In the realm of real estate, development charges have become a topic of intrigue for many. Especially in the case of Blue World City, a well-known name in the real estate market, the question often arises: Why are development charges sometimes higher than the cost of the land itself? In this article, we’ll delve into the intricacies of development charges of Blue world City, exploring the rationale behind their pricing structure and how they play a pivotal role in sustaining the long-term vision of the society.

The Cost Evolution: Steel, Cement, and Labor

One of the primary factors that contribute to the seemingly disproportionate development charges is the evolving cost of construction materials and labor. Over time, the prices of essential materials like steel and cement can fluctuate significantly due to market dynamics, economic changes, and global events. As a real estate marketing company, Blue World City’s management understands the need to anticipate these fluctuations. By factoring in potential cost increases, development charges are established to ensure that the project remains financially viable and can be completed without compromise.

construction blue print

Uniformity in Charges

At the end of the 4-year installment period, the society institutes a development charge approximately from 1.5 lac to 2 lac per marla. This charge is consistent across the board, irrespective of the plot’s initial cost. This approach may raise questions, especially when considering plots with varying price ranges. The rationale here is to ensure uniformity and fairness. This practice is not unique to Blue World City; many other societies follow the same approach to avoid complexities and maintain transparency.

Transparency Through Payment Plan

In Blue World City’s payment plan, the management explicitly outlines that the prices mentioned pertain solely to the cost of the land. This transparency is crucial to avoiding confusion and misconceptions. By segregating the land cost from development charges, the society ensures that buyers are well-informed about the financial obligations they’ll encounter throughout the property acquisition journey.

Blue world city Gernal Block -2

Exceptional Features:

  • Horse Mascot Build: Embrace the majestic symbol of strength and freedom as you enter the enchanting world of Blue World City General Block Phase 2.
  • Grand Gates (Gate 1, 2, and 3): Step into a world of elegance and prestige as you pass through these beautifully designed gates that mark the entrance to your serene oasis.
  • Prime Location: Conveniently situated on the Motorway, the front of General Block Phase 2 ensures seamless connectivity to major routes, making commuting a breeze.

1 thought on “Understanding Development Charges in Blue World City”

  1. Hello, Your development charges do not make sense. You expect people (who paid in instalments over a period of 4 years) to come up with 1.5/2 lacs per Marla development charges, where it will cost them more than their initial cost for the plot!? This was never implied at the very beginning of the instalment process. This great opportunity to investing has become very disappointing and problematic to many, I hope you can come to a better solution for the people who have put their trust in you! Thank you

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