Maintenance in township communities runs on fees from every homeowner, and these fees keep common areas, staff, and utilities running smoothly. This system covers everything from lift servicing to security salaries.
A homeowners' team typically manages collection and spending. Nambiar Beverly Green, an upcoming villa township in Bangalore, follows a similar structured approach.
The fees charged in each township adhere to a standardized framework. Payments can be made on a regular monthly, quarterly, or annual basis. This will depend on the community guidelines. Money is used in maintaining common areas, paying staff, and utilities, among others.
Fees normally vary according to the size or usage of units. Flat rate fees are also used sometimes. Revision of such fees requires prior permission, which is granted by the homeowners.
Maintenance costs cater to many other charges as well. Electricity bills cover the cost of electricity for common areas, streetlights, and the water supply system. Repair works are done for fixing leaking pipes and malfunctioning lifts.
Facility maintenance includes cleaning of gymnasiums and club houses. Even gardening is included in facility maintenance. Salaries include the payment of guards and cleaning staff.
Township usually adopts any one of these three methods. The equal fee system is one where everybody pays the same amount. The per square foot system links fees to the size of the unit. The hybrid system uses a combination of both systems.
The payment process is usually made by means of one of three schedules. Monthly payments will be the most popular choice. The quarterly payment schedule will divide payments into periods of three months. The annual payment schedule will demand only one payment per year.
Late payments usually have concrete consequences. There may be penalties or interest charges on the outstanding amount that has been incurred. The service providers can decide to stop providing their services until payment is made. The societies may take legal action.
There are certain guidelines set by RERA that protect the interests of the township owners. This includes the requirement of proper notice to the owners. The rights of the members are also covered under these guidelines.
The process of dispute resolution is applicable even in the case of maintenance disputes.
Housing societies charge GST on maintenance services at a rate of 18%. This tax will be levied based on the value of services. Townships have to get themselves registered under GST if their turnover exceeds ₹ 40 lakh.
The 298 villa plots are offered by Nambiar Beverly Green in Phase 1. Phase 1 covers a total of 36-acre plot plan. There are two prominent footprints present in Phase 1 at the moment. These are measured at 35×55 and 40×63. The 35×55 villa will cover an area of 3,732 sq ft to 3,782 sq ft.
The 40×63 villa will cover an area of 4,627 sq ft to 4,638 sq ft. The starting indicative price range for the former villa is ₹5.48 Crore. The latter starts at ₹6.82 Crore.
Maintenance is done on the basis of the saleable area. It strictly adheres to the usual practices in the township. The cost for the first year comes to ₹48 per square foot. This also incorporates 18% of GST. A similar amount is collected as the maintenance deposit.
A good maintenance system will prevent any surprise to the owner. Moreover, it will ensure that the common areas of the complex are properly maintained. Early information is an advantage to buyers of such townships.
Maintenance charges ensure smooth functioning of townships for residents. Townships such as Nambiar Beverly Green have clearly defined formulas on the basis of sizes. Buyers must ensure that they thoroughly check the maintenance terms before purchasing the property.
Fees are paid monthly, quarterly, or annually depending on the regulations of the society.
They include utility expenses, repair expenses, and salaries to staff for maintenance of the common area.
Yes, the GST rate is 18% of the taxable value of the services provided.
The fee is ₹48 per sq ft for the first year, inclusive of GST and deposit.
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