I am looking for 2RLK homes at the topmost floor. Will the price differ as per floors?

Q: Park Ivory, 2RLK flats

Mohan Dasgupta, Pune

29th January 2018

Buying property in Pune

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Hello Mohan,
Yes, the amount may differ. In some cities, higher floors attract a premium. However, in case of Pune, Mumbai, and Delhi-NCR, people preferred lower level and upper floor sold at a discount. Floor rise has usually differed in the range from 25-500 per sqft. in Maharashtra. It also depends on the kind of amenities provided by the developer in the project.

Vinay Sharma, Pune

30th January 2018

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Here I am giving you the perfect example of it, To explain the terms clearly, let us look at the given example. Suppose a house has a saleable area of 1000 sqft. The rate is Rs. 5000 per sqft. Hence, the base price adds up to Rs.50 lakhs. 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. 62 lakhs.

Shweta Salunkhe, Pune

30th January 2018