Nambiar Beverly Green Maintenance Charges

Advance maintenance is collected at Rs 75 per sq ft, which comes to Rs 88.50 per sq ft with GST included.

This advance amount is billed for the first year, at the time of possession. The base rate of Rs 75 per sq ft, plus 18% GST, works out to Rs 88.50 per sq ft. Final figures may shift slightly, based on RWA decisions or updated project rules.

Once the RWA takes over, maintenance moves to a monthly billing cycle instead.

Final monthly charges will appear in the cost sheet once construction begins post-launch. Buyers can confirm exact figures by contacting the Nambiar Beverly Green sales team directly. Advance charges cover only the first year, paid at the time of booking or possession.

Maintenance fees fund the daily upkeep and smooth running of the villa community.

• Regular upkeep of shared spaces, entry areas, and internal roads.
• Security staff and services across the entire villa layout.
• Daily cleaning and hygiene services for common areas.
• Water and power costs used in shared zones.
• Servicing of shared lifts, where applicable across the community.
• Pest control services for common and shared spaces.
• Upkeep of landscaping, lawns, and trees across the estate.
• Maintenance of shared facilities like the clubhouse, pool, and sports courts.

The RERA guidelines ensure that maintenance charges are always transparent and fair for all buyers. The builder cannot make a profit out of the maintenance charges received during the advance period. The money collected should only be utilized for actual maintenance and community expenses.

Maintenance charges usually vary from Rs 2 to Rs 25 per square feet depending on the project. The RERA allows builders to receive advance maintenance charges for 12 to 24 months in advance.

The builder should explain the utilization of money before handing over the project. All maintenance money should remain in a different bank account.

Once possession is handed over, the RWA takes charge of maintenance decisions. The RWA then finalises the monthly maintenance rate for the whole community. This billing must stay clear and transparent for every resident. GST applies once the monthly charge for a single villa crosses Rs 7,500.

Two situations exist when GST will be charged on the maintenance cost. This is where the maintenance cost of a single villa exceeds Rs 7,500 per month or where the income from the RWA exceeds Rs 20 lakhs in a year. Affordable housing societies will typically not fall under this GST provision.

• Charge Per Sq Ft: The charges increase with the villa size, thus larger villas incur more charges. This is the most common method used in RERA compliant townships or villa communities.
• Equal Sharing: All residents contribute an equal amount irrespective of the villa size. This requires majority approval from the residents to implement.
• Hybrid Method: Some costs, like lift servicing, get billed equally to all residents. Other costs, like landscaping, get billed based on each villa's saleable area.