What are floor rise charges?
Floor rise charges are an extra amount per square foot added to a flat’s price for each floor above a base floor, so higher flats cost more than the same layout lower down.
Also called floor rise, floor escalation charge.
A builder sets a base floor and a rate. For example (sample figures): no floor rise up to the 4th floor, then ₹40 per square foot for every floor from the 5th.
| Floor | Floors above base | Floor rise per sq ft |
|---|---|---|
| 4th | 0 | ₹0 |
| 5th | 1 | ₹40 |
| 10th | 6 | ₹240 |
| 15th | 11 | ₹440 |
On a 700 sq ft flat on the 10th floor, that adds ₹1,68,000 (700 × ₹240).
Some builders cap it at the top floors, or replace it with a preferential location charge for penthouses. State the base floor, the rate and the area it applies to on the price list, so every cost sheet comes out the same.