Prestige Park Lane Maintenance Charges

Prestige Park Lane's maintenance charges are currently taken in advance at Rs. 120 per sq. ft. for 24 months before possession, plus 18% GST. A separate one-time maintenance corpus of Rs. 60 per sq. ft. also applies at possession.

After the township is ready for possession, ongoing charges will be set at Rs. 5 per sq. ft. per month. These are taken to maintain the township's common areas.

Every resident, including tenants, must pay maintenance charges in a township. This money keeps the property in good shape. It covers common areas like the clubhouse, lifts, and gardens. The RWA looks after this upkeep work.

Prestige Park Lane is an upcoming township located at STRR-Devanahalli. The project spans an area of 11.76 acres with nine towers and 1,788 premium homes.

Each tower is built with 3 basements, a ground floor, and 24 upper floors. The project offers more than 50 facilities, and the maintenance charges remain economical.

Advance Maintenance Charges at Rs. 120/Sq. Ft. for 24 Months (Including 18% GST)

Here's a breakdown of the advance maintenance fee at Rs. 120 per sq. ft. This covers 24 months and already includes 18% GST, based on unit type:

Configuration	Saleable Area (Sq. Ft.)	24-Month Maintenance @ Rs. 120/sq. ft., incl. 18% GST
1 BHK	567–571	Rs. 80,570
2 BHK	828–880	Rs. 1,20,926
2 BHK Large	1,087–1,103	Rs. 1,55,052
3 BHK 2T	1,445–1,469	Rs. 2,06,311
3 BHK 3T	1,597–1,662	Rs. 2,30,808
3 BHK 3T Large	1,757–1,801	Rs. 2,51,884

Note: Each square foot costs Rs. 120 for 24 months in maintenance, plus 18% GST. However, the RWA or project norms may revise these figures later.

One-Time Maintenance Corpus at Rs. 60/Sq. Ft.

Alongside the advance CAM, buyers also pay a one-time maintenance corpus fee at possession:

Configuration	Saleable Area (Sq. Ft.)	Maintenance Corpus (Rs. 60/sq. ft.)
1 BHK	567–571	Rs. 34,140
2 BHK	828–880	Rs. 51,240
2 BHK Large	1,087–1,103	Rs. 65,700
3 BHK 2T	1,445–1,469	Rs. 87,420
3 BHK 3T	1,597–1,662	Rs. 97,800
3 BHK 3T Large	1,757–1,801	Rs. 1,06,740

This corpus fund acts as a reserve for major repairs and long-term upkeep needs.

Monthly Maintenance Charges at Rs. 5/Sq. Ft. (After Possession)

Once possession begins, monthly maintenance stands at Rs. 5 per sq. ft. Here's how that breaks down by unit size:

Configuration	Saleable Area (Sq. Ft.)	Monthly Maintenance (Rs.)
1 BHK	569	Rs. 2,845
2 BHK	854	Rs. 4,270
2 BHK Large	1,095	Rs. 5,475
3 BHK 2T	1,457	Rs. 7,285
3 BHK 3T	1,630	Rs. 8,150
3 BHK 3T Large	1,779	Rs. 8,895

Once construction wraps up, the final maintenance rates will appear in the official cost sheet. Buyers can reach the sales team for full clarity. Note that the advance fee only covers 24 months at booking.

Why Maintenance Charges Exist

Maintenance is charged to each resident in order to make the townships functional. The fee structure depends upon the size of the flat and follows RERA guidelines. It remains affordable for buyers.

These fees fund daily upkeep, repairs, and smooth community operations. Several key services fall under this cost, such as:

Upkeep of shared spaces like gardens, lobbies, and hallways.
Round-the-clock security across the housing complex.
Daily cleaning and hygiene services.
Water and electricity used in common zones.
Repairs and servicing for elevators.
Regular pest control treatments.
Care for lawns, plants, and trees.
Upkeep of shared amenities like the gym, pool, and hall.

What Are the RERA Rules for Maintenance Fees?

Under RERA, complete transparency is to be maintained with each customer. Construction companies cannot make any profits from the charges collected for maintenance.

Builders must disclose all costs clearly, usually ranging from Rs. 2 to Rs. 25/ sq. ft. RERA also permits builders to collect advance fees for 12 to 24 months.

Before handover, builders must explain exactly how these funds will be used. All maintenance money must sit in a separate account for better oversight.

What Are the Criteria for Charging Maintenance?

Once possession is complete, the RWA takes over maintenance duties. It then finalises the ongoing charges for the community.

All billing must remain clear and easy to track. GST kicks in if a flat's monthly fee crosses Rs. 7,500.

Is There Any GST on Prestige Park Lane Maintenance Charges?

Yes, GST applies to Prestige Park Lane's fees under two conditions. First, if a single flat's monthly charge tops Rs. 7,500. Second, if the society's yearly earnings cross Rs. 20 lakh. That said, affordable housing projects skip GST, since they involve smaller homes and basic facilities.

How Are Maintenance Charges Calculated in a Housing Project?

Per sq. ft.: Fees depend on the size of the flat. Higher charges for larger flats; lower charges for smaller ones. This is the standard approach of most RERA-compliant townships.
Equal Sharing: Every resident pays an identical amount under this method. Flat size makes no difference at all. This only works if most residents approve it.
Hybrid: This blends both pricing methods. Some costs, like lift repairs, are split evenly. Others, like shared-space upkeep, follow each flat's square footage.

Prestige Group Prelaunch Project is Prestige Parklane.