Prestige Evergreen Maintenance charges

The maintenance charge for Prestige Evergreen is set at Rs. 70 per square foot. This fee is collected in advance by the builder from buyers for the first year after purchasing a home. Once the homeowners have settled in, the homeowners' association will decide the monthly maintenance fees, which typically range from Rs. 5 to Rs. 6 per square foot. These fees are essential for keeping the community well-maintained and ensuring everything runs smoothly.

When residents move into Prestige Evergreen, they benefit from a well-maintained environment. The maintenance fees cover various services and amenities that enhance the living experience. This includes regular cleaning of common areas, upkeep of gardens and landscapes, and maintenance of facilities such as pools, gyms, and clubhouses. By pooling resources through these fees, homeowners can enjoy a clean and attractive living space.

Prestige Evergreen Maintenance Charges will cover the following:

Periodic Building Maintenance: INR 3,500
Common Area Utilization/Parking: INR 1,000
Reserve Fund: INR 450
Common Area Electricity Bill: INR 1,200
Waste Collection Charges: INR 200
Backup Power: INR 500
Water Charges for Shared Spaces: INR 550
Cleaning Services: INR 500

The amount paid for maintenance may vary depending on the size of the apartment. For example, larger units will incur higher fees due to the increased amount of space that needs upkeep. The homeowners' association works to manage these costs effectively, ensuring that services provided meet the needs of all residents without overspending.

Apart from regular maintenance, the fees also help in emergency repairs. If there are issues like plumbing leaks or electrical problems in common areas, the maintenance fund ensures these can be addressed quickly. This prompt attention helps maintain the value of the properties and keeps the living environment safe for everyone.

Residents should also be aware that these fees may be reviewed annually. The homeowners' association may adjust the fees based on the actual maintenance costs incurred, ensuring that all necessary services are adequately funded. Homeowners will receive notices about any changes, giving them the chance to provide feedback or raise concerns during association meetings.

Key features of the project: