Sobha World City Maintenance Charges

The advance Sobha World City's maintenance charge for apartments is Rs. 70 per square foot. The fee is paid in advance by buyers for maintenance during the first year after purchase. Once the homeowners' association is formed, it will decide the monthly fees. Themaintenance charges per square foot at the project will be Rs. 5.

Apartment maintenance charges are used for the upkeep of a complex. All the residents who live in it pay fees for maintenance. The money collected is used for the upkeep of the common areas. They are also used for security, repairs, gardening, and utility bills. The funds are also spent to keep the amenities here in working order.

The RERA rules for maintenance charges state that a homeowner must pay the fee. If it is included in the rental agreement, the tenant must pay the maintenance charge. It states that builders must offer services at fair costs until the association takes over. The builder will pay maintenance for all unsold homes until they are sold or handed over.

The charges for maintenance must be stated clearly in the sale agreement. Buyers must be given a full breakdown of the costs. The funds collected must be in a separate account and cannot be used for profit. After the formation of the association, it will decide and collect these charges.

Sobha World City is a grand apartment project on 48 acres at Hoskote. It has 5406 luxury apartments in many layouts, of different sizes.

Here are the advance maintenance charges for Sobha World City:

GST is applicable to the fees collected for maintenance.

When people move into Sobha World City, they get to live in a well-kept, clean space. The maintenance fees collected pay for the upkeep of the project and its amenities. By sharing these costs, people can enjoy a better living in neat surroundings.

The break-up of the Sobha World City maintenance charges includes the following fees (in approximate values):

• Building maintenance, Rs. 3500
• Usage of common areas/parking, Rs. 1000
• Electricity Bill for common areas, Rs. 1200
• Water Bill for common areas, Rs. 550
• Cleaning of common areas, Rs. 500
• Collection of waste, Rs. 200
• Power backup, Rs. 500
• Reserve fund, Rs. 450

The Sobha World City maintenance charges are used for:

• Security – The funds pay the security team that watches over the project. Money is also used on safety measures, such as CCTV cameras.
• Utilities –Funds are used to pay for utilities like electricity and waterused in the common areas.
• Housekeeping –The money is used to pay the staff who keep the premises clean. It is used to pay the people who maintain the green areas in the project.
• Repairs –Any repairs that need to be done in the project are paid for using the funds.
• Garbage and Sewage –Money from the funds also pays for trash collection and disposal.
• Emergencies –Funds can be used for any emergencies that might come up.

The calculation of apartment maintenance charges is based on any of these models:

• Per Square Foot: The charges are based on the floor space of the residents’ homes.
• Hybrid:People pay the same amount for amenities and security. Other expenses are based on the home size or the power usage of the home.
• Usage-Based: Maintenance fee as per this model is based on the power and water usage.
• Equal Distribution: Everybody pays the same amount, even if their homes are different sizes.

Residents must be aware that these fees can be reviewed on a yearly basis. The association will adjust the amount to be paid based on actual costs. At association meetings, any changes made will be shared. Residents will be informed how the funds have been used. They can have a chance to discuss their concerns, if any, at these meetings.

All residents have to pay the fixed monthly maintenance fees on time. Regular payment ensures a safe, clean, and comfortable living space. These fees help to keep the community running smoothly.

A resident cannot refuse to pay maintenance charges as it harms others in the association. If they do not pay, reminders and late payment notices will be sent. Interest and/or penalties may be added after the due dates. In some cases, legal action will be taken against those who default on payment.

The Supreme Court judgment on maintenance charges states these must be reasonable and clear. These must be clearly stated in sale agreements. Builders cannot hike fees without informing residents. They also cannot profit from them. Maintenance charges are applicable whether an owner lives in a unit or rents it out.

The Sobha World City maintenance charges are vital for safe and comfortable living. They help keep the complex functioning to the highest standards.