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Home > Forum > Mumbai > Buying property > What does Preferential Location Charges mean?

What does Preferential Location Charges mean?

Q: There are multiple costs one needs to pay while buying home. Apart from other costs, some builders also take an additional charge called the preferential location charge. Can anybody explain it?

preferential location charges
plc
what is plc?
additional charges on house
factors determining plc
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Replies (4)
1
Hi Ashish,
There are no standard rules or guidelines that determine PLC. Each developer and project has a different PLC amount and most of the luxury apartments located in a posh location have higher PLC based on each unit. Apart from the luxury projects, penthouses which are built on top of a tower or an independent villa with a wide road in front or garden facing, or corner plot etc. may also have a PLC.
Nikhil Kanetkar


2
Which are the major factors that determine PLC?
Ashish Bhoite


3
Hi Shailja,
One can calculate the PLC amount by multiplying the super built-up area of the apartment with the rate specified in the developers rate card. PLC usually varies from Rs 40-150/sq-ft.
Nishant Bhat


But remember, each floor may also have a PLC which is popularly known as the floor rise premium. It usually goes up once you cross the 3rd floor. Higher floors have a higher floor rise charge. This may usually vary from 3-4.5% of the total apartment cost.
Gautam Das,  Delhi-NCR
1st October 2015


Why there is a higher rate of PLC for the lower floor in Delhi/NCR?
Shailja,  Delhi-NCR
1st October 2015


Well Shailja,
Due to excessive heat, floor charges in Delhi-NCR is higher for lower floor apartments. On the opposite, in cities like Mumbai and Bangalore, the floor rise charges is more as one goes higher up.
Gautam Das,  Delhi-NCR
1st October 2015


4
Hi,
PLC is a premium cost which a home buyer pays while booking a unit with a better location situated in the same apartment complex. An apartment facing a sea, swimming pool, lake or a park, or Vastu compliant home will be charged a PLC at per sq-ft. rate.
Gautam Das


How should we calculate PLC? What will be the standard PLC charges for an apartment or flat?
Shailja,  Delhi-NCR
1st October 2015


5

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