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I am purchasing a flat in I at Rs. 3,000/- per sq. ft.  The area of the balcony is 120 sq. ft, Can the builder charge balcony area also at the rate of Rs.3,000/- per sq. ft.?  I have heard that legally the builder can charge for the balcony only at the rate of one-third of the rate fixed for the main building.  

- by Rajashekhar, Siddapura

It is the prerogative of the vendor to fix the sale consideration and the terms and conditions for sale of any of his property.  It is for the purchaser to accept the terms and conditions in their totality or to negotiate with the vendor/developer on the points of dispute.  However, there is no provision under any law for charging lesser rate for the balcony.


These are all the legal questions answered by Advocate S.Selvakumar in various magazines, in various occasion including realestate reporter monthly.


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