Improvement cost on open plot sale


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Quick Summary
This discussion addresses the acceptable improvement cost percentage for an open plot valued at Rs. 33,00,000/- on a 15-year lease. General expenditures are typically capped at 2-3% per annum, provided there's justification. Additional structures can be accommodated up to their actual cost.

18 July 2024 sir, for 15 years term how much improvement cost percentage may acceptable ?

18 July 2024 Actual cost with sustainable proof, any amount is accepted. Percentages vary from area to area.

18 July 2024 open plot value rs.33,00,000/-

18 July 2024 Max. 2/3% P.A on general expenditures, with justification. Any additional structure etc. up to the cost.


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