EMI During Construction is an important topic for all the homebuyers who are planning to purchase an under-construction apartment at Purva Northern Lights . Many buyers prefer such payment options because they help manage monthly expenses while the home is still being built.
Purva Northern Lights Maintenance Deposit is an important part of buying a home at Purva Northern Lights. This deposit is collected to take care of the building, open spaces, and common facilities after you move in. The builder has designed this system in a very simple and transparent way so that every buyer clearly understands where their money goes and how it helps in daily living.
The maintenance deposit is divided into two main parts. These are Advance Maintenance Charges and the Corpus Fund. Both have different roles, and both are important for smooth and stress free living.
The Purva Northern Lights Maintenance Deposit includes money collected in advance to manage the project from day one.
This clear structure ensures that owners do not face sudden maintenance issues or large repair costs in the future.
The Refundable Corpus is a topic many buyers want to understand. The Corpus Fund at Purva Northern Lights is a one time payment. It is interest free and is later transferred to the Apartment Owners Association when the project is officially handed over.
In general, in real estate practice, the Corpus Fund is not refunded to individual owners. This is because it becomes a shared asset of the entire community. It is used only for common benefits and long term repairs. Refunds are usually not allowed unless clearly mentioned in the builder buyer agreement, which is very rare.
It is important to understand that this Refundable Corpus is different from the booking amount.
Purva Northern Lights also has an EOI Booking Amount of ₹1 Lakh. This amount is clearly stated as a Refundable PDC (Post Dated Cheque).
If a buyer decides to withdraw before signing the agreement, this amount can be refunded as per the terms. This EOI booking amount is completely separate from the maintenance deposit and corpus fund paid later.
This clear separation helps buyers feel safe and confident while planning their purchase.
The Usage Purpose of the maintenance deposit is very easy. It is collected to keep the entire project clean, safe, and working properly.
The Corpus Fund is mainly used for big repairs after the first few years. This includes repainting, pipe replacement, lift upgrades, and other major infrastructure work.
Purva Northern Lights homes are designed to make maintenance easy. All apartments have easy plumbing access. Pipes and fittings are placed carefully so repairs can be done without breaking walls or floors.
The project is also planned for the future. New construction, parks, and amenities are being developed in phases. The infrastructure of the road network, the open space network, and services for future growth are all planned.
Purva Northern Lights offers transparent pricing, easy understanding, and long term value. The location near IT hubs and the upcoming Metro ensure strong rental demand and price growth.
The builder focuses on quality, comfort, and clear communication. This makes the maintenance deposit and refund structure easy to understand, even for first time buyers.
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