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Maintenance cost post-purchase

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Maintenance cost post-purchase

Last updated: February 9 2010
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  • Maintenance cost post-purchase

    Hi guys,

    Do u have any idea of maintenance costs per year for a high-end residential building with all amenities? Meaning, how much does each individual resident have to shell out for maintaining security, lighting in hallways, shared gardening, swimming pool, etc? In some builders' brochures, they claim to they will take care of the first couple of years but after that once society is formed what is the protocol?
  • #2

    #2

    Re : Maintenance cost post-purchase

    Originally posted by dsb278 View Post
    Hi guys,

    Do u have any idea of maintenance costs per year for a high-end residential building with all amenities? Meaning, how much does each individual resident have to shell out for maintaining security, lighting in hallways, shared gardening, swimming pool, etc? In some builders' brochures, they claim to they will take care of the first couple of years but after that once society is formed what is the protocol?
    it generally depends on builder/area/project. Do u have any specific builder,area,project in your mind. May be everyone can share info accordingly.

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    • #3

      #3

      Re : Maintenance cost post-purchase

      maintanance cost is usually Re 1-2 per sqft. In some of the projects, after society formation and transfer, society collets 1-2L from each flat owner and deposit them in terms of FD and maintanance will be done using interest money from this FD.

      -- Kirun

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      • #4

        #4

        Re : Maintenance cost post-purchase

        Factors

        Some premium projects which I have seen have monthly maintenance of 3-6k/month. It however depends upon the following:-
        • Type of the project:- Premium or luxury,
        • Total no. of flats (less the flats the better but higher the maintenance),
        • Configuration of flats:- Projects which only have 4/5 bed have more maintenance than that having 2/3/4 beds,
        • Specs & amenities provided. If there is rooftop swimming pool, garden then the maintenance is more as well,
        • At the end of the day it also depends upon committee chaps. If the members are active & interested in upkeep of the society, the maintenance will be good. If there is someone from Pune-30 (sorry if anyone is from here), they will try to have it for free!!
        If you are happy, you are successful.

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