When it comes to real estate, there are several factors that buyers need to be aware of. Along with the process of finding the perfect under construction projects in Thane West to invest in, buyers need to also be aware of certain financial terms. One of the most important ones, of which is BSP or Basic Sale Price.

Understanding BSP helps you make the right decision before hand, so you are not stumped later.

What is BSP?

BSP is the price set by the builder or developer for the sale of a property, excluding additional charges like parking, maintenance, taxes, and registration fees. Basically, BSP is the base price per square foot or square meter of the carpet or built-up area of the flat.

For example, if the BSP is INR 5,000 per square foot and your 2 BHK studio apartment in Thane is 1,000 square feet, the basic cost of the flat will be ₹50 lakhs, excluding other charges. This way you can calculate your flats BSP.

Why BSP Matters to Homebuyers

Understanding BSP helps with the following

  • Compare properties between different builders and projects
  • Estimate the basic cost of the property and plan your finances accordingly.
  • Secure a suitable loan amount based on the property value.

What is Not Included in BSP?

BSP only covers the property price, but you will need to pay additional charges, such as:

  • Parking Charges: If parking is not included in the BSP, it will be charged separately.
  • Amenities Charges: Use of facilities like gyms, pools, and gardens may come at an extra cost.
  • Goods and Services Tax (GST): Applicable on under construction flats in Thane.
  • Registration and Stamp Duty: Legal charges for property registration.
  • Maintenance Deposit: An advance deposit for the upkeep of the society.

Factors Affecting BSP Size of Property

The BSP will change depending whether you opt for a 1 BHK under 50 lakhs in Thane or

2 BHK in Thane Ghodbunder Road. The bigger the property, the higher will be the BSP.

Location

When it comes to purchasing property, location is one of the most important factors to consider. When it comes to BSP as well, location plays a key role. The infrastructure of the area, connectivity, and other public amenities, all play a role in affecting the BSP of the area.

Builder Reputation

Builders such as Ace Realty, known for using quality construction materials and timely possession can command a higher BSP. People looking to invest in budget homes in Thane can get the best of both worlds by picking such developers as they get quality homes with capital appreciation.

Regulatory Framework

Market trends and regulatory environments can also impact the BSP of a property.

Conclusion

Understanding BSP or Basic Sale Price is crucial for every homebuyer. It is the starting point for calculating the cost of your dream home and helps you make informed decisions when deciding between properties. To ensure you investment is safe and continues to appreciate, always book with trusted and credible developers like Ace Realty.