PLC: The Rising Standard Cost in Real Estate

what is full form of plc have developed over time to become a standard element in the total cost of a housing unit, reflecting evolving buyer needs and desires. Emerging trends in this area include their incorporation into PLC in real estate. These charges, distinct from the Basic Sale Price (BSP), impose supplementary costs on homebuyers. This practice is widespread, with real estate projects commonly associating additional charges beyond the BSP with various factors that enhance a property's desirability and location.

What is PLC in Real Estate?
A Preferential Location Charge (PLC) is an additional fee that buyers pay to access specific amenities not included in the standard package. Developers determine PLC charges based on two factors: the apartment or flat's height and the views and additional amenities it offers. These charges are sometimes referred to as "floor rise premiums."

What is PLC full form in Real Estate?

PLC stands for "Preferential Location Charge," and these are commonly abbreviated as PLCs, extensively employed in real estate ventures.

How is PLC calculated?

To compute the Preferential Location Charge (PLC), use the following formula: PLC = Developer's PLC rate card rate × Super area of the apartment.