Urbanrise Whispers of Sky Cost Sheet
The Urbanrise Whispers of Sky cost sheet gives a full view of the apartment price. Along with the base cost of the flat, it lists parking charges, corpus fund, maintenance fees, and GST separately. This makes the pricing easy to understand for buyers.
Below are the cost details for three configurations: 3 BHK, 3 BHK Grand (3T), and 4 BHK Elite Collection (3T).
3 BHK – 1583 Sq. Ft.
The following is the detailed cost sheet for the 3 BHK 1583 sq. ft. apartment at Urbanrise Whispers of Sky, including apartment price calculation, additional charges, and GST.
| Sl No | Particulars | Rate / Basis | Amount (₹) |
| 1 | Total Cost of the Apartment | 1583 × 8093 | 1,28,11,940 |
| 2 | Car Parking | Covered Parking | 4,00,000 |
| 3 | Corpus Fund | ₹50 per sq. ft. | 79,150 |
| 4 | 12 Months Advance Maintenance Charges | ₹3.5 per sq. ft. per month (₹42 per year) | 66,486 |
Total Sale Consideration (Excluding GST) → ₹1,33,57,576
GST @ 5% → ₹6,67,878
3 BHK Grand (3T) – 1756 Sq. Ft.
The following is the detailed cost sheet for the 3 BHK Grand (3T) 1756 sq. ft. apartment at Urbanrise Whispers of Sky, including apartment price calculation, additional charges, and GST.
| Sl.no | Particulars | Rate / Basis | Amount (₹) |
| 1 | Total Cost of the Apartment | 1756 × 8093 | 1,42,09,308 |
| 2 | Car Parking | Covered Parking | 4,00,000 |
| 3 | Corpus Fund | ₹50 per sq. ft. | 87,800 |
| 4 | 12 Months Advance Maintenance Charges | ₹3.5 per sq. ft. per month (₹42 per year) | 73,752 |
Total Sale Consideration (Excluding GST) → ₹1,47,70,860
GST @ 5% → ₹7,38,543
4 BHK Elite Collection (3T) – 2144 Sq. Ft.
The following is the detailed cost sheet for the 4 BHK Elite Collection (3T) 2144 sq. ft. apartment at Urbanrise Whispers of Sky, including apartment price calculation, additional charges, and GST.
| Sl. No | Particulars | Rate / Basis | Amount (₹) |
| 1 | Total Cost of the Apartment | 2144 × 8093 | 1,73,52,992 |
| 2 | Car Parking | Covered Parking | 4,00,000 |
| 3 | Corpus Fund | ₹50 per sq. ft. | 1,07,200 |
| 4 | 12 Months Advance Maintenance Charges | ₹3.5 per sq. ft. per month (₹42 per year) | 90,048 |
Total Sale Consideration (Excluding GST) → ₹1,79,50,240
GST @ 5% → ₹8,97,512
Explanation of Cost Components
1. Total Cost of the Apartment
In the Urbanrise Whispers of Sky cost sheet, the apartment price forms the largest share of the total amount. It is worked out by multiplying the saleable area by the fixed rate of ₹8,093 per square foot.
Formula:
Saleable Area × ₹8,093
The saleable area includes the usable space inside the apartment.
It also includes a share of common areas like corridors, lobbies, staircases, and other shared spaces. This amount forms the base value of the property before additional charges and taxes are applied.
2. Car Parking Charges
Car parking is charged separately.
A covered parking space costs ₹4,00,000.
This amount is not included in the per square foot rate. It is added separately in the cost sheet.
The charge ensures the buyer is allotted a designated parking slot within the project premises. It is treated as a mandatory additional cost and is added to the apartment price before tax calculation.
3. Corpus fund
The corpus fund is a one-time payment collected at the time of purchase. In Urbanrise Whispers of Sky, it is charged at ₹50 per square foot.
This fund is kept as a long-term reserve for the building. After the handover, it is transferred to the apartment owners' association. The association uses it for major repairs and future maintenance needs.
It is different from monthly maintenance, which covers regular expenses like cleaning, security, and electricity for common areas. The corpus fund is used only for larger or occasional expenses such as lift replacement, structural repairs, repainting, plumbing or electrical upgrades, and emergency repairs.
4. Advance Maintenance Charges
Maintenance charges are ₹3.5 per square foot per month. For easy payment, the builder calculates it yearly.
₹3.5 × 12 months = ₹42 per square foot per year.
This full amount for the first year is collected in advance.
It covers regular running costs of the community, such as:
- Security
- Cleaning and housekeeping
- Electricity for common areas
- Water supply management
- Upkeep of shared facilities like the gym, clubhouse, and gardens
After the first year, residents usually pay the maintenance amount directly to the apartment owners' association.
5. GST (Goods and Services Tax)
GST is charged at 5% on the total sale value (before adding GST).
It is calculated after adding the apartment cost, parking charges, corpus fund, and maintenance charges.
GST is applicable to under-construction properties as per government rules.
