Prestige Garden Breez Maintenance Charges

Prestige Garden Breez's advance maintenance charges are currently set at Rs. 75/ sq. ft. for a year. After the possession begins, the HOA will set the price expected to be Rs. 5 or 6/sq. ft. These are to be paid monthly by all residents to maintain the common areas of the township.

The maintenance charges are taken in advance for a year before the possession begins. These are set as per the size of the unit and are mandatory to be paid by all residents. The renters are also included in this charge. To upkeep common areas like amenities, lifts, gardens, etc, these charges are taken.

The final cost depends on the apartment size and the services provided. It will be confirmed during handover. Maintenance charges change based on the housing type and the facilities offered. As per RERA rules, the society must give a clear breakdown of all maintenance fees. This helps homeowners understand exactly what they are paying for.

Prestige Garden Breez is a top launch of 2025 and is phase 7 of the Prestige City. It is a grand apartment venture that is set on 7 acres and features 3 and 4-BHK configurations. Buyers can check out the township and get more details related to the charges clearly stated in the cost sheet.

Other Charges of Prestige Garden Breez include the following –

• BESCOM Charges @ 75/- psf - These charges cover the electricity connection provided to each unit.
• BWSSB Charges @ 75/- psf - This amount is taken for water and sewage connection to the apartment.
• Khatha Assessment & Bifurcation Charges @ 25,000/- per apartment - This fee is for updating and registering the property details officially.
• Generator Charges @ 70/- psf - These charges cover backup power support for the project.
• Advance CAM for 12 months @ 72/- psf - This is the advance payment for one year of maintenance services.

How Maintenance Charges Are Calculated in Prestige Garden Breez

Every buyer must pay maintenance fees and also understand how they are calculated. The amount is based on the apartment size, and buyers can pay it fully or in instalments. Monthly charges are calculated in the following ways:

• Equal Maintenance - This method is used if all units are the exact same size. A fixed amount is chosen and collected every month. This keeps all payments simple and uniform.
• Per Sq. Ft. Charge - Here, a fixed rate is applied to every square foot of the apartment. This method makes the monthly calculation quick and very easy.
• Hybrid Method - This method uses a fixed basic fee plus an added charge based on the flat’s size. It is seen as a fair way to calculate the charges. Many residential projects currently use this method.

GST on Maintenance Charges

GST is added to the maintenance fees. If the monthly charge for a member is more than Rs. 7500, an 18% GST must be paid. GST also applies if the society’s annual maintenance collection crosses Rs. 20 lakhs.

Factors to take into consideration

• Maintaining Shared Areas: Maintenance fees pay for upkeep of common spaces and shared facilities. This includes corridors, lifts, entrances, and parking areas. It also covers pools, gyms, and security services.
• Cost Division: Each owner pays a portion of the total maintenance cost. The exact amount depends on the property size. It can also be based on the number of residents or rules set by the HOA.
• Homeowners Association (HOA): The HOA (or condo group) collects all maintenance charges. They create the yearly budget and handle all necessary repairs. The HOA ensures all shared spaces are kept well-maintained.
• Spending Plan: The HOA creates an annual budget showing how the fees will be spent. This plan covers repair costs, landscaping, insurance, and utilities. Owners receive a clear breakdown of all these expenses.

Prestige Garden Breez Highlights