How much does a plot at Godrej Rivershore Estate cost?
Plots start at ₹63 lakh for 1,200 sq ft, about ₹5,250 per sq ft. Larger plots follow the same base: about ₹79 lakh for 1,500 sq ft, ₹95 lakh for 1,800 sq ft, ₹1.10 crore for 2,100 sq ft, ₹1.26 crore for 2,400 sq ft and ₹1.58 crore for 3,000 sq ft, before location premiums and taxes.
What does the price include?
The total consideration in the agreement for sale covers three parts: the plot, basic infrastructure development charges (roads, water, sewage, drainage, power, street lights) and common amenity development charges (clubhouse, pool, gardens).
What do I pay on top of the price?
| Item | How it works |
|---|---|
| GST | As applicable under the agreement for sale, shown line by line in your cost sheet |
| Stamp duty | Charged on the agreement value or ready reckoner value, whichever is higher. Within Nagpur Municipal Corporation limits it is 7% (6% for a woman buying in her sole name), including metro cess and local body tax. Rates can differ outside city limits, so check the figure for your plot in the cost sheet. |
| Registration fee | 1% of the value, capped at ₹30,000 |
| TDS (you deduct) | 1% of each payment, because the price is ₹50 lakh or more. You deposit it with the tax department and file Form 26QB. It is part of the price, not an extra cost. |
| Before possession | Society share money and entrance fee, provisional maintenance deposit and corpus fund (tentative, as per the agreement) |
| Optional | Preferential location charge for corner, garden, park or river-facing plots |
Worked example: a 1,500 sq ft plot
| Stage (20 : 40 : 40) | Amount (approx.) | TDS you deduct (1%) |
|---|---|---|
| Initial payment, 2026 (20%) | ₹15.8 L | ₹15,750 |
| On completion of major development work (40%) | ₹31.5 L | ₹31,500 |
| Near possession, by Dec 2029 (40%) | ₹31.5 L | ₹31,500 |
| Total consideration | ₹78.8 L | ₹78,750 |
Indicative. GST, stamp duty, registration and deposits are extra and appear in the plot-wise cost sheet. Booking before the allotment letter is capped at 10% of the price under RERA.
How does the payment plan work?
The plan is 20 : 40 : 40. You pay 20% as the initial payment (booking, then the balance when the agreement for sale is registered within two months of allotment), 40% on completion of major development work, and 40% near possession, due by 31 December 2029.
Can I take a loan?
Yes. Plot loans are available from major public and private sector banks, usually for about 70 to 75% of the price. A composite plot plus construction loan can also fund the house you build later. Plot loan guide.
What if I cancel?
Before the agreement for sale: nil deduction within 15 days of the allotment letter, 1% of the price at 16 to 30 days, 1.5% at 31 to 60 days and 2% after 61 days, refunded within 45 days. After the agreement, 20% of the price is earnest money that can be forfeited on default.
Frequently asked questions
What is the cost of a 1,200 sq ft plot at Godrej Rivershore Estate?
₹63 lakh, about ₹5,250 per sq ft, before GST, stamp duty, registration and deposits. A preferred location can carry a premium.
Do I need to deduct TDS when buying a plot?
Yes, if the price is ₹50 lakh or more. You deduct 1% from each payment, deposit it with the tax department and file Form 26QB, then give the seller Form 16B. Since 1 April 2026 this sits under section 393 of the Income-tax Act, 2025 (formerly section 194-IA).
What is the stamp duty on a plot in Nagpur?
Within Nagpur Municipal Corporation limits it is 7%, or 6% for a woman buying in her sole name, including metro cess and local body tax, plus a 1% registration fee capped at ₹30,000. Outside city limits the rate can differ, so check your cost sheet.
How much is the booking amount?
Up to 10% of the price before the allotment letter, as RERA requires. The rest of the initial 20% is paid when the agreement for sale is registered.
Are there hidden charges?
Ask for the plot-wise cost sheet before you visit. It lists the price, GST, stamp duty, registration, deposits and any location premium.