What is floor rise charge and how it works?

If you are buying a flat in a high-rise building, as the floor level increases, the view becomes more breathtaking. Floor rise charges are the extra amount you pay per square foot as you move up the higher floors in a tall tower. These charges will vary with each project and developer.

How are floor rise charges calculated? 

If you are buying a flat of carpet area of 1000 sq. ft. at Rs. 2000 per square foot. Then the base price for your apartment is Rs. 20,00,000 (1000 sq. ft. × Rs. 2000).

Step by Step Floor Rise Charges Calculation

• If you select an apartment on the 20th floor, then the floor rise charges are Rs. 80 per sq. ft.
• So, for your 20th-floor apartment, the total floor rise cost you end up paying is 80 x 1000 = 8000.

(multiply floor-rise charge per sq. ft x carpet area of the apartment, i.e, 1000 sq. ft) 

• So, your total apartment cost, including floor rise charges, is Rs. 20,08,000. 

Why Is There a Floor Rise Charge?

Builders add a floor rise charge for:

• Less Noise: At higher levels, outside noise will be totally cut off.
• No Dust: Higher floors will have less dust compared to ground floors.
• More Privacy: People on high floors will have high privacy as they will not have others passing by their windows.
• Better Views: High floors offer more breathtaking views of the city and green areas.
• More Sunlight and Ventilation: Homes on higher floors will often get better airflow and sunlight.

How Floor Rise Charges Work at Prestige Golden Grove

At Prestige Golden Grove in Hyderabad, floor rise charges are calculated as follows,

• There are no floor rise charges up to the 3rd floor, as they are considered as the base floors with no extra charge.
• The charge above the 4th floor is ₹25 per sq. ft. for every floor above the ground.

Does Floor Rise Apply to All Flat Types?

For units of all sizes, floor rise charges will apply based on the floor. At Prestige Golden Grove, the floor rise charges apply to:

• 2 BHK Smart Units (1,140 sq ft to 1,300 sq ft)
• 3 BHK Smart Units (1,600 sq ft to 1,700 sq ft)
• 3 BHK Units (1,900 sq ft to 2,100 sq ft)
• 3 BHK + Study Units (2,300 sq ft to 2,450 sq ft)
• 4 BHK Sky Villa Units (2,700 sq ft to 2,950 sq ft)

As the project is in the early launch stage, Prestige Golden Grove is offering "No Floor Rise Charge" for a few selected units as a limited-time deal. These offers may return soon, and buyers can book early to take advantage of these offers.

Conclusion

Floor Rise Charges are the added cost in high rise towers, and buyers must know that this charge will also be added along with the base price. As the upper floors offer better views and get more fresh air with no noise, these floor rise charges are worth paying for to enjoy a comfortable lifestyle.