Friday, April 19, 2013

Inferences from the Mulberry County price list

I was wondering that if someone were to invest a particular sum in a project and in a particular type of flat and that too in a region where there are tens of these projects coming up offering hundreds of variants of BHK units, what inferences can be drawn from their information brochures in general and the price list in particular. Price lists play an important role in making comparisons as do the location maps, localities and the floor plans of a project. For any particular project, such as the Mulberry Country Faridabad, the price list can be used to draw certain inferences and make comparisons with the other projects.

While looking at the Mulberry County price list, the first thing which a person views is the total price of the different unit prices. This brings to their knowledge how much is it actually going to cost them while buying an apartment in the project. Developers do advertise prices of their units on different media but, most of the time, these are the basic sale prices and the actual prices do differ a lot from these advertised ones.
So, the first thing that shall be done is to deduct basic sale prices from actual one in order to ascertain the difference. This difference can be compared with the ones in the other projects for similar units so as to ascertain which one is cheaper than the other.

The second step is to ascertain why this difference exists. So, each head of cost would need to be compared. This would help you to ascertain which heads are more or less expensive than the same ones in the other projects. But, ascertaining this is not the end in itself.

At the third step, you shall also try to establish justifiable reason into the difference of prices of these cost heads. This can be understood with an example. For example, if you find that the parking charges in the Mulberry Country Faridabad are less than that of the other projects, you shall also find out how many cars will be allowed parking in that price and what would be the area of parking. Is it that the more expensive ones are offering parking for more than one car? So, the rationale shall not be lost in order to make proper inferences.

This difference would tell you which units are priced at a reasonable level, assuming that all other things are almost constant. So, the price list helps you to make a better deal by knowing what are charges are reasonable and which are being exorbitantly charged.

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