Prestige Raintree Park Maintenance Charges

The Prestige Raintree Park charges maintenance fees for the upkeep and operations of the commonly-owned property areas spanning 107 acres. During booking, the builder collects an advance maintenance fee of Rs.75/ - per sq. ft. from buyers for 1 year. Once the buyers take over the property, the society has to decide the monthly maintenance charges, which range from Rs.5 to Rs.6/- per sq. ft. to ensure that the entire community stays in good shape and functions smoothly.

The Prestige Raintree Park Advance Maintenance charges for each apartment during the booking are as follows:

Units	Size in sq. ft.	Advance Maintenance Charge @ Rs.75/- per Sq. ft.+ GST
3 BHK	2020 sq. ft.	Rs.178500 Approx.
3.5 BHK	2414 sq. ft.	Rs.217050 Approx.
4 BHK	2540 sq. ft.	Rs.226500 Approx.
4 BHK	2956 sq. ft.	Rs.261300 Approx.
5 BHK	3503 sq. ft.	Rs.309525 Approx.
5 BHK	3709 sq. ft.	Rs.328215 Approx.

The Prestige Raintree Park apartment maintenance charges in Bangalore after possession of each unit are as follows:

Units	Size in sq. ft.	Monthly Maintenance Charge @ Rs.6/- per Sq. ft.
3 BHK	2020 sq. ft.	Rs.12120 Approx.
3.5 BHK	2414 sq. ft.	Rs.14484 Approx.
4 BHK	2540 sq. ft.	Rs.15240 Approx.
4 BHK	2956 sq. ft.	Rs.17736 Approx.
5 BHK	3503 sq. ft.	Rs.21018 Approx.
5 BHK	3709 sq. ft.	Rs.22254 Approx.

The maintenance charges encompass the expenses necessary for the regular maintenance, repair, and operation of a residential complex.

They encompass a wide range of services and amenities, including:

Common area upkeep (gardens, lobby, corridors, etc.)
Security services
Cleaning and sanitation
Water and electricity charges for common areas
Lift maintenance
Pest control
Landscaping/Gardening
Maintenance of amenities like gymnasiums, swimming pools, and community halls
Service charges
Car parking charges
Non-occupancy charges
Insurance charges
Leases rent
Non-agriculture taxAny other charges
Any other charges

How much is the maintenance charge?

The maintenance charges can vary depending on the type of housing and the facilities offered. The society must provide a detailed breakdown of maintenance fees according to rera rules for maintenance charges, giving clarity to homeowners of what they are paying. The maintenance charges for Prestige Apartments in Bangalore in 2024 typically range from Rs.5 to Rs.6 per sq. ft. per month.

What are the Criteria for Charging Maintenance?

Apartment maintenance charges rule, and regulations are very strict and need to be followed by every community. Residential societies determine maintenance charges based on several factors, including the number of facilities, their quality, and the size of the individual units. The Residents Welfare Association (RWA) typically collaborates to decide on a maintenance schedule that aligns with the everyday living needs of the residents and the facilities provided.

Is there any GST on Prestige Raintree Park Maintenance Charges?

Yes, GST applies to maintenance charges in gated communities that exceed Rs.7500 per month per flat or if the annual turnover of the entire society from the supply of goods and services exceeds Rs.20 lakhs. Affordable housing projects with minimal facilities and smaller-sized homes are exempt from GST on maintenance charges.