If you are planning to buy a property, you will encounter different costs, depending on whether you purchase it in a primary market or the secondary market. Property costs involved are quite different in both cases. Following is an explanation of the different charges involved in buying a property in either of these markets.

1. Everything You Need To Know About
Property costs While Buying A Property

2. While you buy a property, you will
encounter costs depending on
whether you purchase it in a
Primary Market or
A Secondary Market

3. Lets learn how
Property costs are
different in both
Primary & Secondary
Markets

4. What is
Primary market
???

5. When a buyer directly buys property from
a builder it is referred to as Primary
Market.
The property may be either under-
construction or Ready-to-Occupy.

6. What are the
important costs
???

7. The loan processing fee & documentation charges
are the first costs that you will encounter if you are
buying a property on bank loan
1 Loan Processing
Fees

8. These are imposed by the Central government,
primarily for developing and maintaining the
infrastructure around the project.
2 Infrastructure
charges

9. The PLC depends on the size, rate and alignment of
the flat. It is calculated per sq. ft., where the area
includes common spaces, car parks, parks and
lobbies.
3 Preferential location
charges

10. These are charges associated with the building
which include electrification, development charges,
parking fees, annual maintenance, firefighting and
other charges such as club-membership.
4 Utility charges

12. These are charged by the government and are
included within the project cost. The government
charges a specific service tax and VAT depending
on the city.
5 Service Tax and VAT

13. These are charges that vary from state to state
which have to be paid separately in the sub-
registrar’s office while purchasing a property.
6 Stamp duty &
Registration fees

14. What is
Secondary market
???

15. A property which is on resale and you are
buying a property from an owner instead
of a builder is a secondary market.
As the property is already ready to move in,
you do not encounter the costs seen in the
primary market.

16. Learn
More About
Property Buying here

17. What are the
important costs
???

18. These charges are applicable if you plan to buy a
property through a broker.
1 Brokerage

19. Depending on the property, you will have other
charges such as property & water taxes , electricity
bills that may not be settled by the previous owner.
2 Other Charges

20. Have Questions Related
to Property
Buying ?
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