Table of Contents
Introduction
There are many best villas from reputed villa developers like VNCT Global. If you are a homebuyer of a luxury villa, it is important to understand how the society maintenance charges work. The Supreme Court judgement on society maintenance charges has cleared all the responsibilities around how these charges should be applied for each household.
Understanding Supreme Court Rules
Understanding Supreme Court Rules is crucial for homebuyers who want a hassle-free living experience. Along with that, there are RERA rules on how the maintenance charges must be levied on residents of a housing society. If buyers wish to invest in the best villas in Chennai from reputed villa developers like VNCT Global, the residents are charged for commonly owned property area maintenance.
The maintenance charges that are required to maintain shared spaces in a residential society include:
- Garden maintenance
- Water and electricity in all common areas
- Cleaning of common areas
- Security
- Lifts maintenance
How VNCT Global helps in fixing maintenance charges
The amount is collected periodically depending on the size of the property. VNCT Global helps in providing initial maintenance services till the association takes over. They help in collecting advance maintenance for some time. They are transparent about the maintenance charges and their usage. VNCT Global are also responsible for handling all the maintenance costs until they hand over the villa property to the residents.
Here are the detailed services that VNCT Global does on the maintenance charges,
Initial Maintenance:
Before the homebuyer’s association is formed, VNCT Global is fully responsible for maintaining all the common areas like gardens, lifts, CCTV, and much more. They help in maintaining all essential systems like electricity and water.
Transparency:
As per RERA rules, developers must provide buyers with a breakdown of the amount and exact usage of the maintenance charges. So, VNCT Global will always provide clear details of maintenance charges for the villa buyers. They also make sure to the residents and make them understand how their money is being spent. Every buyer can get a clear idea of how their maintenance amount will be used and for what purposes.
Advance Maintenance Charges Collection:
VNCT Global often collects advance maintenance fees for 1 year during the sale agreement. This helps to prevent disputes among buyers as everyone is aware of the maintenance charges, and they agree to pay them before buying their properties.
Sinking Fund:
VNCT Global is always responsible for creating a sinking fund that will help to address major repairs. It will help to do any repair in case of an emergency.
Once the homebuyers association is formed, VNCT Global hands over the accountability for managing maintenance services to the buyers association. VNCT Global always makes sure that the maintenance charges are not a source of profit for them. They are strictly for operational purposes and for maintenance.
They deposit the funds collected into a dedicated maintenance account, which the buyers can audit at any time. These safeguards offer the needed clarity for buyers considering VNCT Global’s villas in Chennai, Madurai, and Coimbatore.
Conclusion
RERA provides a mechanism for residents to file any complaint if they disagree with the maintenance charges. Depending on the city and the location, the maintenance fees will differ from Rs.2 to Rs.25 or even more. VNCT Global clearly outlines these charges in a sale agreement, and they are fully responsible for the maintenance till the homebuyers association is formed.
