What do you mean by price of the property?

The total price of the property is calculated by adding the following components, all components are generally in Rs./Square foot and have to be multiplied by the area being sold.

BSP – Basic Sale Price is the basic cost of the property.

Other charges – Lease Rent, IFMS, Electric Substation Charges and Car Parking.

PLC – Preferential Location Charges- May be charged as View, park facing, road facing, Golf course, River side etc.

Floor PLC, for lower floors in case of Low rise apartments and for Higher Floors in case of High Rise Settlements.

Corner PLC may be charged in case of Plots

CLP – Construction Link Plan

Flexi Payment Plan – This is a construction linked payment plan but attracts different discount on BSP, as the first three installments take 50% of the total cost.

Down Payment Plan – Like a flexi payment this also attracts a huge discount on the BSP, but 95% of the payment is made within 60 days typically.

Goods & Services Tax is charged @ BSP and on Other charges, these are charged as per the payment plan and on each payment made.

What do you mean by Built-Up Area and Super Built-Up Area?

Built-Up Area is the carpet area plus the thickness of outer walls and the balcony.

Super Built – Up Area is the built up area in addition to the proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners make up the Super Built-Up area. At times it may also include the common areas such, swimming pool, garden, clubhouse, etc. The term is therefore only applicable in the case of multi-dwelling units.

What do you mean by Carpet Area?

Carpet Area is the area enclosed within the walls, actual area to lay the carpet.

Carpet Area is the total usable area enclosed within the four walls of an apartment or commercial space. It refers to the actual area over which a carpet can be laid if required by the owners. It does not include the thickness of the inner walls.

How can I stay updated on new property listings?

You can stay updated on new property listings by subscribing to our newsletter, following us on social media, and regularly visiting our website. We also offer personalized alerts based on your specific requirements.

What is the process for buying a property?

The process for buying a property involves:

  1. Identifying your requirements and budget.
  2. Searching for suitable properties.
  3. Arranging property viewings.
  4. Making an offer and negotiating terms.
  5. Conducting property inspections and due diligence.
  6. Completing legal documentation and finalizing the purchase.

Can you help with home renovation and interior design?

Yes, we have a team of experienced interior designers and contractors who can assist with home renovation and interior design projects to enhance the value and aesthetic appeal of your property.

How long does it take to sell or rent a property?

The time it takes to sell or rent a property can vary based on market conditions, property location, pricing, and demand. On average, properties in Mohali and Chandigarh can be sold or rented within a few weeks to a few months.

Do you assist with legal documentation and paperwork?

Yes, we provide assistance with all legal documentation and paperwork involved in real estate transactions, ensuring a smooth and hassle-free process for our clients.

What are the fees for your services?

Our fees vary depending on the type of service you require. For real estate transactions, we typically charge a commission based on the sale or rental price. For property management and other services, we offer competitive rates. Please contact us for a detailed quote.

How do you determine the value of a property?

We determine the value of a property based on various factors including its location, size, condition, market trends, and recent sales of similar properties in the area. We also provide a detailed market analysis report.

Do you offer property management services?

Yes, we provide comprehensive property management services including tenant placement, rent collection, property maintenance, and regular inspections to ensure your property is well-managed.

What areas do you cover in Mohali and Chandigarh?

We cover all major residential and commercial areas in Mohali and Chandigarh, including sectors 1-70 in Chandigarh and areas like Phase 1-11, Kharar, Zirakpur, and Aerocity in Mohali.

How can I schedule a consultation?

You can schedule a consultation by visiting our website and filling out the contact form, calling our office directly, or emailing us at sales@primenest.co.in. Our team will get back to you within 24 hours to arrange a suitable time.

What services do you offer?

We offer a comprehensive range of services including residential and commercial real estate services, property management, interior design, home renovation, and real estate consulting.