The cost of buying a flat in Mumbai is always more than the price on the brochure. On top of the base price, buyers pay government charges, project charges and their own moving-in costs. For a luxury home, these extras can add up to a very large amount, so it pays to understand them before you compare projects.
This guide lists every common charge in plain English, explains which ones apply to new and resale homes, and gives you a checklist for asking a developer for a complete cost sheet. It is general information, not tax or legal advice. Rates and rules change, so confirm the current figures with official sources, your chartered accountant and your property lawyer.
The base price
The base price is the price of the home itself. Under RERA, homes are sold on carpet area, so the price should be linked to the carpet area of the flat. Our guide to carpet area vs built-up area explains the difference.
Some projects charge extra for a higher floor, a better view or a particular position in the tower. These are often called floor-rise or preferential location charges. Ask whether they apply and whether they are already in the price you were quoted.
Government charges
These are paid to the government and are not set by the developer:
- Stamp duty. A state tax paid when the sale agreement is registered. In Maharashtra, the rate depends on where the property is and can include extra cesses. Check the current rate on the Maharashtra Department of Registration and Stamps (IGR) website.
- Registration charges. A fee for registering the agreement with the sub-registrar.
- GST. Under-construction homes attract GST on the price. Completed homes with an occupancy certificate generally do not. Ask how GST applies to each payment.
- TDS. When the price is above the limit set in the Income Tax Act, the buyer must deduct tax at source and deposit it. This is not an extra cost, but it must be paid correctly and on time.
Because stamp duty and GST are worked out on the value of the home, they become large amounts on luxury purchases. Plan them as cash you will pay yourself, as banks usually do not include them in the loan.
Project charges
These are charged by the developer or the society and vary between projects:
- Parking. Ask how many spaces come with the home and whether they are charged separately.
- Maintenance deposit. Many projects collect maintenance in advance for a fixed period.
- Society formation and legal charges. Fees to set up the housing society and prepare documents.
- Club membership. Some projects charge separately for the clubhouse and amenities.
- Utility connections. Electricity meter, water and gas connection charges.
- Corpus or sinking fund. A deposit kept for long-term repairs of the building.
| Charge | New project | Resale home |
|---|---|---|
| Stamp duty and registration | Yes | Yes |
| GST | Usually, if under construction | Generally no |
| Parking, deposits, society charges | Set by the developer | Depends on the society |
| Transfer fee | No | Often charged by the society |
| Brokerage | Depends on the channel | Usually yes |
Your own costs
- Home loan costs. Processing fees, legal and valuation charges, and interest during construction. Our home loan checklist explains how these work.
- Legal checks. Fees for a property lawyer to review the title and the agreement.
- Interiors and furniture. For a luxury home, this can be a large budget item on its own.
- Moving and setting up. Shifting, appliances, home automation and security systems.
How to ask for a complete cost sheet
Ask every developer for a written cost sheet that shows:
- The base price and the carpet area it is based on
- Floor-rise, view or location charges, if any
- Parking charges and the number of spaces
- Every deposit, membership and society charge
- GST, stamp duty and registration, shown separately
- The payment schedule, linked to construction stages
Compare projects using this full figure, not the headline price. When you shortlist luxury apartments in Bandra West or anywhere else in Mumbai, two homes with a similar base price can end up with quite different total costs.
Why the total cost matters more in the luxury segment
In the luxury segment, homes often come with features that change the final cost: private lifts, larger balconies, more parking, bigger clubhouses and higher maintenance. Our guide to ultra-luxury homes in Mumbai explains these features and what to ask about each one.
Applying this to Adani Bandra Reclamation
Adani Bandra Reclamation, by Adani Realty, is a planned sea-front project at Bandra Bay in Bandra West. Developer-authorised listings show 3 BHK sea-facing residences from Rs 29 Cr* onwards, which is an indicative starting price, approximate and exclusive of statutory charges, taxes and other applicable levies. The 4 BHK Sea Suites are price on request, and carpet areas have not been published yet.
The project is pending registration under RERA, so no bookings can be made yet and the final price and charges will only be confirmed on registration. You can still ask for the price sheet and floor plans now. Our article on the Adani Bandra Reclamation price explains what “Rs 29 Cr* onwards” means.
Read next
- Luxury apartments in Bandra West: a buyer’s guide
- Ultra-luxury homes in Mumbai: seven features that set them apart
- Is Adani Bandra Reclamation a good investment? Eight factors to weigh
- Adani Bandra Reclamation payment plan: how payments work under RERA
- Adani Bandra Reclamation maintenance charges: what drives the monthly cost
- Flat possession checklist: what to inspect and collect before you take the keys
- Adani Bandra Reclamation parking: five basement levels and the arrival experience
Frequently asked questions
What is included in the cost of buying a flat in Mumbai?
The base price, plus government charges such as stamp duty, registration and GST (for under-construction homes), project charges such as parking and deposits, and your own costs such as loan fees, legal checks and interiors.
Is GST charged on a ready-to-move flat?
Generally no, when the flat is complete and has an occupancy certificate. Under-construction homes usually attract GST. Confirm the current rules with your chartered accountant.
Where can I check the stamp duty rate in Maharashtra?
On the website of the Maharashtra Department of Registration and Stamps (IGR Maharashtra), or with your property lawyer.
Does a home loan cover stamp duty and registration?
Usually not. Banks generally expect you to pay these from your own funds, so plan for them separately.
Is the Rs 29 Cr* price at Adani Bandra Reclamation the total cost?
No. It is an indicative starting price, exclusive of statutory charges, taxes and other applicable levies, and will be confirmed on RERA registration.
Get the brochure, floor plans and price details
For the Adani Bandra Reclamation brochure, floor plans and the current price position, message us on WhatsApp, call +91 80503 63647 or send an enquiry. Zero brokerage and a priority site visit are available on request.
RERA notice: Adani Bandra Reclamation is pending registration under RERA – as per Section 3 of the RERA Act 2016, no bookings, sale agreements or allotments shall be made until registration is granted, and the information here is for awareness only.
*Indicative, as per developer-authorised listings (September 2026), approximate, exclusive of statutory charges, and subject to change. Areas, layouts and pricing do not constitute an offer and will be confirmed on RERA registration. Images: artist’s impressions, indicative only.
This is a marketing page and is not the official Adani Realty website. The project is developed by Adani Realty; all trademarks and project names belong to their respective owners and are used here solely to identify the project represented.
