Prestige Oakville Maintenance charges

The Prestige Oakville maintenance charge usually ranges between INR 5 to INR 6 per sq. ft. This charge is a fee collected for the upkeep and efficient functioning of common areas within the property, which spans a considerable area. When buyers book an apartment here, the builder collects an advance maintenance fee of Rs.75 per sq. ft. for one year. After the owners take over, the Residents Welfare Association (RWA) will decide on monthly maintenance charges. This fee ensures that the property remains well-maintained and comfortable for all residents.

The maintenance charge at Prestige Oakville covers many essential services and amenities that make living here convenient and enjoyable. These charges contribute to the following:

Regular upkeep of common spaces like gardens, lobbies, and hallways
Security services to maintain a safe environment
Water and electricity costs for common use
Lift repairs and servicing
Pest control measures
Maintenance of amenities like gyms, pools, and event halls
Service fees for various facilities
Car parking maintenance

The RWA provides residents with a clear breakdown of maintenance charges. According to RERA rules, the maintenance fee structure must be transparent to homeowners, ensuring clarity on what they are paying for. In Bangalore, maintenance charges for apartments, such as Prestige Oakville, typically fall between Rs.5 and Rs.6 per sq. ft. each month, depending on the type of housing and facilities offered.

How Maintenance Charges are Determined

The maintenance fees are based on factors like the number and quality of facilities provided and the size of each unit. In most cases, the RWA works closely with residents to set up a schedule that aligns with their everyday needs. This ensures that all facilities operate smoothly and are well-maintained to benefit all residents.

GST on Maintenance Charges at Prestige Oakville

If the maintenance cost for any flat exceeds Rs.7500 per month, or if the annual income of the society from goods and services exceeds Rs.20 lakhs, GST applies to the maintenance charges. Smaller homes or affordable housing with limited amenities may be exempt from GST on these charges.

Benefits of Prestige Oakville Maintenance Charge

The maintenance charge at Prestige Oakville ensures:

Proper property maintenance
Safety and security for residents
Well-kept surroundings that boost property value
Cost-efficient services
Reserve funds for future needs

Overall, Prestige Oakville maintenance charges provide essential support to keep the community safe, attractive, and functional, benefiting all who live there.