The Prestige Place Mumbai Cost sheet and Charges

Featured Image of The Prestige Place Mumbai Cost sheet and Charges


The Prestige Place Mumbai cost sheet and charges start at ₹99 Lakhs for a 1 BHK home with a base rate of ₹16,500 per sq ft across a 15-acre township in Thane. This official paper lists every rupee a buyer pays for 2,900 luxury flats built across 8 tall towers that rise 44 to 55 floors high. It sets down the raw flat price, state stamp duties, floor-rise fees, and society maintenance charges. Home buyers can check the exact numbers for 1, 2, 3, and 4 BHK units that range from 600 sq ft to 2,400 sq ft in size.

On top of the flat price, you will need to pay government taxes and basic paperwork fees. These include a 5% Stamp Duty, a 1% Metro Cess, a one-time ₹30,000 court registration charge, and 5% GST. The builder also takes ₹120 per sq ft before you get your keys. This is an advance maintenance fee that takes care of the building for your first two years. After those two years pass, you will pay a normal fee of ₹8 per sq ft every month.

To make it easier on your pocket, you do not pay everything at once. The full cost is split into 10 simple stages, starting with a 10% booking cheque. You only pay as the building work moves forward, which keeps your money safe until you get your keys in December 2031.

Base Apartment Pricing and Unit Area Breakdown


Base flat prices at The Prestige Place Mumbai range from ₹99 Lakhs to ₹3.96 Crores, covering 2,900 total apartments built across 8 tall towers. This basic sum makes up the main flat value written on your official sale contract.

  • 1 BHK Homes (600 – 700 sq ft): Base prices start at ₹99 Lakhs across 580 total apartments in the project.
  • 2 BHK Homes (900 – 1,100 sq ft): Base prices begin at ₹1.49 Crores across 1,305 apartments.
  • 3 BHK Homes (1,400 – 1,700 sq ft): Base prices start at ₹2.81 Crores across 870 available units.
  • 4 BHK Homes (2,000 – 2,400 sq ft): Base prices range from ₹3.30 Crores to ₹3.96 Crores across 145 luxury homes.
Flat Type Flat Size (Super Built-Up) Starting Base Price Total Share of Flats Total Project Units
1 BHK 600 – 700 sq ft ₹99 Lakhs* Onwards 20% of inventory 580 flats
2 BHK 900 – 1,100 sq ft ₹1.49 Crores* Onwards 45% of inventory 1,305 flats
3 BHK 1,400 – 1,700 sq ft ₹2.81 Crores* Onwards 30% of inventory 870 flats
4 BHK 2,000 – 2,400 sq ft ₹3.30 – ₹3.96 Crores 5% of inventory 145 flats

Floor Rise (FRC) and Preferential Location Charges (PLC)


Floor Rise Charges start from the 5th floor up to the 55th floor, adding a set per-square-foot cost for every level you go higher. Flats placed on high floors pay this fee for better breeze, quiet rooms, and wide city views.

Preferential Location Charges add an extra fee for corner flats and homes that look out onto the large 4.5-acre green park. Flats facing the open Yeoor Hills or the central swimming pool cost a bit more than flats that face the main street. The builder adds these fees to your base flat price before writing out the final sale agreement.

Statutory Government Taxes and Mandatory State Fees


Government charges add a 5% Stamp Duty and a 1% Metro Cess to your flat agreement value, along with a flat ₹30,000 court registration fee. The government also collects a 5% GST on new under-construction flats, which is billed in parts as the towers come up.

  • Stamp Duty: 5% of the flat cost paid straight to the state stamp office.
  • Metro Cess: 1% local transport tax collected for new rail and road works in the Thane area.
  • Registration Fee: A one-time fixed charge of ₹30,000 to record your sale papers at the sub-registrar office.
  • GST: 5% tax split into 2.5% Central GST and 2.5% State GST on each bill.

Society Maintenance Charges and Advance Sinking Fund


Society maintenance is estimated at ₹8 per sq. ft. each month. Buyers also pay a 24-month advance maintenance amount of ₹120 per sq. ft. before collecting the keys. This advance amount helps the society cover regular building costs and manage day-to-day services.

  • Monthly Upkeep: The maintenance charge is ₹8 per sq. ft. each month. It covers daily cleaning, lift power, and water pump use.
  • 2-Year Advance Fee: Buyers pay an advance maintenance amount of ₹120 per sq. ft. at the time of key handover. This amount covers the first two years.
  • Shared Amenities: The maintenance cost also helps cover power backup, pool filter care, and gym equipment upkeep.
  • Safety Staff: The fee helps pay for security guards, CCTV monitoring, and regular garden care.

Parking, Clubhouse, and Utility Infrastructure Charges


One-time infrastructure costs include dedicated covered car parking slots and full clubhouse access across the 15-acre project grounds. These fixed fees appear on your detailed cost sheet alongside the basic flat value.

  • Covered Car Parking: Dedicated basement or podium parking spaces assigned per flat unit.
  • Clubhouse Membership: Lifetime access fee for swimming pools, sports courts, and health clubs.
  • Power Connection: Electric meter setup, transformer installation, and backup power wiring.
  • Water Connection: Municipal water lines, treatment pumps, and fire-fighting pipeline setup.
  • Legal Documentation: Flat fee for drafting, stamping, and legal verification of agreement papers.

Official 10-Stage Construction-Linked Payment Plan (CLP)


The payment plan splits 100% of your total cost into 10 equal steps of 10% each, starting from your first booking day up to December 2031. You pay each stage only after the builder finishes that specific part of the work on the building site.

Step Number Payment Share (%) Work Done on Site
Step 1 10% Token money paid to book the flat
Step 2 10% Signing and stamping the Sale Agreement
Step 3 10% Digging the ground for tower base
Step 4 10% Casting the plinth slab
Step 5 10% Finishing basement levels
Step 6 10% Pouring floor slabs as towers rise
Step 7 10% Completing top floor roofs
Step 8 10% Laying room floor tiles and wall plaster
Step 9 10% Fitting water pipes and power wires
Step 10 10% Getting the final paper (OC) and flat keys

Estimated Total All-Inclusive On-Road Cost by Configuration


All-inclusive buying costs add about 11% to 13% over your base price, lifting a ₹99 Lakhs flat to an on-road cost near ₹1.12 Crores. This total sum brings together your base flat price, all state taxes, society deposits, and meter charges in one clear view.

Flat Typology Base Flat Price Taxes (6% Duty + 5% GST) Advance Maintenance (2 Yrs) Total Estimated On-Road Cost
1 BHK (600 sq ft) ₹99,00,000 ₹10,89,000 ₹72,000 ~₹1,11,50,000
2 BHK (900 sq ft) ₹1,49,00,000 ₹16,39,000 ₹1,08,000 ~₹1,67,50,000
3 BHK (1,400 sq ft) ₹2,81,00,000 ₹30,91,000 ₹1,68,000 ~₹3,14,50,000
4 BHK (2,000 sq ft) ₹3,30,00,000 ₹36,30,000 ₹2,40,000 ~₹3,69,50,000

FAQs


1. What is the base rate on The Prestige Place Mumbai cost sheet?

The starting base rate is ₹16,500 per sq ft, which puts a 1 BHK flat at ₹99 Lakhs. Larger 2, 3, and 4 BHK flats range up to ₹3.96 Crores before taxes and extra fees.

2. How do Floor Rise Charges work on the cost sheet?

Floor Rise Charges start from the 5th floor and go up to the 55th floor, adding a small per-square-foot cost on every higher floor. This charge pays for wider views, fresh air, and lower road noise.

3. How much advance maintenance do I pay at possession?

You pay ₹120 per sq ft as a 24-month advance deposit before taking your keys, followed by ₹8 per sq ft monthly after two years. This money stays in the society bank account to run the elevators, guards, and pumps.

4. What government taxes must I add to the base price?

You must add a 5% Stamp Duty and a 1% Metro Cess on the flat cost, plus a flat ₹30,000 court registration fee. You also pay 5% GST across the construction stages.

5. When will buyers get possession of their flats?

Possession is set for December 2031 across all 8 towers, matching the 10-step payment schedule. You pay the final 10% installment only after the builder gets the Occupancy Certificate and gives you your keys.

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