Introduction
Looking for a 1 BHK flat in Mumbai, 2 BHK for sale near you, or a luxury 3 BHK apartment in Mira Road or Thane? While comparing prices for flats near you, it's easy to overlook the hidden charges that add up during the buying process.
Whether you're eyeing new construction projects near you, real estate in Mira Road, or new projects in Thane, knowing the full cost upfront is crucial to avoid last-minute surprises.
🧾 1. Stamp Duty in Mumbai
This is a mandatory tax payable on the property transaction.
- Current Rate (2025): 5% of the agreement value
- Women Buyers: Eligible for a 1% concession (pay only 4%)
✅ Important for buyers of 1 BHK in Mira Road East or 2 BHK flats for sale near you—always calculate this cost while budgeting.
🖋️ 2. Registration Charges
Charged for registering the property in your name with the government.
- Fees: ₹30,000 or 1% of the agreement value (whichever is applicable)
Especially relevant for projects in Mira Road, where the demand for 1BHK and 2BHK flats is booming.
🧮 3. GST on Flats in Mumbai
If you're buying an under-construction flat, GST is applicable.
- 5% for general housing
- 1% for affordable housing
- 0% GST on ready-to-move-in flats with Occupancy Certificate (OC)
Looking for new residential projects near you or new projects in Mira Road? Make sure to ask whether GST is included in the quoted price.
Also Read: Common Mistakes First-Time Homebuyers Make & How to Avoid Them
🛠️ 4. Maintenance Charges (Often 6–24 Months Advance)
Builders often ask for advance maintenance for newly handed-over homes.
- Typical Rate: ₹2–₹6 per sq. ft/month
- Covers: Security, lift, garden, clubhouse, etc.
- Applies to both 1 BHK flats and 3 BHK luxury apartments in gated societies.
🧱 5. Infrastructure & Development Charges
Common in new projects at Mira Road and projects in Thane, these are for municipal road widening, sewerage, and water lines.
- ₹50,000 – ₹2,00,000+, depending on location and builder
🪜 6. Floor Rise Charges
Most property developers in Mumbai charge per floor for flats in high-rise towers.
- ₹25–₹100 per sq. ft per floor
- Especially applies to luxury 3 BHK flats or 3 BHK apartments with higher elevation.
Also Read: Lesser Known Terms in Real Estate You Need to Know
🚗 7. Parking Charges
Not always included in the base cost.
- ₹2 lakh – ₹10 lakh depending on project, location, and type (open/stilt/covered)
- Applies across 2 BHK flats, 1 BHK in Mira Road East, and luxury segments.
🧘 8. Clubhouse & Amenities Charges
Applicable in most new projects in Mira Road or luxury 3 BHK apartment complexes.
- ₹50,000 – ₹2 lakhs for access to gym, pool, indoor games, etc.
📑 9. Legal, Admin & Documentation Costs
Charged by developers for sale agreement paperwork, legal vetting, and coordination.
- ₹10,000 – ₹25,000 depending on the developer
Important when dealing with real estate in Mira Road, where reputed developers offer structured legal packages.
🏦 10. Home Loan Processing Charges
If you’re availing a loan for your flat 3 BHK or even a 1 BHK near you, banks charge:
- Processing Fees: 0.25% – 1% of loan
- Legal & Technical Fees: ₹5,000 – ₹10,000
Also Read: Renting vs. Buying 1 bhk flat in Mumbai: Which is a Smarter Choice in 2025?
✔️ Tips for Buyers Searching for Flats “Near Me”
- Whether you're looking for a 1BHK flat for sale, 2BHK Mira Road, or luxurious 3 BHK flat, always ask for the complete cost sheet.
- Confirm inclusion of parking, maintenance, GST, and other charges in the final agreement.
- Always prefer RERA-registered property developers in Mumbai with transparent pricing.
Final Thoughts
Buying a home—be it a 1 BHK flat near you, a 2 BHK at Mira Road, or a 3 BHK luxury apartment—involves more than just the advertised price. Hidden charges can inflate your budget by 10–15%. So, when searching for new construction projects near you or real estate Mira Road, ensure you calculate the true cost and stay ahead.