How are apartment prices calculated?
Buying your first home is a major achievement! A huge investment in your life, but you should know, the price of flats in Kerala include a list of hidden costs that you have to pay when you buy it. Do not make the mistake of underestimating these costs as they normally make upto 20% of the advertised cost. Here are all the costs a builder/developer will charge you when you buy luxury flats in Kochi : Basic Sale Price (BSP) The actual price which is advertised by developers is the Basic Sales Price and it constitutes the main cost of your property. Preferential Location Charge (PLC) If you want your property at a location which is preferred by most people, you may have to pay a higher price. The PLC charges normally come to 4% of BSP. External Electrification Charges(EEC) The price charged by the builder to lay down wires and cables from the electricity consumption meter to the apartment. Fire Fighting Equipment Charges (FFEC) Nowadays, all residential projects are supposed to inst...