Godrej MSR City Maintenance Charges

What is a Maintenance Charge?

Maintenance charges are mandatory fees paid by homeowners to manage and upkeep the common areas and shared amenities within the residential complex. Every property owner in Godrej MSR City Bangalore must pay this amount, even if they are not currently living in their apartment.

What Does the Godrej MSR City Maintenance Fee Cover?

Here’s a breakdown of the services included in the maintenance charges:

• 24/7 security services, electricity backup, and common area maintenance.
• Lease rate based on the per-square-foot area of each property zone.
• Water charges calculated according to individual apartment usage.
• Parking charges if residents use designated parking spaces.
• Lift maintenance and repairs for smooth functioning.
• Insurance premiums for commercial areas (if applicable).
• Sinking fund to handle emergency repairs and unexpected expenses.
• Vacancy charges if the apartment remains unoccupied.
• Additional costs like non-agricultural taxes, election funds, and community festival celebrations.

How is the Godrej MSR City Maintenance Charge Calculated?

The Godrej MSR City maintenance fees are calculated mainly based on the size of your unit. Homeowners can either pay the total amount upfront or opt for monthly installments. Here are the three main methods of calculation:

• Per Square Foot Basis: In this common method, the maintenance charge is calculated based on the total square footage of your apartment. For example, if the apartment is 1000 sq. ft. and the rate is Rs. 4 per sq. ft., the monthly maintenance charge will be Rs. 4000.
• Equal Maintenance Charge: This method is used when all units are of similar size. The total maintenance cost for the building is divided equally among all homeowners. Best suited for projects where unit sizes are almost identical.
• Hybrid Maintenance Model: The hybrid method is a combination of both the above techniques. Fixed costs for shared amenities are distributed equally, while variable costs (like apartment size) are calculated separately.

Residents must pay maintenance charges on time to ensure continuous upkeep of the property. These funds are crucial for maintaining water supply, electricity, security services, and communication systems. Even if a resident is not living in their apartment, they are still legally obligated to pay the charges, as it supports the overall health and upkeep of the community.