Embassy Biome Residences Cost Sheet

Embassy Biome Residences Cost Sheet

Embassy Biome Residences Cost Sheet is the most important step for any homebuyer looking to invest in this ultra-luxury township in North Bangalore. The cost sheet is a fully transparent document provided by Embassy Group that breaks down the final property price, starting with a base rate of ₹25,000 per square foot for luxury villas (priced from ₹10.5 Crore). As a real estate expert, I highly recommend reviewing this document carefully because it gives you a clear picture of exactly what you are paying for—covering the basic property value, government taxes, clubhouse fees, and maintenance deposits—so you can plan your budget without any hidden surprises.

When buying a premium property, the heavily advertised "starting price" is just the beginning. Below is a detailed, simple breakdown of every charge you will find on the official cost sheet for Embassy Biome Residences.

1. Base Price and Property Charges

This is the core cost of your new home.

• Base Selling Price (BSP): This is calculated by multiplying your home's total super built-up area by the current rate per square foot (approx. ₹25,000/sq. ft. for villas during the pre-launch phase).
• Preferential Location Charges (PLC): If you choose a premium unit—like a corner plot, an east-facing home, or a villa facing the central park—we add a slight premium per square foot.
• Clubhouse Membership: A one-time charge granting your family access to the massive 40,000 sq. ft. luxury resort-style clubhouse and sports amenities.
• Car Parking: A fixed charge for your dedicated, covered car parking slots.

2. Government and Statutory Taxes

These charges are mandatory, non-negotiable, and paid directly to the government.

• GST (Goods and Services Tax): For under-construction luxury residential properties, the government charges a flat 5% GST.
• Stamp Duty: As per Karnataka state laws, stamp duty on premium properties is generally calculated at 5% of the total property value.
• Registration Charges: A fee of 1% of the property value is paid at the local Sub-Registrar office when the property is legally transferred to your name.

3. Utility, Legal, and Maintenance Deposits

These are the final charges paid right before you get the keys to your new home.

• BESCOM & BWSSB Deposits: These are standard fees paid at actuals for getting your permanent electricity (BESCOM) and water (BWSSB) connections.
• Advance Maintenance: Builders usually collect a 12-month advance maintenance fee to cover security, garbage collection, and park upkeep for the first year.
• Khata Registration & Legal Fees: A small fee (typically around 2%) paid to the BBMP for registering the Khata in your name, plus basic legal charges for drafting the sale agreements.