Due to the slump in real estate prices last year, developers in Delhi-NCR have come up with a new way to woo customers — offering homes at more affordable rates. But before you are lured by low-cost projects, remember to read the fine print. For example, a prospective buyer will need to shell out Rs 350 per sq ft if he wants vitrified tiles in his new home. However, if the buyer opts for high-end specifications like a modular kitchen, air-conditioning and wood laminate flooring, he will have to cough up as much as Rs 500 per sq ft. And that’s not the end of it — developers will not allow sale of homes at the basic price.

BPTP launched its residential project, Park Serene, in Gurgaon’s Sector 37D. ILD also launched its project — Spire Greens — in the satellite town’s Sector 37C. DLF’s New Town Heights in Gurgaon’s Sector 90 has preferential location charges (PLC) of Rs 300 to Rs 500 on every apartment.

DLF’s New Town Heights is being sold at a rate between Rs 2,250 per sq ft and Rs 2,350 per sq ft. However, what customers are unaware of is that one has to pay a PLC of Rs 300 on a three-bedroom apartment of 1,760 sq ft. On apartments in the range of 2,125-2,505 sq ft, one has to shell out a PLC of Rs 500. The DLF spokesperson was unavailable for comment.