Purva Northern Lights Maintenance Charge

The Purva Northern Lights maintenance charges are currently estimated at ₹5 to ₹8 rupees per square foot. These maintenance charges will pay the homeowners every month to maintain the project's claims and services. In the charges, which are things and amenities, they will cover up like a multi-level clubhouse, swimming pool, garden areas, security systems, elevators, and routine cleaning of common areas. It ensures a clean, safe, and well-managed living environment for all residents.

The homeowners are first receive the property, the builder will collect an advance maintenance charge of ₹70 per square foot for the first year. It will help cover the common services during the initial period. After that, once the Homeowners Association (HOA) is formed, the residents will manage the monthly maintenance charges based on the actual costs. The monthly charges are expected to stay between ₹5 and ₹8 per square foot, which will be fair and evenly divided among all the property owners.

Major factors to know to understand the Maintenance Charges:

• Maintenance of Shared Areas
The maintenance charges collected from homeowners are used to take care of common areas and shared facilities in the building, such as elevators, hallways, parking areas, gardens, gyms, yoga areas, and security systems.
• The Maintenance charges also include the essential services such as electricity for common areas, water supply, waste collection, power backup, and housekeeping. For example, common building maintenance may cost around ₹3,500 annually, while waste collection and water supply can start from ₹200 to ₹500 per month, depending on the flat size.
• How Costs Are Divided:
The maintenance fees are paid by homeowners, and they are usually based on the size of the apartment and how many people live there. The Homeowners Association (HOA) decides the rules and takes care of the property.
• The HOA also keeps money saved up in case of emergencies, like plumbing problems, elevator breakdowns, or electrical issues in shared areas. It helps make sure that everything runs smoothly and there are no unexpected costs for the residents.
• Role of the Homeowners Association (HOA):
The HOA is a group that helps keep the neighborhood safe and well-maintained. The members of the HOA are responsible for planning the budget and managing the fees. They also take care of shared spaces like gardens, security, and other community services.
• Creating a Budget
Every year, the HOA creates a budget to plan how the fees paid by homeowners will be used. The budget covers things like repairs, landscaping, security, events, and other important services. Homeowners are given a clear breakdown of how the money is spent.
• At the end of each year, the HOA looks at the actual maintenance costs and adjusts the fees if needed. Residents are informed about any changes ahead of time, and they can give their feedback during community meetings before the new budget is finalized.
• The residents are paying the proper and regular maintenance charges that help to keep the property value high and ensure a good quality of life at Purva Northern Lights. These fees help keep the community safe, clean, and well-maintained.