(1) For the purposes of sub-clause (D) of clause (1) of sub-section (2) of section 4, the land cost shall be the cost incurred bythe promoter whether as an outriight purchase, lease charges etc. and includes,-
(i) revenue or area share given to land owner in lieu of land under any kind ofagreement such as Joint Venture, Joint Development etc, in case the Promoter is_ not the owner of the land,
(ii) amount paid to land owner,
(iii) incidental costs related to acquisition of land such as stamp duty, brokerage,"settlement costs of litigation, premiums paid to government authorities related toland, ; :
(iv) interest on finance for purchase of land,
(v)_ litigation costs incurred for landacquisition,
(vi) property and other taxes, fees, premiums paid. :(2) Fer the purposes of sub-clause (D) of clause (1) of sub-section (2) of section 4, theconstruction cost shall be the total cost incurged.by the promoter, towards the on-site expenditurefor the physical development of the project and includes fees payable to the architects,consultants, project _managers/staff including engineers, marketing agents ete.fees/charges/security deposit payable to various departments/authorities, Labor Cess, VATwhich are incurred during the development of theproject.