Prestige Palm Court Maintenance Charges
Understanding Maintenance Charges
Maintenance charges are monthly fees that residents pay to maintain the common areas, amenities, and services within the residential complex. At Prestige Palm Court, these charges ensure that all facilities are well-maintained and residents enjoy a premium living experience.
Estimated Maintenance Charges
The maintenance charges at Prestige Palm Court are calculated based on the super built-up area of the apartment:
| Apartment Type | Approx. Area (sq.ft) | Monthly Maintenance (Approx.) |
|---|---|---|
| 1 BHK | 750 - 1187 sq.ft | Rs. 2,500 - Rs. 4,000 |
| 2 BHK | 1170 - 1728 sq.ft | Rs. 4,000 - Rs. 5,500 |
| 3 BHK | 1630 - 2433 sq.ft | Rs. 5,500 - Rs. 8,000 |
| 4 BHK | 3340 - 3431 sq.ft | Rs. 10,000 - Rs. 12,000 |
Note: The above figures are estimates based on Rs. 3.50 per sq.ft maintenance rate. Actual charges will be determined by the Residents Welfare Association (RWA) after possession.
What is Covered in Maintenance Charges?
The monthly maintenance charges at Prestige Palm Court cover the following services and facilities:
Common Area Maintenance
- Cleaning and upkeep of lobbies, corridors, and staircases
- Maintenance of lifts and elevators
- Common area lighting and electricity
- Garden and landscape maintenance
- Water tank cleaning and maintenance
Security Services
- 24/7 security personnel
- CCTV surveillance system maintenance
- Access control systems
- Security cabin and equipment
Amenity Maintenance
- Swimming pool maintenance and chemicals
- Gymnasium equipment servicing
- Clubhouse upkeep
- Children's play area maintenance
- Sports facilities maintenance
Utility Services
- Common area water supply
- Sewage treatment plant operation
- Solid waste management
- DG set fuel and maintenance for common areas
Administrative Costs
- Property management services
- Insurance for common areas
- Legal and compliance costs
- Reserve fund contributions
Maintenance Deposit
At the time of possession, buyers are required to pay a maintenance deposit equivalent to 24 months of maintenance charges. This deposit is held by the RWA and used for:
- Emergency repairs and maintenance
- Major equipment replacements
- Building improvement projects
- Reserve fund for future expenses
Sinking Fund
A portion of the monthly maintenance charges is allocated to the sinking fund, which is used for:
- Major repairs and renovations
- Equipment replacement (lifts, pumps, generators)
- Structural maintenance
- Long-term building improvements
Payment Schedule
Maintenance charges are typically collected:
- Monthly: Paid at the beginning of each month
- Quarterly: Some societies offer quarterly payment options
- Annual: Discounted rates may be available for annual payments
Factors Affecting Maintenance Charges
The maintenance charges may vary based on:
- Number of amenities and their usage
- Size of the residential complex
- Quality of services provided
- Inflation and cost of living adjustments
- Additional services requested by residents
Prestige Group Advantage
Prestige Group is known for efficient property management and transparent maintenance practices. Their experienced facility management team ensures:
- Professional property management
- Regular audits and financial transparency
- Timely maintenance and repairs
- Vendor management for quality services
- Smooth transition to RWA after handover
Contact Us
For more details about maintenance charges and other costs at Prestige Palm Court, please contact us.
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