What does total flat cost consist of? - Indian Real Estate Forum

nimish1981 · 14-12-09

My builder says that the total flat cost consists of flat rate + parking + club house charge + society formation charges + maintenance advance + MSEB. Is it the normal trend?

razer · 14-12-09

Sad, but true.

yatinc · 18-12-09

Yes, buddy this is the normal trend., even maintenance

veeemkay · 18-12-09

Quote:

Originally Posted by nimish1981

My builder says that the total flat cost consists of flat rate + parking + club house charge + society formation charges + maintenance advance + MSEB. Is it the normal trend?

It is a way to make simple things very complex so that rates can be manupulated with and Buyers can be fooled.

VK

vanraj143 · 19-12-09

What are the society formation charges?

and why to give it to the builder?

Pls help make it clear.

Thanks
van

utopian2009 · 19-12-09

Charges for official and err... fees that are paid to registrar of co op societies. It is paid to builder as they form society. MSEB is for deposit and connections. Now Megapolis has come with innovative costing- they have kept basic per sq ft rate plus there is infrastructure developement cost of some 1.5 lac (dont recall correct figure).

After some days we will have some thing called city development fund claimed by builders and they will call it as a PBAP Norm!!!

realacres · 19-12-09

If you buy from crook builder (I mean most crooked amongst crooks), you need to add the cost of tabs like Saridon,crocin etc.

enduser · 24-12-09

It consists of an amount that the builder wants to literally extort from you based on your profession and how much you earn...

14-12-09	#1
nimish1981 Member Join Date: Jul 2009 Posts: 170 Thanks: 0 Thanked 0 Times in 0 Posts	What does total flat cost consist of? My builder says that the total flat cost consists of flat rate + parking + club house charge + society formation charges + maintenance advance + MSEB. Is it the normal trend?

19-12-09	#5
vanraj143 New Member Join Date: Aug 2009 Posts: 12 Thanks: 0 Thanked 0 Times in 0 Posts	Society charges What are the society formation charges? and why to give it to the builder? Pls help make it clear. Thanks van

19-12-09	#6
utopian2009 Member Join Date: Oct 2009 Posts: 96 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Charges for official and err... fees that are paid to registrar of co op societies. It is paid to builder as they form society. MSEB is for deposit and connections. Now Megapolis has come with innovative costing- they have kept basic per sq ft rate plus there is infrastructure developement cost of some 1.5 lac (dont recall correct figure). After some days we will have some thing called city development fund claimed by builders and they will call it as a PBAP Norm!!! Last edited by utopian2009; 19-12-09 at 08:32 AM.

19-12-09	#7
realacres Moderator Join Date: Jun 2009 Posts: 6,144 My Mood: Thanks: 49 Thanked 180 Times in 135 Posts	Cost of flat If you buy from crook builder (I mean most crooked amongst crooks), you need to add the cost of tabs like Saridon,crocin etc.

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14-12-09	#2
razer Member Join Date: Dec 2008 Posts: 407 Thanks: 0 Thanked 0 Times in 0 Posts	Sad, but true.

18-12-09	#3
yatinc New Member Join Date: Dec 2009 Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts	Yes, buddy this is the normal trend., even maintenance

24-12-09	#8
enduser Member Join Date: Dec 2009 Posts: 314 My Mood: Thanks: 1 Thanked 2 Times in 2 Posts	It consists of an amount that the builder wants to literally extort from you based on your profession and how much you earn...

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