Prestige Windgates Maintenance Charges

Prestige Windgates Maintenance charges are Rs. 72 per sq. ft. The buyers have to pay the advance maintenance charge of Rs 72 per sq ft for 1 year while taking ownership. After one year of occupancy, the association will decide the monthly maintenance fees ranging from Rs 5 to Rs 6 per sq ft.

Maintenance charges are costs that any buyer who wishes to use the common areas, infrastructure, and community amenities must pay regularly. They will be collected from each landowner. At Prestige Windgates, the maintenance fees are kept modest. All property owners share in these costs, which go into effect once they acquire the properties.

Maintenance charge is a regular fee collected from owners to upkeep and maintain the common areas. It is used to cover costs charged for maintaining the amenities and services in the community. The owners or tenants have to contribute maintenance charges on a monthly basis.

Maintenance charges in prestige apartments include a particular amount per sq ft, raised to cover the expenses applied to water supply, electricity, security, repairs, parking space, gardening, and cleaning of common areas.

Under the RERA Act 2016, which sets the rules for maintenance charges in apartments, the builder is responsible for maintaining all the expenses during the development. After the buyer officially takes over the ownership of the flats should take responsibility for maintenance fees.

There are other charges as well that the buyers will have to pay once their homes are built on the plots. These are dependent on individual units. These are given below:

Advance CAM for 12 months
Khatha Assessment & Bifurcation Charges
BWSSB Charges
BESCOM Charges (Electricity Connection)
Generator Charges

How does the Prestige Windgates Maintenance charge help buyers?

Full Maintenance of all common areas
Better Security services
Convenience of using the property daily

What is included in Prestige Windgates Maintenance Fees?

The Prestige Windgates Maintenance charge includes all the services.

Water charges for the amount of water used by each flat member.
Security fees for the 24/7 security teams
Electricity fees for the lights in common areas
For lift repairs and maintenance.
For the maintenance of amenities in the project to keep it clean.

Sample Invoice of maintenance charges in Prestige Windgates apartments:

Charge Type	Amount (Rs.)
Periodic Building Maintenance	4000
Common Area Utilisation	1500
Power Backup	600
Water Charges for Common Area	800
Housekeeping	700
Sinking Fund	500
Common Area Electricity Bill	1500
Garbage Collection Charges	200
Total	9800

Taking Care of Common Areas:

Maintenance charges are used to take care of shared spaces in the plotted community. These include roads inside the layout, entrance areas, streetlights, water supply, drainage, and security services.

How the Charges Are Shared:

Plot owners pay their share of the maintenance cost based on the size of their plot, the number of users, or as per the rules decided by the Residents' Association or Homeowners' Association (HOA).

Role of the Homeowners' Association (HOA):

Plot owners pay their share of the maintenance cost based on the size of their plot. In some cases, the number of users may also be considered. The final rules are usually decided by the Residents' Association or Homeowners' Association (HOA).

Planning the Maintenance Budget:

The HOA prepares an annual budget to show how the maintenance money will be spent. It includes expenses like repairs, cleaning, and other basic services. Plot owners are usually given a full breakdown of this budget.

GST on Maintenance Charges

If a community’s monthly contribution to the Welfare Association exceeds Rs. 7500 per member, 18% GST should be paid.
If the turnover from annual maintenance costs is more than Rs 20 lakhs, GST will be there.

Importance of Maintenance Charges

Flat maintenance charges are stated in the agreement as one of the compulsory payments that must be made on time. By paying these charges, you will not have to handle anything alone. A separate team will take care of the maintenance of the building.