Apartments Maintenance Charges – Everything You Need To Know

Many people think, arranging funds to buy a dream home in a gated community is the only expense. But this is not true, there are lots of hidden costs that come with the responsibility of homeownership. Maintenance charges are one of the biggest & lifetime expenditures for a homeowner in a gated community. If you are also going to buy a luxury residential apartment then you must be aware of the maintenance charges.

Apartments Maintenance Charges

Let us discuss more monthly maintenance charges by taking Tata Primanti Gurgaon in mind:-

What is a maintenance charge?

As a home buyer in Tata Primanti you have to pay Rs. 4 per sq. Ft. for maintenance and easy operation of the common area of the community and this is known as maintenance charge. Common areas & facilities like lifts, parking, water, terraces, and cost of building repair comes under the maintenance charges.

How maintenance charge is concluded?

Maintenance fees in Tata Primanti Sector 72 Gurgaon are charged on approx Rs. 4 per square feet (area of an apartment). For example, if you have a 4 BHK Apartment of 2096 sq. Ft. in Tata Primanti then you have to pay 2096*4 = Rs. 8384 + GST as maintenance cost.

Important points to know

  • Till the creation of (Resident Welfare Association) RWA, the real estate developer is liable for the maintenance of the community and in that way collects them from the apartment owners.
  • RERA has ensured that the homebuyers don’t have to pay any estimated cost as per the own will of the developer.
  • Maintenance charges should be disclosed by the developer at the time of booking.
  • Apartment owners have to pay 18% GST on maintenance charges if it is above Rs. 7500.