Hi, Hi, The development charges in Mumbai is Rs. 35/sq-ft. or Rs. 350/sq-mtr. as per the Maharashtra Government and you have to calculate on Carpet area and not in built-up area.
Hi Gurmeet!! Development charges of Rs 350/sq-mt. for residential and Rs 700/sq-mt. for commercial. Since the builder is demanding the charges at the time of formation of the society you need to find about the amount each flat owner has to pay based on the carpet area (not built up area) of the flat. In fact it almost comes more than one lakh as it is 500 sq-mtrs to 2000 sq-mtrs - charges are Rs. 170000 in Kharghar. .