subject: Prime Location Charges And How To Avoid These [print this page] It is common for the builders to charge you extra sums, over and above the basic sale price and other additional charges such as stamp duty, registration charges, EDC/IDC, parking and some others, in the form of the prime location charges (PLC) for being located at some important points in the layout of the project. Normally, the flats which are on the ground or first few floors from the ground, close to the parks, garden or swimming pool or even the top most floors which have the benefit of using the terrace, are charged extra for their prime location. This is true for all the multi-storey buildings or the low rise independent floors such as the BPTP Park Floors.
Prime Location Charges are not prescribed by the government but these are demanded by the builders. Charging the PLCs has become a universal principle and these are common place in the practice of sale-purchase transactions of flats or apartments. Initially, this practice was not much in vogue but at the time of resale of flats, the sellers counted the prime location as one of the reasons for getting more price from the seller. Perhaps, builders took a cue from this practice and themselves started charging these from the customers. The clever builders would develop the societies in such a way that every unit would be having some sort of location advantage which would attract the PLC charges, thereby making it mandatory for the customers to pay the PLC.
Now, as a buyer, if you do not want to pay these charges, here are some of the things which you can do. At first, you shall seek the information on which flats are not attracting the PLC charges. The developers might not be charging the PLC for some particular flats. For example, the builders do not charge the PLC for the upper floors since it is difficult to find buyers for the upper floors. However, for the low-rise apartments such as BPTP Park Floors Faridabad, the builders understand that the topmost floor residents can make good use of the terrace and therefore, the topmost floors might be attracting the PLC charges. But, there might not be any PLC for the floors lower than the topmost one. So, you might have to settle for the top floors or for the flats which do not have the openings in front of parks or swimming pools, if you do not want to pay the PLC. This shall not be a problem if you there is an elevator to take you to the higher floors, or where you are least bothered about the parks and garden facing of the flat.
This is the most practical and perhaps the best way to avoid the levy of PLC charges.
