When buying an apartment at Birla Evara, one important cost to understand is the corpus fund. Many buyers are unsure what this means, whether it's refundable, and how it's used. This guide explains everything in simple terms for new homeowners and investors.

What is a Corpus Fund in Apartments?

In housing projects like Birla Evara, a corpus fund is a one-time lump-sum payment collected from buyers at the time of possession. This fund is handed over to the Resident Welfare Association (RWA) or Apartment Owners Association (AOA) once it is formed.

Think of it as a long-term savings account used for:

1. Major repairs
2. Emergency building expenses
3. Future upgrades

It ensures that even years later, there's money available for building upkeep.

What is the Corpus Fund at Birla Evara?

The Birla Evara corpus fund is collected as part of the final payment during the handover of your apartment. It is calculated based on the size of your flat (in sq. ft.) and may vary depending on unit type (3 BHK, 4 BHK, etc.).

For example, If the corpus fund is ₹100 per sq. ft., and your apartment is 1,500 sq. ft., you would pay ₹1,50,000 as a corpus fund.

Why is the Corpus Fund Collected?

A Corpus fund serves as a financial backbone for the residential society after the builder exits. It covers:

1. Lift repair or replacement
2. Water tank maintenance
3. Security upgrades
4. Painting or waterproofing
5. Emergency generator repairs

Without this fund, residents would need to pay large amounts suddenly.

Is the Corpus Fund Refundable?

No, the corpus fund is non-refundable. It is not returned when you sell your flat or leave the apartment.

However, the benefit of this fund stays with the property—it helps maintain the apartment's condition, which in turn keeps property values high.

Corpus Fund vs. Maintenance Charges

Many people confuse the two. Here's the difference:

Birla Evara Corpus Fund Example

Let's say you're buying a 3 BHK Regular (1278 sq. ft.) at Birla Evara. If the corpus fund rate is ₹100/sq. ft., then:

Corpus Fund = 1278 sq. ft. × ₹100 = ₹1,27,800

This amount will go into the community fund and will only be used for shared building needs, not individual apartment expenses.

Common Questions About Corpus Funds
Q: Is the corpus fund shown in the balance sheet?

Yes, the RWA will show it as a liability or reserve fund in their accounts.

Q: Is there a non-corpus fund?

Yes. Some trusts or societies maintain non-corpus funds for temporary expenses, but corpus funds are permanent.

Q: Does the government regulate corpus funds?

While not strictly regulated, builders must follow guidelines under RERA and state housing laws.

Final Thoughts

The corpus fund at Birla Evara is a key part of maintaining the luxury lifestyle and amenities promised in the project. Though it's a one-time cost, it offers long-term value by keeping your home and society in great condition.

For buyers and investors, understanding this fund is just as important as knowing the price per sq. ft.