Table of Contents
What does BSP stand for real estate?
A Guide To Basis Points.
What is BSP per square feet?
Suppose you saw an advertisement, where a 2BHK is available at Rs 3,000 per sq ft….Example of BSP.
| Type of cost | Calculation | Cost |
|---|---|---|
| BSP | Rs 3,000 x 1,000 sq ft | Rs 30 lakhs |
| PLC | 4\% of BSP | Rs 1.2 lakhs |
| External electrification charges | 1,000 x Rs 50 per sq ft | Rs 50,000 |
| EDC and IDC | 1,000 x Rs 100 per sq ft | Rs 1 lakh |
What is BSP of flat?
Basic Selling Price in real estate is the base rate per sq ft at which a property is listed by the owner/developer. It is usually exclusive of all additional charges such as taxes, preferential location charges, and other maintenance dues.
What is BSP and PLC?
Preferential location charges (PLC) have become a standard component of the total cost of a housing unit. These are additional charges that are levied over and above the basic sale price (BSP) of a housing unit and thus put extra burden on a homebuyer’s pocket.
What is EDC in real estate?
These include essential facilities such as electricity and water supply, waste management systems and road networks, landscaping, and others. The builder shall pay a fee known as the External Development Charges or EDC to the municipal authorities in that area.
WHAT IS PLC in real estate?
So What Exactly is PLC? Preferential Location Charges, as the name suggests, is an additional charge that you as a home buyer pay for a better location or a preferred floor within the same apartment complex.
Why flats are costly in India?
Because of easy bank credit available to the buyer for houses. In financial jargons, there is froth in the real estate market because of cheap money available via banks. When one individual agrees to pay 80 lacs for an apartment, it sends a signal that buyers have the wallet to buy properties at such rates.
What is EDC IDC in real estate?
These include external development charges (EDC) and infrastructure development charges (IDC). All those buying houses in any housing project have to bear these charges, usually based on the size of their apartment.
WHAT IS PLC in property?
A PLC or preferential location charges is an additional cost that a home buyer has to pay for booking a unit which has an advantage over others in terms of location. A preferred location within an apartment complex may mean an apartment that faces a park or is a corner plot near the main road.
What are EDC charges?
How is floor rise calculated?
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.
What is EDC and IDC charges?
While EDC is levied for the development of amenities in the entire area, Infrastructure Development Charges (IDC) are collected by the State for the development of major infrastructure projects across the State.