Preferential Location Charges (PLC
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Paying for the view? Check why the same flat costs more on a higher floor
You must have noticed that the price of flats in high-rise buildings rises with respect to the elevation of the floors. Builders usually fix a base rate on the initial floors and then charge an extra fixed amount per sq ft for every floor above them. Hence, two identical 3BHKs in the same building can differ by several lakhs simply because they are on a higher floor.