Am I Overpaying For a Property? Find Out With a Fair Price Calculator

Fair pricing in Real Estate is one of those pain points that still hasn’t gotten much attention over the years. It’s not just about dictating what a price should be, but also being aware of how your money is being spent. 

If you’re paying a premium price tag, it might be worth understanding where exactly the premium comes from. In some cases, it’s not even the price tag but the fact that there’s no transparency behind it.

Bangalore Real Estate saw an 11% price/sq ft increase in 2025 from the previous year. It is a growing industry that absolutely needs transparency, especially with projected growth for 2026. This is where our property evaluation tool comes in.

The Fair Price Calculator at Propsoch attempts to bridge the information gap by providing you detailed analysis on any RERA-registered project of your choice. Our property valuation tool finds out if the pricing is actually fair, overpriced or underpriced.

How to Determine Fair Price of a Property

To determine fair pricing in real estate, you must first understand price transparency. What that looks like is having a clear pricing breakdown based on the project’s features. 

While evaluating property prices, you might not be able to fully understand the importance of features like possession timeline or design. Or while performing a comparison, you might compare two projects in different localities with drastically different features. For example, you could compare a 2BHK with 10+ amenities in Hebbal to a 2BHK with 15+ amenities in Whitefield. This does not make for a fair comparison.

Which is why a property valuation tool is helpful as it evaluates projects on a rubric that brings it to the same level of comparison. 

The Fair Price Calculator built by the in-house product team at Propsoch evaluates the strength of a project and its Fair Price Range based on 7 factors like: 

• Brand 
• Location 
• Possession 
• Design 
• Unit 
• Amenities 
• Specifications

Price transparency is a civil right, which is why we help you understand what your project is worth. 

Fair Price Calculator: Developer Strength

Developers are more than their brand names slapped on properties. It determines a lot of things like:

• Deliverance on promises 
• Accountability 
• Market trust 
• Performance history 
• Customer satisfaction

Based on such qualities, developers are slotted into different grades. In Bangalore Real Estate, there is an informal grading system of A to D, and so on. The higher grades like A or B denote a higher level of performance and strength than lower grades. 

This factor in the Fair Price Calculator is calculated based on the aforementioned grading system. We grade the higher grades more than the lower grades. As the Developer is an important thing that homebuyers look into, our property valuation tool has assigned this factor significant weightage in the final score. 

For example, Project A might be rated a 6/10 whereas Project B might be rated 9/10 based on their quality and performance history. This will also determine the fair price of a property.

Is your developer reliable? Find out how they are rated.  

Fair Price Calculator: Location Rating

Location of a project influences a lot of things like current reality, potential and liveability. If you’re looking at projects in a dull micromarket, then it’d mean that you're far away from important amenities and social infrastructure. The property valuation calculator for Bangalore uses this to determine if it’s priced fairly or not. 

If Project A is priced ₹10,000/sq ft in Kengeri and Project B is priced ₹10,000/sq ft in Hebbal, then from comparative market analysis, it’s easy to gauge that the Hebbal project could potentially be priced more fairly than the one in Kengeri.  

This is what the Fair Price Calculator uses to determine how much a project should be rated based on its location:

• Nearest school
• Nearest metro
• Nearest office spaces or business hubs 
• Nearest hospital 
• Nearest mall 
• Other positives nearby 
• Challenges nearby

The location factor is an important chunk of the final project rating as we know the importance that homebuyers place on this. 

Fair Price Calculator: Unit Details

Homebuying decisions centre around the unit as it is where homebuyers envision themselves living. 

A unit is a 1-4BHK or villa in a larger apartment or standalone housing. So, if you’re enquiring about a 2BHK in a property, then the 2BHK is a unit. 

This is how the Bangalore property valuation calculator forms the score for this factor:

• Balcony Area Efficiency
  • This is the total balcony space with respect to the carpet area. The higher the percentage, the higher the score. For example, a 15% balcony efficiency is ideal.
• Carpet Area Efficiency
  • This is the percentage of the carpet area divided by the saleable area. While carpet area is the usable area in a unit, saleable area includes external walls, wall thickness and balcony space. 
  • If your pricing is based on saleable area, then this efficiency is important as it is what you pay for. A higher carpet efficiency percentage of 66%+ is ideal.  
• Floor-to-ceiling Height
  • It is natural to assume that homebuyers do not like cramped spaces. This is one of the factors that affect the livability quotient in a unit. A 3m height is more preferred as it is more spacious than a 1-2m height.

Fair Price Calculator: Design Rating

A well designed space is a combination of several different aspects like ease of movement, breathing room and congestion levels. 

This is different from the unit plan or tower design, but the consideration given to customers’ liveability in the space. Such factors could potentially justify a higher price to be the fair market value of a property. 

This is what our Bangalore property valuation calculator determines the Design rating on:

• Elevator Crowd Factor Score
  • This factor is designed to calculate how many units are assigned to an elevator. Doing so gives you an idea of what the space would feel like during busy times. A lower elevator crowd factor gives it a higher score. 
• Unit Density Score
  • The unit density of a project denotes how crowded the project can get, including the amenities. It is the total number of units per acre of land. A lower density is ideal to have more ease of movement. 55 units/acre is a great starting point to score higher on the tool. 
• Open Area Score
  • In a bustling city like Bangalore, open area is an increasingly popular factor amongst homebuyers. Anything above 50% open area will grant the project a good score.

Find out how spacious your chosen project is on our Bangalore property valuation calculator. 

Fair Price Calculator: Specifications

Specifications are the “look and feel” part of the project. It is anything from the quality of the sinks to WCs to kitchen granite and so on.

Projects that use premium brand specifications get a higher score on the property valuation tool, standard brands get a medium rating and the low-end ones get a lower rating. 

It is important to be aware of such details in advance as it influences:

• The longevity of the place
• Frequency of maintenance 
• Rental & resale value   

Fair Price Calculator: Amenities Rating

Amenities are an integral part of any project that determines fair pricing in Real Estate. This is what our property valuation tool takes into account:

• Park Area
  • More than just considering the existence of a park, we evaluate whether the park area is appropriately sized for all the residents in a project. Anything less than an acre is scored on the lower end. 
• Project Scale
  • The scale of a project is basically how big it is. Homebuyers prefer a bigger space as it provides more area for movement and leisure. Anything above 4 acres is considered to be on the higher end of the scoring system. 
• Clubhouse Area Per Unit
  • A clubhouse is another non-negotiable for homebuyers. Hence, we evaluate how much of a clubhouse is dedicated to a unit. This will tell you how busy the clubhouse can get and if it can accommodate the entire crowd.
• Number of Amenities
  • There are projects in the market with advanced amenities like running tracks, sports courts and cafes. This factor gives any project with a large number of amenities a higher score.

For a purely illustrative example: if Project A is priced at 13,000/sq ft with basic amenities and if Project B is priced the same number with advanced amenities, then Project B might appear to be priced more fairly than Project A. 

Does your project have a high amenity rating? Find out here on our Fair Price Calculator.

Fair Price Calculator: Possession Timeline

In a growing Real Estate market with numerous launches, possession timeline is one to look out for in your homebuying journey.

The further the possession date, the cheaper it is priced. At the same time, it might not be feasible for many to wait 3 years for possession. 

For this factor, our property valuation tool scores any project with less than a 12 months possession timeline on the higher end. A 6-month possession timeline is ideal. 

What is the Composite Score?

After adding all of the scores, we get a final Composite Score that is graded out of 100. This score is solely based on the project’s pros and cons. 

As the saying goes, you can’t compare apples to oranges. So our property valuation tool instills a rubric in place that brings every project to a level playing field, making it an apples to apples comparison. 

You can use this score to compare different projects and you will find out how they hold up within their individual strengths. 

What Is A Fair Price Range?

The fair price is largely determined by the Composite Score. The Fair Price Range shows you the reasonable price bracket (per sq.ft) you should expect to pay for your selected property, based on a comparison with similar projects in the area.

While the Composite Score is an unchanging number, the Fair Price Range gains accuracy based on the number of projects you compare it with. 

It follows this logic:

Based on the number of projects you compare your subject property with, the property valuation tool will gain precision with a ±3% variation to account for market dynamics. 

How To Do Comparative Market Analysis Correctly

As the Fair Price Range is dependent on the kind of projects you choose, it is important to choose the right projects. Which is why we have the concept of Peer Projects. 

It is illogical to compare two prices with vastly different qualities, which is why our property valuation tool makes the comparison as close as possible to find out the fair price of a property. 

This includes matching the developer grade, possession timeline, amenities and specifications. 

Fair Price In Real Estate Example Using The Fair Price Calculator

From this comparison, you can understand that by comparing Project A to very similar projects, it seems overpriced. When compared to Project B & C, the Fair Price Range goes lower. 

With such an analysis, you can question why Project A is priced the way it is. Asking the right questions might help you find the answers you need. 

Final Thoughts 

Pricing transparency might feel like a far off concept that is only dependant on comparative market analysis. However, the reality is that fair pricing in real estate depends heavily on project strength. It is not advisable to compare two projects with a very different set of qualities. 

Which is why, our Fair Price Calculator evaluates every project based on its individual features. Only then do we compare it to other projects to figure out what the price range should be.

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