Nambiar District 25 Maintenance charges

The Nambiar District 25 maintenance charges are ₹5 to ₹6 per sq ft per month. At booking, buyers pay an advance of ₹75 per sq ft for the first year. After possession, the Residents’ Association sets the final monthly rate based on operating costs and agreed service levels. Fees cover housekeeping of common areas, security, shared-utility costs, and facility management, keeping amenities functional and the community well-maintained. GST applies as per prevailing rules.

The maintenance charges cover several services, including:

Security
Maintenance of Common Areas
Cleaning and Sanitation
Elevator Maintenance
Water and Electricity for Common Spaces
Pest Control
Maintenance of Amenities
Service Charges
Car Parking Fees
Non-Occupancy Charges
Insurance Costs
Non-Agriculture Tax

These charges help keep the community secure, clean, and attractive. The money is spent on keeping shared spaces well-maintained, with neat gardens, clean common areas, and safe living conditions. The goal is to meet residents’ daily needs while also ensuring the community remains a desirable place to live for years to come.

The RWA plays a key role in deciding the maintenance charges. They take into account the number and quality of facilities as well as the size of the apartments. Strict rules about maintenance fees are in place, and all residents are expected to follow them.

Factors to Understand the Property Maintenance Charges for Nambiar District 25:

Upkeep of Shared Areas: Maintenance charges are mainly used to take care of common spaces and shared facilities, such as hallways, elevators, entrances, parking lots, swimming pools, gyms, and security services.
How Costs Are Split: Property owners pay a share of the maintenance charges. The amount depends on factors like the size of the property, the number of residents, or the rules set by the (HOA).
Role of the Homeowners Association (HOA): The HOA or condo group collects the maintenance charges. They are in charge of making yearly budgets, planning maintenance work, and making sure the common areas are well-maintained.
Creating a Budget: The HOA or apartment management creates a yearly budget that lists how the maintenance fees will be spent. This includes costs for repairs, landscaping, insurance, utilities, and other services.