Prestige Golden Grove Maintenance charges

Prestige Golden Grove Maintenance charges are set at Rs. 75/ sq. ft. for a year. These are advance charges, and after the purchase of the unit, the charges are set at Rs. 5 or 6 per month. These prices are set by the homeowner's association.

Prestige Golden Grove is a grand apartment venture located in Tellapur, Hyderabad. It spans over 31 acres and has over 75% open space. The site is home to large towers that comprise 4500+ flats in 2, 3, and 4 BHK size options. Its maintenance charges are decided as per the size of the unit.

Maintenance charges are regular fees paid by every buyer who uses the common areas, basic infrastructure, and shared amenities. These costs apply to all landowners. At Prestige Golden Grove, the maintenance charges are kept reasonable. All owners contribute to these fees, and they begin once the property is handed over.

Other charges at Prestige Hyderabad include the following:

• BESCOM charges are Rs. 75 per sq. ft.
• BWSSB charges are Rs. 75 per sq. ft.
• Khatha assessment and bifurcation costs are Rs. 25,000 per apartment.
• Generator charges are Rs. 70 per sq. ft.
• Advance CAM for 12 months is Rs. 72 per sq. ft.

Factors to consider to understand Property Maintenance Charges:

Maintaining Shared Areas

Maintenance fees are used to take care of common spaces and shared facilities. This includes corridors, lifts, entrances, parking areas, swimming pools, gyms, and security services.

Division of costs

Each owner is supposed to pay a share of the maintenance charges based on certain rules. The amount may depend on the property size, number of residents, or guidelines set by the homeowners’ association (HOA).

Homeowners Association's Role (HOA)

The HOA or the apartment association collects maintenance charges. They then set a yearly expense plan to handle all the maintenance charges. These include the maintenance work and ensuring all shared spaces are well-maintained.

Spending Plan

The HOA prepares an annual budget that shows how the maintenance fees will be used. It covers repairs, gardening, insurance, utilities, and other essential services. Owners also receive a clear breakdown of these costs.

How Maintenance Charges are Calculated in the Venture

Property owners are supposed to pay fees on a monthly or yearly basis, and they are also supposed to know how to pay. The amount depends on the apartment size and is calculated in the following ways:

• Per Sq. Ft. Charge: A fixed rate is applied to every square foot of the apartment's built area.
• Equal Maintenance: The total maintenance cost is shared equally among all units and collected monthly.
• Hybrid Method: This method shows a fixed basic fee plus an extra charge based on the apartment size.

Prestige Golden Grove's maintenance amount helps keep the property clean, safe, and well-managed. All owners must pay these fees on time to ensure smooth community operations.

Prestige Golden Grove Highlights