Prestige Finsbury Park Cost Sheet

A cost sheet is a document that shows the breakdown of costs that are related to the housing project. It is a financial document that tells about the expenses that occurred in the development of the society. The Prestige Finsbury Park cost sheet gives a detailed breakdown of costs in the project. These costs have to be paid by the buyer at the time of buying the property. The society is built on 25 acres of land and was launched in 2019. The completion date was 2023, and it has 3050 premium apartments.

Highlights of Prestige Finsbury Park

A housing project's cost sheet includes:

• Agreement value - The agreement value that is fixed by the owner and has to be paid by the buyer.
• Base price - The builder mentions a rate per square foot as the base price. This base price covers both the land and construction costs. It's calculated by multiplying the rate per square foot by the super built-up area.
• Corpus Fund - Builders usually collect this fund from buyers at the time of booking the property. It's a non-refundable amount that is transferred to the association or society once it's formed. This fund is used for unexpected expenses like maintenance of common areas and the building's exterior.
• Maintenance charges - Builders take an advance maintenance charge from the buyers at the time of booking the property. This charge is taken for upkeeping the society. For repairing the foyer, swimming pool and other common areas.
• Stamp duty and registration - When purchasing an apartment, stamp duty and registration charges are mandatory fees. These charges are paid during the property registration process. Buyers have to pay these fees directly at the Sub-Registrar Office. The amount differs from state to state.
• GST - Developers must collect GST from buyers for under-construction properties. However, once the civic authority issues the completion certificate, GST no longer applies. It's because the property is now ready to move into.
• Other charges - Builders usually do not charge for the amenities offered in the township but can charge for the membership. This type of charge can be taken to maintain the clubhouse.

The Prestige Finsbury Park cost sheet provides buyers with an easy option to pay in simple instalments without worrying about it. To book the property, buyers need to pay 10% of the total amount. 10% has to be paid after the sale agreement is done. 1% GST has to be paid at the time of booking and agreement. These payments are made at specific stages of construction. Buyers have to pay Stamp Duty, Registration charge and other applicable taxes. The builder has provided a schedule that buyers must follow to ensure timely payments.

Prestige Finsbury Park cost sheet helps to analyze project budgets and financial plans. It helps in calculating total expenses and potential returns for a project. It's crucial to update the cost sheet regularly throughout the project to compare actual expenses with budgeted costs accurately.