Puravankara Northern Lights Price List & Costs

Introduction

One of the first questions every homebuyer asks before committing to a new project is simple: what is the total cost? When it comes to Puravankara Northern Lights in Bagalur, North Bangalore, the answer requires looking beyond just the sticker price. This guide decodes the complete price list structure — from the base unit cost per square foot to stamp duty, registration, GST, and other charges that determine your final outflow.

Official Price List for Puravankara Northern Lights (2025)

Puravankara Northern Lights offers four distinct unit configurations across 2 BHK and 3 BHK apartment types. Below is the current price list as of 2025:

At Rs. 10,300 to Rs. 11,400 per sqft, Puravankara Northern Lights is competitively priced compared to comparable launches on the North Bangalore micro-market where new projects from Tier-1 developers are commanding Rs. 11,000 to Rs. 13,000 per sqft.

Understanding 'Saleable Area' vs Carpet Area

The prices quoted above are on the basis of saleable area, which includes the carpet area of the apartment plus a proportionate share of common areas such as lobbies, corridors, staircases, and clubhouse. Under RERA guidelines, builders are also required to disclose the carpet area separately. Buyers should request the carpet area breakup from the sales team, as the carpet area is typically 70 to 75 percent of the saleable area for well-designed projects.

Breakdown of Additional Charges

Beyond the base price, buyers must factor in several statutory and project-specific charges:

1. GST (Goods and Services Tax)

For under-construction properties in India, GST is applicable at 5 percent of the property value without Input Tax Credit (ITC). Since Puravankara Northern Lights is a new launch with a December 2029 possession, GST applies. On the 2 BHK priced at Rs. 1.19 Crore, this adds approximately Rs. 5.95 Lakh to your outflow.

2. Stamp Duty in Karnataka

Stamp duty in Bangalore (Karnataka) is determined by the guidance value set by the government and the market value of the property, whichever is higher. Current stamp duty slabs for Bangalore are: 2 percent for properties valued up to Rs. 20 Lakh, 3 percent for properties between Rs. 21 Lakh and Rs. 35 Lakh, and 5 percent for properties above Rs. 45 Lakh. For Puravankara Northern Lights, most units fall in the above-Rs. 45 Lakh category, making stamp duty 5 percent of the property value — irrespective of whether the buyer is male, female, or a joint owner.

3. Registration Charges

Registration charges in Karnataka are fixed at 1 percent of the property value. For a Rs. 1.19 Crore unit, this amounts to Rs. 1.19 Lakh.

4. Maintenance Deposit (Corpus Fund)

Puravankara typically collects a one-time maintenance deposit, often called a corpus fund, at the time of possession. This amount is used to maintain common areas and amenities until a Resident Welfare Association (RWA) is formed. The amount varies by unit size and should be confirmed with the sales team during the booking process.

5. Car Parking Charges

Dedicated covered car parking is usually charged separately in large township projects. Buyers should ask specifically whether one or two car parking slots are included in the base price, or whether they are sold at an additional cost, which can range from Rs. 3 Lakh to Rs. 7 Lakh per slot depending on the project.

Estimated Total Cost of Ownership at Puravankara Northern Lights

Note: The above figures are indicative estimates. Maintenance deposit, parking, and other project-specific charges may alter the total. Always request a complete cost sheet from the developer before making a booking decision.

Is the Pricing Competitive in the Bagalur Micro-Market?

The Bagalur corridor has seen multiple premium launches in recent years. Projects like Godrej Ananda are priced around Rs. 9,900 per sqft and Provident Ecopolitan around Rs. 10,100 per sqft, while Kumar Plumeria — a more premium offering — is positioned at approximately Rs. 12,700 per sqft. Puravankara Northern Lights at Rs. 10,300 to Rs. 11,400 per sqft sits squarely in the mid-to-premium segment, offering Puravankara brand quality at a price point that remains accessible to a wide range of buyers.

Payment Plan Options

For a new launch project, Puravankara typically offers construction-linked payment plans, which tie your payment schedule to construction milestones. This is a buyer-friendly structure because you pay as the project progresses, reducing risk compared to lump-sum payment. Buyers may also opt for subvention schemes where available, where the developer services the home loan EMI during construction. It is advisable to contact the Square Yards sales team for the latest payment plan options and any time-limited launch offers.