How apartments are priced?

Q: I want to know how an apartment's final price is fixed.

Afzal, Bangalore

30th April 2014

Real estate News in Bangalore

apartments in bangalore

projects in bangalore

bangalore real estate market

Follow Discussion

Also see discussions for

Bangalore Real estate News Real estate News in Bangalore

Replies (4)

Apartments are mainly prices area wise and according to the area the price per sq ft increases!..:)
that is my understanding... and then the add on charges for the registration parking and other amenities etc.
I recently visited few apartments as i was planning to buy one and most of them are over priced when they have aminities even apartments in the same area are of different price range!!.. But there was this one apartment which seemed really nice and worth the money in white field!!.. fortius Waterscape the builder is new but they have really good apartments.

deeepika, Bangalore

5th August 2014

Comment

If I am not wrong then this is their first ever project.... Do you really think that it will be a good idea to buy or invest in this project?

Gagan Goswami, Bangalore

20th August 2014

@jacob... very well explained. Is this the situation of Bangalore or any other city ?

teja, Bangalore

1st May 2014

Comment

Hey Teja, This the situation everywhere in Indian real estate market :) :)

Jacob, Bangalore

20th August 2014

Basically an apartment is sold at a margin of 18-25 per cent. Developers acquire around 30 to 40 per cent as land cost and another 30 to 40 per cent as construction cost depending on the location of the project. In this situation there is no hurry to reduce prices in case of low sales. But project having margin more than 25-30 can see price correction in long run. These typically are the uber luxury projects in which the rate per sqft starts from Rs 8000 and above.

Jacob, Bangalore

30th April 2014

Comment

A project has to go through various steps even before pre launch like construction cost, material cost, labour charges, inflation, regional fluctuations, approvals that have not fallen though and lot of other issues. All these factors have impact on the final cost.

Arunabha Gupta, Bangalore

30th April 2014

Comment