Prestige Southern Star Maintenance Charges
Maintenance charges are regular fees any buyer will pay for using amenities and common areas in their community living. The fee is collected monthly to cover the cost of maintaining all the common areas in the property.
All big communities have a lot of amenities for their buyers, which helps them live serene lives. The owners of these flats must pay a monthly maintenance fee for all the features. A separate maintenance team will take care of all the cleaning activity. The team will manage the parking space, water supply, electricity supply, and security in exchange for this fee. The maintenance charge is in the builder-buyer contract, which requires timely payment.
The owners can pay the fee either monthly or annually to repair any features in the community. The maintenance of common areas and the surrounding areas is necessary because it determines the lifetime of the flats. The RERA Act states that if any person enters a builder-buyer contract, he must pay this fee on time.
What is included in Prestige Southern Star Maintenance Fees
The Prestige Southern Star Maintenance charge includes all the services as follows
- Water charges for the water used by each flat member
- For maintenance of amenities like swimming pool, gym, park in the project and to keep it clean
- Security fees for the 24*7 security team
- Electricity fees for the lights in common areas and generators
- Sinking Fund for emergencies caused by any unexpected event
- For the maintenance of lifts.
Why are maintenance charges necessary in Prestige Southern Star
Maintenance Charges are the payments that must be done on time. A team will take care of the electricity, security, and water supply in exchange for this fee. Buyers can relax as there is no need to maintain any area on the property. The fee is compulsory for all buyers, and it must be paid in time without any delay. By paying the amount, a separate team will manage the common areas of the property.
How Maintenance Charges are Calculated in Prestige Southern Star
Every buyer should pay maintenance charges and know how these fees are calculated. It is based on the unit’s size, and buyers can pay as a full amount or in installments. The amount to be paid every month is calculated based on
- Equal maintenance - When all the sizes of units are the same, this method is used. Some fixed charges will be decided, and they will be collected monthly.
- Per sq ft charge - Based on this method, a fixed rate is charged based on per sq ft of the flat. It makes calculation very easy and fast.
- Hybrid method – Here, it includes a fixed charge among the buyers while the other is calculated based on the area they own. It is a fair method of calculating charges, and many flats follow it.
GST on Maintenance Charges
There will be GST charges to be paid along with maintenance charges. If a project’s monthly amount is more than Rs.7500 for a member, then 18% GST must be paid. GST must be paid if the turnover exceeds Rs.20 lakhs from annual maintenance charges. Maintenance charges are essential, and each property owner in Prestige Southern Star is responsible for paying them.
Prestige Southern Star Highlights
| Project Name | Prestige Southern Star |
| Location | Begur Road, Bangalore South |
| Total land in Acres | 100 + Acres |
| RERA NO | Awaiting |
| Total No. of Apartments | 3000 Units plus |
| Total No. of Villas | 400 Units |
| Bedrooms | 2, 3, 3.5 and 4 BHK |
| Club House | 3 Premium Clubhouse Amenities with 50,000 Sqft each |
| Starting Price | 1.24 Crores Onwards |
| Launch Date | December 2024 |
| Completion | December - 2028 |
| Enquiry |