Actual cost of a property (Hennur Road in example)

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I am wondering what a ready to occupy, vasstu compliant (north facing, etc.), semi-furnished apartment from a reputed builder would cost on Hennur Main Road (within 2kms from ORR)?

The property has A-Khata and OC.

1. I would like to know approximate price per sqft including everything and excluding registration.

2. Base prices are always elusive because a ready to occupy apt has all costs (Car park, VAT, Taxes, BWSSB deposits, Electricity deposits et.al.) included. Is it a good approximation that adding 20-22% of the base price will be the total price of a flat under construction? e.g. if a builder is selling at 5K base price, is it safe to assume that the cost would come to 6K excl. registration by the time it is ready?

3. Would ready to occupy property fetch a little better premium in general? Because the buyer is sure to get what he sees and avoids all costs typically arising out of delays and extra rentals he is paying during this period. Would people factor in such “unseen” or “unfelt” costs while buying a ready to occupy property?

4. Would the psft rate include the furniture and other electrical and civil enhancements done inside the apartment?

Most of the questions are general and my question is specific to this location as example.

Tags: asked May 20, 2015

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