All buyers ask, “What is the maintenance cost?” Birla Evara's maintenance fee is fair. It is used to cover the costs of cleaning, electricity, security, etc. The money is also used to pay for power and water in common areas.

Maintenance costs are fees collected from homeowners for the upkeep of common areas and amenities. RERA states that a homebuyer must pay the fee after taking possession. Until an owner finds a tenant, they must pay the fee. Then, if it is mentioned in the rental agreement, the tenant will have to pay the charges.

Birla Evara is a luxury apartment enclave on Sarjapur Road in southeastern Bangalore. It is on 25 acres and has 1594 upscale apartments from 1 to 4-BHK. The project has an array of amenities on its large grounds. The maintenance costs are the money used for the upkeep of the amenities and grounds.

The maintenance cost at Birla Evara, Sarjapur Road, is shared by the residents. For a year, the charge is about Rs. 75 per square foot, with GST. These can be paid annually or monthly. Monthly, the charges are about Rs. 5 or 6 per square foot. At booking, homebuyers have to pay advance maintenance charges.

Here are the features of the maintenance charges:

• Used for the upkeep of common areas: The maintenance charge is used for the upkeep of shared areas. It is also used for maintaining the amenities, garden spaces, etc.
• Sharing of cost: The amount to be paid depends on the size of the home. It also depends on the number of people in the home and the HOA rules.
• Homeowners Association (HOA): Maintenance charges are collected by the HOA, which allocates funds for projects. It plans out the budget and makes sure common areas and amenities are well-maintained. It outlines an annual plan for spending the funds. The budget includes costs for landscaping, repairs, utilities, etc. Homeowners are given the complete breakdown of the expenses incurred.

Maintenance Charges Calculation

All homeowners must know how maintenance charges are calculated. The different methods used to arrive at a figure are:

• Rate per square foot: There is a fixed amount to be paid per square foot of the apartments. People who own larger homes pay higher maintenance charges.
• Equal maintenance charges: The total cost of maintenance is divided among all units equally. Every homeowner in the project is to pay the same amount.
• Hybrid: One part of the maintenance fee is fixed. The remaining amount changes from home to home, depending on the size.

Before buying a home, buyers must find out what is the maintenance cost. The Birla Evara PDF is available from the builder, who will share details of the same.