7 Hidden Costs No One Tells You About When Buying Flats in Hyderabad
Buying a flat in Hyderabad is often seen as one of the most rewarding investments, thanks to the city’s rapid growth, IT dominance, and infrastructure expansion. While most buyers focus on the property price quoted by builders, what many don’t realize is that the final cost often goes well beyond the basic price. These hidden charges can catch you off guard if you are not well-prepared. At OXY Select by Realtor Oxygen, we guide buyers and investors to make informed decisions by understanding the true cost of home ownership.
Here are the 7 hidden costs no one tells you about when buying flats in Hyderabad:
1. GST and Taxes
While ready-to-move-in flats may not attract GST, under-construction properties usually carry an additional tax of 5% on the basic sale price. This alone can significantly raise your purchase cost if not planned in advance.
2. Registration & Stamp Duty Charges
Government levies like stamp duty (7.5% approx.) and registration charges (1%) are mandatory when transferring property ownership. These costs can run into lakhs depending on the value of the property.
3. Maintenance & Corpus Fund
Builders usually collect a corpus fund upfront to maintain common areas, lifts, security, and amenities. In addition, you’ll be required to pay monthly or annual maintenance charges that aren’t disclosed initially.
4. Parking Charges
A dedicated parking space in gated communities comes at a cost. While many assume it’s included, most developers charge separately for covered or multiple parking slots, which can be a hefty addition.
5. Clubhouse & Amenities Fees
Modern projects in Hyderabad often include gyms, swimming pools, and clubhouses. Access to these isn’t always free. Developers may ask for a one-time fee or annual charges to use these lifestyle facilities.
6. Interior & Customization Costs
The flat you buy will usually come as a bare shell or semi-furnished. The cost of interiors, modular kitchens, wardrobes, false ceilings, and customizations can often exceed your initial budget.
7. Legal & Processing Fees
Legal verification of documents, bank loan processing charges, and advocate fees are often overlooked but necessary to ensure a safe and transparent purchase. Skipping this step could cost you more in the long run.
Conclusion
When buying flats in Hyderabad, it’s not just about the quoted property price—it’s about the total cost of ownership. From government levies to hidden builder charges, these extra costs can stretch your budget if you’re not prepared.
At OXY Select by Realtor Oxygen, we specialize in training, advisory, and real estate investment guidance. Our goal is to help buyers navigate these hidden expenses and invest smartly with complete clarity. With the right knowledge, your journey to owning a dream home in Hyderabad can be smooth, transparent, and rewarding.