Devil is in the detail. This is not a completed project and 1.4 MSF is when the project completes. There are 2 buildings in this project. Phase 1(0.4 MSF) and Phase 2 (1 MSF). Of this, only Phase 1 is nearing completion and Phase 2 is not even started yet. So the calculation you should be doing is 3348/~0.4 =Rs. 8370 PSF.
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