HPR Shades of Green Maintenance Charges

Note:

The maintenance rate works out to Rs. 75 per square foot each year, with an added 18% GST. Together, this comes to Rs. 88.50 per square foot annually. These charges may be revised depending on the final call taken by the Residents' Welfare Association (RWA) or the project's governing rules.

Once construction on the township begins post-launch, the maintenance charges will appear in the official cost sheet. Buyers can connect to the sales team for further details. This advance amount is collected only once, at the time of booking, covering the first year.

Every resident pays maintenance charges so the township's facilities stay well looked after. These fees are worked out based on villa size and follow RERA guidelines. They are kept reasonable, so they fit comfortably within a buyer's overall budget.

Maintenance Fees encompass the day-to-day expenses associated with cleaning and repairs that ensure smooth operation of the residential community. Maintenance Fees include many different facilities such as:

• Regular upkeep of shared spaces like gardens, entry lobbies, and hallways.
• Security personnel and services across the entire township.
• Daily cleaning and hygiene upkeep.
• Water and electricity costs for common areas.
• Repair and servicing of lifts.
• Pest control services.
• Care of plants, lawns, and trees.
• Upkeep of shared amenities like the gym, swimming pool, and clubhouse.

The RERA regulations in India highlight full transparency, ensuring that everything is conveyed to the buyers in a clear manner. This prevents the builders from taking advantage of the maintenance charges and ensures that the money collected is put to the right use only.

The builders are required to convey all maintenance charges upfront, which usually vary from Rs. 2 to Rs. 25 per sq. ft. According to the RERA regulations, builders are allowed to collect advance maintenance payments for a period of 12 to 24 months.

Furthermore, builders are required to convey how the maintenance money will be used before transferring the project to the buyers. Maintenance money should be kept in a separate bank account.

Once possession is handed over, maintenance responsibility shifts to the Residents' Welfare Association (RWA). The RWA then finalises the ongoing maintenance charges for the community.

Billing must remain transparent at every stage. GST becomes applicable if the monthly maintenance charge for a single villa exceeds Rs. 7,500.

Yes, GST applies to maintenance fees at the township under two conditions:

• First: GST applies if the monthly maintenance charge for a single villa exceeds Rs. 7,500.
• Second: GST applies if the society's total yearly income from its services crosses Rs. 20 lakhs.

That said, maintenance fees for affordable housing projects are exempt from GST. This exemption applies to projects offering basic facilities with smaller unit sizes.

• Per Sq. Ft.: Maintenance fees are based on villa size under this method. Larger villas pay more, while smaller units pay less. This approach is considered fair and is common across RERA-compliant townships.
• Equal Sharing: Under this system, every resident pays the same maintenance amount, regardless of unit size. This method is only adopted if most residents agree to it.
• Hybrid: This approach blends both systems. Some services, like lift repairs, are charged equally to all residents. Other costs, like the upkeep of shared spaces, are calculated based on each villa's square footage.