Prestige Imperial Park Maintenance charges

Prestige Imperial Park's maintenance charges are in advance and are set at Rs. 72/sq. ft. and are applicable for a year. The monthly maintenance expenses are expected to be set at Rs. 5 to 6/sq. ft. These charges are set by the homeowner's association. The monthly charges are to be paid by every buyer after possession of the units.

The maintenance charges at Prestige Imperial Park will be collected to upkeep the common areas. These are also taken to take care of all the facilities catered to the residents in the township. The monthly charges are set for each resident and are paid as per the size of the unit.

Prestige Imperial Park is a brilliantly planned apartment venture in Rajendra Nagar, South Hyderabad. The site covers 71 acres and is home to 1, 2, 3, and 4 BHK flats. It has over 80% open space and has well-built amenities. Currently, the advance maintenance charges will be taken.

After the launch of the venture, the maintenance charges will be clearly stated in the cost sheet. Buyers can also contact the office team for more information. These charges are mandatory for the homeowners as well as renters who are availing the venture's facilities.

At Prestige Imperial Park, the maintenance fees are kept reasonable. All owners share these costs, and they start once the property is handed over.

Other charges at Prestige Imperial Park include:

• BESCOM Charges @ 75 per sq. ft.
• BWSSB Charges @ 75 per sq. ft.
• Khatha Assessment &; Bifurcation Charges @ 25,000 per apartment
• Generator Charges @ 70 per sq. ft.
• Advance CAM for 12 months @ 72 per sq. ft.

The township's charges are fees used for the upkeep and management of all common areas in the project.

• Common Area Maintenance: This covers the upkeep of shared spaces like lobbies, corridors, staircases, lifts, parking areas, and gardens. Cleaning, repairs, painting, and landscaping are all paid through these charges.
• Utilities: These fees include the cost of electricity, water, and gas used in common areas. This ensures all essential services work smoothly for residents.
• Security and Surveillance: These charges help maintain security for the entire complex. They cover security guards, CCTV cameras, access control systems, and other safety measures.
• Facility Management: Many complexes have amenities like a gym, swimming pool, clubhouse, or community hall. Maintenance fees ensure these facilities are repaired, cleaned, and remain usable.
• Administration and Management: These fees also support property management staff, accounting, legal services, insurance, and other admin expenses needed to run Prestige Imperial Park smoothly.

The importance of maintenance charges in residential apartments is very high. These charges help in the smooth functioning and regular upkeep of the entire apartment complex. Here are the main reasons why maintenance charges matter:

• Quality of Living: Maintenance charges directly affect the quality of the apartment. Clean and well-kept common areas and facilities improve the overall experience for residents. They also create a sense of pride and community.
• Property Value: A well-maintained building keeps its value over time. Regular upkeep protects the appearance and working condition of the property. This helps safeguard every resident’s investment.
• Safety and Security: These charges support the security systems in the complex. They help maintain CCTV cameras, guards, and other safety measures so residents feel protected in their homes.

How Maintenance Charges are Calculated in the Venture

Property owners are supposed to pay fees on a monthly or yearly basis, and they are also supposed to know how to pay. The amount depends on the apartment size and is calculated in the following ways:

• Per Sq. Ft. Charge: A fixed rate is applied to every square foot of the apartment's built area.
• Equal Maintenance: The total maintenance cost is shared equally among all units and collected monthly.
• Hybrid Method: This method shows a fixed basic fee plus an extra charge based on the apartment size.

Prestige Golden Grove's maintenance amount helps keep the property clean, safe, and well-managed. All owners must pay these fees on time to ensure smooth community operations.

Prestige Imperial Park Highlights