Maintenance charges are going up with increasing inflation, especially diesel prices and labor costs have seen steep increases.
Single block 5 floored apartments - Rs 1200 - 1500 per month (in Summer - can go up to Rs 3,000 pm)
Gated communities (small) less than 800 flats - Rs 3000 - 6000 per month (Rs.2.5 to 3.0 per sft)
Gated communities (large) more than 800 flats - Rs 2500 - 5000 per month (Rs. 1.5 to 2.6 per sft)
Swimming pools will become white elephants. Builder build it once as a marketing ploy but maintaining a pool costs a bomb. Many swimming pools in smaller gated communities in areas outside of Gachibowli, Kondapur, NH9 stretch might have to close down their pools from next summer onwards to control the costs. Converting swimming pools into parks would be a good idea.
P.S. The maintenance charges quoted are for fully loaded amenities. I am sure many new complexes are charging a tad less than what is quoted here as many units are unsold and the builders are absorbing the costs to present a better picture of maintenance costs to prospective buyers.
Single block 5 floored apartments - Rs 1200 - 1500 per month (in Summer - can go up to Rs 3,000 pm)
Gated communities (small) less than 800 flats - Rs 3000 - 6000 per month (Rs.2.5 to 3.0 per sft)
Gated communities (large) more than 800 flats - Rs 2500 - 5000 per month (Rs. 1.5 to 2.6 per sft)
Swimming pools will become white elephants. Builder build it once as a marketing ploy but maintaining a pool costs a bomb. Many swimming pools in smaller gated communities in areas outside of Gachibowli, Kondapur, NH9 stretch might have to close down their pools from next summer onwards to control the costs. Converting swimming pools into parks would be a good idea.
P.S. The maintenance charges quoted are for fully loaded amenities. I am sure many new complexes are charging a tad less than what is quoted here as many units are unsold and the builders are absorbing the costs to present a better picture of maintenance costs to prospective buyers.
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