Purva Northern Lights GST Applicability: A 2026 Guide

Buying a luxury home is not just about the price tag on the brochure. There are extra costs like taxes that you need to plan for. If you are looking at upcoming projects in north bangalore 2026, knowing the tax rules can save you from a surprise later. Purva Northern Lights GST Applicability is a big part of your final budget. Since this project is still being built, the Goods and Services Tax (GST) applies to your purchase.

Purva Northern Lights is a premium 25-acre township in the KIADB Aerospace Park. It is built by the famous Puravankara Group. Since the homes here cost over ₹45 Lakhs (starting around ₹1.3 Crore), they are considered "luxury" properties. This guide explains simply how much tax you will pay and why.

Current GST Rates for Purva Northern Lights

The government has simple rules for real estate taxes. Because these are luxury homes and not "affordable housing," the tax rate is fixed.

Here is the rule for 2026:

Under-Construction Homes: You have to pay 5% GST on the total cost of the apartment.
No Tax Credit: The builder cannot claim tax benefits on materials, so this 5% is a direct cost to you.
Ready-to-Move Homes: If you buy a home after it is fully built and has an Occupancy Certificate (OC), the GST is 0%.

Since Purva Northern Lights is a new launch, almost all buyers right now will pay the 5% rate.

Calculation Example: Where Does Your Money Go?

To help you plan your finances, let's look at a sample cost breakdown for a 2 BHK flat. This shows how the new apartments in north bangalore price adds up when you include taxes.

Item	Estimated Cost	GST Rate	Tax Amount
Base Price (2 BHK)	₹1,30,00,000	5%	₹6,50,000
Car Parking Slot	₹3,00,000	5%	₹15,000
Clubhouse Fee	₹2,50,000	5%	₹12,500
Corner/View Charges	₹1,50,000	5%	₹7,500
Total GST You Pay			₹6,85,000

Note: This is just an example. The official cost sheet from the builder will give you the exact numbers.

GST on Extra Charges

Many people comparing Best apartments near Manyata Tech Park with Aerospace Park projects forget that GST applies to more than just the flat itself.

Floor Rise & Views: If you pick a higher floor or a unit facing the park, you pay extra. This "Preferential Location Charge" (PLC) also has 5% GST.
Legal Fees: The money you pay the builder to prepare your sale agreement is a service. This usually attracts 18% GST.
Maintenance Advance: The maintenance fee you pay upfront for the first year or two also has 18% GST because it is a future service.

Why Pay GST Now Instead of Waiting?

You might wonder, "Why don't I just wait until the project is finished to save the 5% tax?"

This is a common thought for buyers looking at apartments near Manyata Tech Park. Here is why waiting usually costs more:

Price Hikes- By the time Purva Northern Lights is finished (around 2030), the property price will likely go up by 20% to 30%.
The Math- Saving 5% in tax today might mean paying 25% more for the home tomorrow.
Better Choices- Buying now lets you pick the best floor and view. Waiting usually means you only get the leftover units.

GST vs. Stamp Duty: What is the Difference?

It is easy to confuse GST with Stamp Duty, but they are different.

GST: You pay this to the Central Government for the service of constructing your home. (5% for this project).
Stamp Duty: You pay this to the State Government (Karnataka) to register the property in your name. (Currently about 6.6%).
Registration Fee: This is a fixed 1% of the property value.

Even if you buy a ready-to-move home with zero GST, you always have to pay Stamp Duty and Registration.

Comparison with Other Projects

When you check the new apartments in north bangalore price list, you will see that Purva Northern Lights offers good value, even with the tax.

Affordable Homes (Below ₹45L): 1% GST (This project does not fall in this category).
Luxury Homes (Purva Northern Lights): 5% GST.
Commercial Shops: 18% GST.

The project offers large homes that justify the cost:

2 BHK: 1,010 – 1,220 sq. ft.
3 BHK: 1,500 – 1,800 sq. ft.
4 BHK: 2,100 – 2,400 sq. ft.

Frequently Asked Questions (FAQs)

1. Do I pay GST on the car parking charge?

Yes. Since the parking is sold along with the under-construction flat, it is taxed at the same 5% rate.

2. Can I get the GST back if I cancel my booking?

If you cancel, the builder can refund your money. However, getting the GST portion back is difficult because the builder may have already paid it to the government. Always ask about the "cancellation policy" first.

3. Is there GST on the Corpus Fund?

Usually, the Corpus Fund (long-term repair fund) is exempt from GST if it is collected as a deposit. However, rules can change, so check the cost sheet carefully.

4. Can I claim GST on my home loan tax rebate?

No. The GST you pay is a cost. You cannot claim it as a tax deduction on your income tax returns.

5. How does this compare to ready apartments?

Ready apartments come with 0% GST, but their base price is typically much higher. Purchasing an under-construction unit at Purva Northern Lights allows you to enter at a lower price point and increase value as the project progresses.