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how calculate floor rise charge and how much

Replies (2)
1
Hi Gurmeet,
Floor Rise charges usually ranges from 25-100/sq-ft. in MMR. It depends on the locality and the kind of amenities provided by the developer in the project.
Ramesk Polekar


2
To explain the terms clearly, let’s look at the given example. Suppose a house has a saleable area of 1000 sq-ft. The rate is Rs. 6000/sq-ft. Hence, the base price adds up to Rs.60 lakhs. Let’s say the car park will cost Rs.2 L. The customer has selected a corner flat on the 4th floor. Hence, the floor rise cost is Rs. 25 (floor rise cost) x 4 (floor number) x 1000 (saleable area). Hence, the total floor rise cost is Rs. 1 lakh. The charges for the location (corner flat) is Rs.100/sq-ft. This adds up to 1 lakh. Finally, the total agreement value will be Rs. 64 lakhs. Now we still have the additional costs. Assuming 20% to be the additional costs, the all-inclusive price for the said flat will be approximately Rs. 76.8 lakhs.
Abhishke Karule


3

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