The Prestige City Bidadi Maintenance charges

The Prestige City Bidadi Maintenance charges are currently taken in advance at Rs. 72-75/ sq. ft. for 1 year before possession. After the township is ready for possession, these charges will be set between 5 or 8/sq. ft. per month. These are taken to upkeep the township's common areas.

Maintenance charges are necessary charges paid by all the residents of a township, including renters. These are taken to upkeep the property and its common areas, like the clubhouse, lifts, gardens, etc. These are maintained by the RWA of the property.

The Prestige City Bidadi is a pre-launch township in Bidadi, West Bangalore. It is set on 139 acres and is home to flats, villas, and plotted development in various sizes. The site is home to over 40 amenities, and its maintenance charges are affordably set.

Here are the advance maintenance charges collected at Rs. 75/sq. ft. for 1 year, including GST:

The cost for maintenance is Rs. 75 for every square foot each year, plus an 18% GST tax. This adds up to a total of Rs. 88.50 for every square foot annually. These charges may change depending on the final decision made by the Residents' Welfare Association (RWA) or the project’s rules.

The monthly maintenance charges set at Rs. 5/sq. ft. after possession are given below

After the launch of the township's construction, its maintenance charges will be available in the cost sheet. Buyers can get more details by contacting the sales team. These charges are only to be paid for a year during the booking time.

Maintenance charges are collected from every person living there to look after the township’s facilities. These fees are calculated depending on the size of the apartment and are set according to RERA rules. They are priced fairly and are planned to fit easily into the buyer’s budget.

The maintenance charges pay for all the costs needed for daily cleaning, fixing things, and making sure the residential community runs smoothly.

• Regular fixing and care of shared spaces like gardens, entry halls (lobbies), and hallways.
• Security guards and services for the whole housing area.
• Cleaning and hygiene services are provided every day.
• The cost of water and power used in shared spaces.
• Fixing and taking care of the elevators (lifts).
• Services to keep away pests and insects.
• Taking care of the plants, grass, and trees.
• Keeping shared facilities like the gym, swimming pool, and community hall in good shape.

RERA rules in India focus on being completely open and honest, making sure all details are shared clearly with buyers. These rules ensure that builders do not make any profit from maintenance fees and that the collected money is used only for the right reasons.

Builders must clearly state all maintenance costs, which are usually set between Rs. 2 and Rs. 25 per sq. ft. According to RERA rules, builders are allowed to collect maintenance charges in advance for a period of 12 to 24 months.

Builders must also clearly explain how the maintenance money will be spent before they hand over the project to the buyers. All maintenance funds must be kept in a separate bank account to ensure better control and clarity.

After the homes are handed over and possession is given, the responsibility for maintenance moves to the Residents’ Welfare Association (RWA). The RWA then decides the final maintenance charges for the community.

The billing must always be clear and transparent. GST is applicable if the monthly maintenance amount for a single flat is more than Rs. 7,500.

Yes, GST is charged on maintenance fees in the township in two cases:

• First: GST is charged if the monthly maintenance fee for a single flat is more than Rs. 7,500.
• Second: GST applies if the total yearly income the society makes from its services is more than Rs. 20 lakhs.

However, maintenance fees for affordable housing projects do not have GST. This rule applies to projects that provide basic facilities and have smaller homes.

• Per Sq. Ft.: In this method, the maintenance fees are based on how big the flat is. Larger apartments pay more, and smaller apartments pay less. This system is seen as fair and is used by many townships that follow RERA rules.
• Equal Sharing: In this system, everyone living there pays the exact same maintenance amount, no matter the size of their apartment. This method can only be used if most of the residents agree to it.
• Hybrid: This method uses a mix of both systems. Some services, like fixing the elevators (lifts), are charged the same to everyone. Other costs, like taking care of shared spaces, are calculated based on the square footage of each flat.

Prestige City Bidadi Highlights