.
- Compare the full amount payable for the specific unit.
- Add taxes and other charges to each side.
- Review the payment schedules side by side.
- Compare specifications, facilities and possession terms.
Keep your paperwork together
Keep a dated copy of the cost sheet with the draft agreement and the payment schedule. The price list and cost sheet for Prestige Sector 109 Gurgaon are available on request.
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