What Nobody Tells You Before Buying a Premium Apartment in Gurgaon
Every developer will tell you why their project is exceptional. Here is what they won't tell you.
There is a particular kind of conversation that happens when an HNI buyer is deep into evaluating a premium apartment in Gurgaon.
The brochure is stunning. The site visit went well. The salesperson was polished. The location story makes sense. The numbers, on paper, look attractive.
And somewhere in the middle of all that excitement, the harder questions don't get asked. Not because the buyer isn't smart — they almost always are. But because the entire purchase environment is designed to move you toward a decision, not equip you to scrutinize one.
This article is about the questions that should be asked. The risks that don't show up in presentations. The realities that experienced investors in Gurgaon's luxury market have learned the hard way — and that first-time luxury buyers rarely hear about until it's too late to matter.
The Price You See Is Not the Price You Pay
This one sounds obvious. It isn't. Not at this ticket size.
Most buyers factor in stamp duty and registration — that's 6% stamp duty for male buyers and about 5% for joint ownership in Haryana, plus registration charges. But the list of additions that can quietly inflate a ₹10 crore apartment into a ₹12.5–13.5 crore commitment is longer and less talked about.
Preferential Location Charges (PLC): You want a high floor. You want a park-facing unit. You want the corner apartment. Developers charge separately for all of this, and in luxury projects, PLC can add ₹500–1,500 per sq ft to your base price. In a 4,000 sq ft apartment, that is ₹20–60 lakh added before you've signed anything. And it is rarely mentioned prominently at the start of a sales conversation.
EDC and IDC: External Development Charges and Internal Development Charges are levied per sq ft and recover infrastructure development costs — roads, sewage, water supply — that developers pay to local authorities and pass on to buyers. In premium sectors, these together can add ₹350–900 per sq ft. In a larger format apartment, you are looking at another ₹15–35 lakh.
GST: If the project is under construction, you pay 5% GST on the construction value component. Ready-to-move properties with a completion certificate don't attract this. On a ₹10 crore under-construction apartment, the GST outgo can be ₹40–50 lakh depending on how the land and construction split is structured.
Club membership and IFMS deposit: Most premium projects charge a mandatory club membership of ₹3–8 lakh. The Interest Free Maintenance Security deposit, typically equivalent to 2–3 years of maintenance, is collected upfront and may or may not be refundable depending on the project's maintenance model.
Interiors: This is the number most buyers radically underestimate. Premium projects hand you a bare shell — four walls, flooring in common areas, basic fittings — and the fitout is entirely your cost. For a 3,500–4,500 sq ft luxury apartment, a genuine high-quality interior fitout costs ₹80 lakh to ₹1.5 crore. Some buyers budget ₹30 lakh and spend three times that when they actually start the work.
Add all of this up and the total outflow on a ₹10 crore under-construction apartment is realistically ₹12.5 to ₹13.5 crore — before you've bought a single piece of furniture. Plan for this number from day one, not after you've committed.
Possession Timelines Are Projections, Not Promises
This is perhaps the most emotionally charged risk in Gurgaon's luxury market, and also the most consistently underestimated.
RERA has significantly improved accountability. Developers now face real financial consequences for delays — interest payments to buyers for every month of delay, quarterly mandatory progress reporting, and escrow accounts that restrict fund diversion. HRERA has been noticeably stricter since 2025, with compensation orders being actively enforced.
But RERA hasn't eliminated delays. It has made delays more expensive for developers and more compensated for buyers. That is not the same thing as making them rare.
In complex high-rise luxury projectsÂ
— towers of 40+ floors, multiple blocks, sophisticated MEP systemsÂ
— delays of 12–24 months beyond the stated RERA date remain common across developers,       including reputable ones.Â
The question to ask before buying is not "will they deliver on time?" but "what is this developer's actual delivery history across comparable projects, and am I comfortable carrying the financial and lifestyle cost of a potential 18-month delay?"
If you are buying a lifestyle home and planning to vacate your current residence in anticipation of possession, a delay isn't just inconvenient — it can be genuinely disruptive. Factor in the cost of extending your current accommodation, the psychological toll of a delayed home, and the opportunity cost of capital deployed. Priced honestly, this risk changes the calculus on under-construction vs ready-to-move more than most buyers acknowledge.
The Specification Gap Between Brochure and Possession
This one requires some candour, and we will give it.
The gap between what is shown in a luxury brochure and what is delivered at possession is, in Gurgaon's market, a known issue. It is not unique to one developer. It is structural — because projects are sold 3–4 years before possession, at a point when detailed specifications are aspirational rather than contractually locked.
Italian marble in the lobby can become vitrified tiles. German brand fittings in the brochure can become Indian equivalents by the time fixtures are procured at scale. Club facilities shown in renders may open 12–18 months after possession and at reduced scale. Landscaping that looks lush in presentations takes years to mature.
The smarter approach is to ask the developer for the specific brand names, grades, and specifications that are contractually committed in the builder-buyer agreement — not what is shown in the brochure. RERA requires that the registered project documents carry the committed specifications. Read those documents carefully before signing. What is in the agreement is what you can enforce. What is in the brochure is what you were sold.
Frequently Asked Questions
Q1. How much over the base price should I budget for a luxury under-construction apartment in Gurgaon?Â
Realistically, budget 25–35% over the base price to cover stamp duty, registration, GST, PLC, EDC/IDC, club membership, maintenance deposit, and interior fitout. On a ₹10 crore apartment, plan for a total outflow of ₹12.5–13.5 crore before the keys are in your hand.
Q2. What is the actual difference between carpet area and super built-up area in Gurgaon luxury projects?Â
Typically 25–35%. A project quoting 4,000 sq ft super built-up may deliver 2,700–3,000 sq ft of actual usable carpet area. Always ask for and compare carpet area figures — RERA requires developers to disclose this — before evaluating any project.
Q3. Can RERA fully protect me if a developer delays possession?Â
RERA entitles you to interest compensation for every month of delay, and HRERA has been enforcing orders more actively since 2025. But compensation is not the same as timely possession. It mitigates financial loss; it does not eliminate the lifestyle disruption or the inconvenience of a 12–18 month delay. Delivery track record remains a critical evaluation criterion alongside RERA compliance.
Q4. How do I verify a developer's actual delivery history before buying?Â
Search the developer's name on hrera.org.in and review complaint histories across their past projects. Look specifically for patterns of possession delay across multiple projects, not just isolated cases. This takes less than an hour and is one of the most valuable pieces of research you can do before a ₹5 crore+ decision.
Q5. Are maintenance charges negotiable, and will they stay stable after possession?Â
Maintenance charges in the pre-possession and early post-possession phase are typically non-negotiable. They are set by the developer until the RWA takes over. Post-RWA handover, residents have more collective influence over costs. Budget for charges to increase 30–50% over the first 5 years and plan accordingly.
Talk to Blue Ladder Group before you sign. Not after. Our advisory is designed around honest, complete information — including the parts of a decision that are uncomfortable to discuss. Because at this ticket size, there is no such thing as a minor oversight.
