This is for the Oceanus Tranquil project which is almost ready for registration this year. My question is about the maintenance charges that the builder is collecting in advance
1) They ask for a high 3.5 per sq feet charges. Is this normal? They say that nowadays the maintenance charges is this much 2) They also plan to collect GST for this maintenance. My understanding is that if the monthly amount is less than 7500 we dont need GST 3)For the first year is not the responsibility of the builder to take care of the maintenance?
Maintenance Charges depends on the size of the residence and the utility of the services. It means your maintenance charges will depend on the total area of the flat. The real estate developers charge anywhere between Rs 2 to Rs 25 per square foot as maintenance charge. And maintenance charges varies from state-to-state.