Terms Every Homebuyer Should Know — from EMI and down payment to stamp duty and payment plans. Understand the complete cost of buying a luxury flat at Fab Luxe Residences, developed by Forbes Global Properties.
The fixed monthly payment you make to the bank to repay your home loan. Each EMI includes both principal repayment and interest. For a Fab Luxe 3 BHK+Study at Price on Request with 80% financing, the EMI works out to approximately an amount available on request at 8.5% for 20 years.
Read full explanation →The upfront amount you pay from your own funds when buying a property. Banks typically finance 75-80% of the property value, so you need to arrange 20-25% as down payment. For a Price on Request flat, this means at least an amount based on property value from your own savings.
Read full explanation →Goods and Services Tax at 5% (without ITC) applies to under-construction properties. For a Fab Luxe flat at Price on Request, GST adds approximately an amount available on request. GST becomes zero once the project receives its Occupation Certificate (OC).
Read full explanation →A state government tax paid when registering a property transaction. In Uttar Pradesh, stamp duty is 7% for male buyers and 6% for female buyers. This is one of the largest additional costs beyond the flat price itself.
Read full explanation →The fee paid to the government for officially recording your property transaction. In UP, registration charges are fixed at 1% of the property value, paid along with stamp duty at the time of registration.
Read full explanation →A payment plan where your installments are tied to construction milestones. You pay 10% at booking, 10% at agreement, and the remaining 80% as the building progresses. This is the plan offered by Fab Luxe Residences and is the safest option for buyers.
Read full explanation →An alternative to CLP where you pay a larger upfront amount (30-50%) in exchange for a discounted price. Best suited for cash-rich buyers who want to minimize their total cost of purchase.
Read full explanation →The introductory price offered by developers before the official launch. Pre-launch prices are typically 15-25% lower than launch prices and represent the lowest entry point. Fab Luxe Residences is currently in this favorable pricing phase.
Read full explanation →The most common metric for comparing property values — calculated by dividing the total price by the area. Fab Luxe has a BSP of On Request on super area. Always check whether prices are quoted on super area, built-up area, or carpet area.
Read full explanation →The maximum loan amount a bank will sanction based on your income, credit score, existing liabilities, and age. For luxury homes in the ₹2-4 Cr range, you typically need a household income of ₹3-5 Lakh/month to qualify for the required loan amount.
Read full explanation →The per-square-foot premium developers add for higher floors, reflecting better views, light, and reduced street noise. Typical FRC ranges from Rs 15-50 per sqft per floor. Understand how to calculate floor rise across G+35 luxury towers in Noida.
Read full explanation →The "no EMI till possession" payment plan where you pay 20 percent down, the bank disburses 80 percent to the developer, and the developer pays the EMI on your behalf. Understand the post-2019 RBI rules and what to verify before opting in.
Read full explanation →The percentage gap between carpet area (your usable space) and super area (the price area). Typical Noida luxury loading is 25-35 percent. Learn how to calculate loading and compare apartments fairly across different developers.
Read full explanation →Our property advisors can walk you through the complete cost structure of Fab Luxe Residences
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