Bharat Motwani
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developement charges
Q: Hi, I am planning to buy flat and that apartment was ready/possession in 2012 and builder still has one flat vacant yet and he is asking for development charges on that flat ? Will development charges applicable in this case ? Thanks, Bharat

Latest Answer: Good Evening Bharat...If you are buying a ready to occupy flat, in case the builder has developed the project to 100% & obtained the occupancy certificate for the same before selling it to you. So it indicates that it’s a product being sold. There is no service component involved in this and hence you don’t have to pay any service charges or development charges for it.

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