Corner shops and corner premiums: what to confirm

Do corner shops cost more at China Center?

A corner premium may apply; confirm at booking. That is the whole of what can be said in general, and it is why this guide is about what to confirm rather than what to expect. The developer’s current inventory sheet does not print a corner premium against any unit, and this site publishes no percentage.

What the sheet does print is a simple rule: each listed shop’s total is its area multiplied by its floor rate. LG45, at 100 sq ft on the lower ground, is 100 × Rs 40,000 = Rs 40,00,000. G19, at 130 sq ft on the ground floor, is 130 × Rs 55,000 = Rs 71,50,000. If a premium does apply to a particular unit, the total changes, and the desk should give you the adjusted figure in writing before you pay anything.

What counts as a corner shop?

Two different things get called “corner” in property conversations, and it helps to keep them apart. The first is the building’s position: on the developer’s site plans, China Center stands on the corner plot of its row, with its long side facing Lake View Boulevard, Link Road along its short end and a service lane behind. That describes the plot, not any particular shop inside it.

The second is a shop’s position within the building – a unit at the end of a row, or where two corridors or frontages meet, with more than one open side. Which units the developer treats as corners for pricing is not published. Do not decide from a drawing that a unit is, or is not, a corner; ask the desk to confirm it against the specific unit code.

Why might a corner position matter to a shopkeeper?

Buyers value corners for practical reasons: a second side for display or signage, more visibility along a corridor or street, and sometimes an easier flow of customers. Whether any of that holds for a given unit depends on the drawing, the fit-out rules and how the floor is used once it opens, and none of it can be promised in advance.

Weigh a premium, if one applies, against what the extra frontage is worth to your trade specifically. For a jewellery or cosmetics counter, display may matter a great deal; for a trade that relies on shelving and stock, extra glazing may matter less. The owner’s planned focus for each floor – babies’ and kids’ products on the lower ground; ladies’ fashion, jewellery and cosmetics on the ground floor; home décor on the first; mobiles, laptops and gadgets on the second – is the owner’s plan, not a signed tenant, a lease or a promise of footfall; ask at booking what it means for your trade.

How would a corner premium change my payment plan?

Every unit on the sheet is offered on 30% down, 24 instalments of 2.5% each and 10% on possession. If a premium is added, ask how it is paid: whether it is folded into the total, so that every stage rises in proportion, or charged separately at a particular stage. The answer changes how much cash you need on the day you book.

Start from the base schedule, which is fixed on the sheet. The two examples here are used only to show base figures; neither is identified as a corner on this site. G19 (130 sq ft, ground floor) is Rs 71,50,000: Rs 21,45,000 down, then 24 instalments of Rs 1,78,750 each, and Rs 7,15,000 on possession. FF42 (180 sq ft, first floor) is Rs 72,00,000: Rs 21,60,000 down, 24 instalments of Rs 1,80,000 each and Rs 7,20,000 on possession. The instalment schedule is confirmed at booking. If the desk tells you a premium applies to your unit, ask for the revised figure at each of those stages, in writing.

How do I check a shop’s position on the floor plan?

The floor plans on this site are the developer’s drawings, and each listed unit has its own page with its figures from the sheet, such as /u/G19. Use the plans to see roughly where a shop sits, then confirm the position with the desk. A few listed units – LG56, FF51 and SF51 – fall beyond the drawn numbering, so their position on the plan is to be confirmed; do not assume one for them. The second-floor plan page also reuses the first-floor drawing, so confirm any second-floor position in writing.

The plans also draw shops that are not on the current sheet. Those are simply not in the current list. They are no reason to rush a decision on a listed unit, corner or otherwise; the sheet is an undated stock snapshot, and the right shop is the one whose figures and position you have confirmed.

What should I get in writing about a corner shop?

Before paying anything on a shop you believe is a corner, ask the sales desk for these points in writing and keep copies.

Then WhatsApp Al Faisal Properties on +92 334 9107537 with the unit code, ask for the official schedule including any premium, and book a site visit to stand at the unit yourself.

• The unit code and its base total from the developer’s current inventory sheet
• Whether the developer treats the unit as a corner
• Whether a corner premium applies, and its amount in rupees
• How any premium is paid across the down payment, instalments and possession
• The unit marked on a copy of the floor plan
• Any rules on signage and display on each open side