Embassy Knowledge Park Maintenance Charges

Featured Image of Embassy Knowledge Park Maintenance Charges


Embassy Knowledge Park's advance maintenance charges are collected by the builder at Rs. 75-78/sq. ft. for one year. After possession, monthly charges are set between Rs. 5-8/sq. ft. by the Residents' Welfare Association (RWA).

These charges help keep the areas clean and nice. This means the clubhouse, lifts, gardens, and other things that everyone uses are taken care of. Every single person who lives there, even if they are just renting, has to pay these fees.

Embassy Knowledge Park is a brand new housing project in Tharahunise, Yelahanka. It covers 200 acres and has apartments and villas which come in different sizes. There are over 40 amenities at Embassy Knowledge Park. The maintenance charges are not too high for the people who buy homes there.

Advance Maintenance Charges Before Possession


Here is the estimated one-year advance maintenance cost at Rs. 76/sq. ft., including 18% GST:

Unit Type Size (Sq. Ft.) 1-Year Maintenance @ ₹76/sq. ft. (Incl. 18% GST)
2 BHK Apartment 1,330 ₹1,19,274
2.5 BHK Apartment 1,598 ₹1,43,309
3 BHK Apartment 1,896 ₹1,70,033
3.5 BHK Apartment 2,250 ₹2,01,780
4 BHK Villa (Approx.) 4,200 ₹3,76,656
5 BHK Villa (Approx.) 6,800 ₹6,09,824

Note: The base rate is Rs. 76 per foot per year, and it has 18% GST. This makes the cost around Rs. 89.68 per foot every year. The final charges might change after the launch, depending on what the RWA decides.

Monthly Maintenance Charges After Possession


Once possession begins, charges shift to a monthly model set by the RWA. Here is the estimated monthly cost at Rs. 6/sq. ft.:

Unit Type Size (Sq. Ft.) Monthly Maintenance (₹)
2 BHK Apartment 1,330 ₹7,980
2.5 BHK Apartment 1,598 ₹9,588
3 BHK Apartment 1,896 ₹11,376
3.5 BHK Apartment 2,250 ₹13,500
4 BHK Villa (Approx.) 4,200 ₹25,200
5 BHK Villa (Approx.) 6,800 ₹40,800

After the project is launched, we will put the maintenance costs in the cost sheet. People who want to buy can talk to the sales team to get the prices. The advance amount is only paid once when you book.

What Do Maintenance Charges Cover?


The money we collect for maintenance is used to take care of the township every day. This helps everything run smoothly. Keeps the place clean for people who live here.

Maintenance charges, for the township, typically cover these things:

  • Regular upkeep of gardens, lobbies, and shared hallways
  • Security staff and surveillance for the housing community
  • Daily cleaning and hygiene services across common areas
  • Water and electricity costs for shared spaces
  • Lift maintenance and timely repair work.
  • Pest control services for the entire township
  • Landscaping and care of trees, lawns, and green zones
  • Upkeep of amenities like the gym, pool, and clubhouse

RERA Guidelines on Maintenance Charges


RERA rules require full transparency in how maintenance fees are set. Builders cannot earn any profit from these collected charges. The funds must only be used for their intended purpose.

Under these rules, builders typically charge between Rs. 2 and Rs. 25 per sq. ft. Advance collection is allowed for a period of 12 to 24 months. Builders must also explain how these funds will be spent before handover. All maintenance money must stay in a separate, dedicated bank account.

Who Decides Maintenance Charges After Possession?


Once possession is handed over, the RWA takes charge of maintenance. The association then finalizes the monthly charges for all residents. This process must remain fully transparent for every buyer.

GST applies only when the monthly maintenance fee crosses Rs. 7,500 per flat.

Is GST Applicable to Embassy Knowledge Park Maintenance?


GST applies to maintenance charges under two specific conditions:

  • First: If a single flat's monthly maintenance exceeds Rs. 7,500.
  • Second: If the RWA's total annual income crosses Rs. 20 Lakhs.

Affordable housing projects with smaller units are usually exempt from this GST rule.

How Are Maintenance Charges Calculated?


Townships typically use one of three methods to calculate these fees:

  • Per Sq. Ft. Method: Charges are based on the exact size of each unit. Larger homes pay more, while smaller homes pay less. This method is widely used and considered fair under RERA norms.
  • Equal Sharing Method: All residents pay the same fixed amount. Unit size does not affect the fee under this system. Most residents must agree before this method is adopted.
  • Hybrid Method: This combines both systems for different services. Fixed costs, like lift repairs, are shared equally. Other costs, like garden upkeep, are based on unit size.

Embassy Knowledge Park's final maintenance structure will follow RERA-compliant rules. Buyers are advised to confirm exact rates once the project officially launches.

FAQs


1. How are the monthly maintenance charges calculated at Embassy Knowledge Park? What do they cover?

The monthly maintenance fees at Embassy Knowledge Park are calculated based on the size of your apartment or villa. They are worked out per foot of the super built-up area. These charges cover the costs of running the township.

  • This includes:
  • 24/7 security systems
  • Electricity for areas
  • Keeping the landscape looking
  • Waste management
  • Elevator maintenance
  • Running the 120,000 sq. Ft. Grand Clubhouse
  • The exact rate, per foot, will be decided by the developer and mentioned in your agreement.

2. Is there a one-time maintenance deposit or corpus fund required before taking possession?

Yes, there is. When you take possession, you will need to pay a one-time Maintenance Deposit. You will also contribute to a Corpus Fund. This Corpus Fund is kept separate. Used for big repairs or replacements later on, like generators or water treatment units. The fund is then handed over to the Resident Welfare Association (RWA) when they take over managing the township.

Enquiry
Enquire Now