Consider an example of a 1290 sq feet apartment at 6th
floor in Construction Linked Plan. In
first scenario the cost of apartment is worked out at rates prevailing in May
2013. In second scenario is based on rates prevailing in Aug 2013.
(IFMS, Dual Meter and
Club Membership Charges being common in both scenarios, are omitted.)|
SCENARIO 1 COST AS PER RATES DURING - MAY
2013
|
|||
|
CHARGES HEADS
|
RATE
(` PER SQ FT)
|
AREA
|
COST (`)
|
|
BSP PER SQ FT
|
3010
|
1290
|
3882900
|
|
ADDITIONAL PER SQ FT CHARGES =
FFC + EEC + IDC +EDC + PARK/ROAD FACING CHARGES = 25 + 40 + 25 + 50 + 27.5
|
167.5
|
1290
|
216075
|
|
POWER BACKUP
|
20000
|
|
20000
|
|
COVERED PARKING
|
200000
|
|
200000
|
|
TOTAL
|
4318975
|
||
|
SCENARIO 2 COST AS PER RATES DURING - END JUL
2013 |
|
|
CHARGE HEADS
|
COST (`)
|
|
CONSOLIDATED PRICE
|
4090000
|
|
ADDITIONAL PER SQ FT CHARGES =
FFC + EEC + IDC +EDC + PARK/ROAD FACING CHARGES = 0 + 0 + 0 + 0 + 0
|
0
|
|
POWER BACKUP
|
0
|
|
COVERED PARKING
|
0
|
|
TOTAL
|
4090000
|
|
COST COMPARISON OF SAME
APARTMENT IN BOTH SCENARIOS
|
|
|
COST OF APARTMENT IN MAY 2013
|
4318975
|
|
COST OF APARTMENT IN END JUL
2013
|
4090000
|
|
DEPRECIATION IN THIS PERIOD
|
228975
|
|
% DEPRECIATION IN THIS PERIOD
|
5.30%
|
You are requested to analyse and comment.
Hi, Please re validate PLC, IFMS, EEC, FFC, EDC & IDC charges. this should be Rs.120 sq/ft not Rs.167.5 sq/ft. I've analyse with my cost estimation. May month Cost = 3882900 + 154800 ( 120 * 1290) + 15000 ( power back up 1 kv) + 1,50,000 covered parking = Rs.42,027,00 and July 2013 cost = Rs.40,90,000 + 25,800 ( 1290 *20 IFMS) + 15,000 ( Power backup 1 KV) = Rs. 41,30,800. Cost reduction = Rs. 71,900 i.e; 1.7108% reduction. Please correct me if I'm wrong
ReplyDeleteDear Harish, See the charges applicable in May end / June. I've taken the charges from the Official Site of Bharat City. Only change is that I have taken the average charges of park / road facing. I myself would be very happy to be corrected, if I erred or missed some calculation. After all I too have put my hard earned money for the apartment. But my calculations do not make me feel happy. By the way the charges are, FFC + EEC + IDC +EDC + PARK/ROAD FACING CHARGES = 25 + 40 + 25 + 50 + 27.5 respectively and the covered parking is for 200000 and not 150000 as calculated by you. Probably you have calculated as per the rates applicable in begining of May 2013. I have calculated at the rates as found on 22 May on Bharat City official website. I have downloaded a pdf copy of all the rates as posted on Bharat City official website since launch of the project.
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