The maintenance charges in Mahindra IvyLush Lush are collected in Two ways,one is during booking of Apartments the developer collects an advance maintenance fee of Rs. 75/- per sq. ft. from the apartment buyers for 2 years. Once the property is purchased, the developer has to fix the monthly maintenance charges, which may range from Rs. 5 to Rs. 6/- per sq. ft., to maintain the entire township, staying healthy and functioning properly.

For residents of Mahindra IvyLush located at Kharadi Annex, Sector R-14, Wagholi, Pune – 412 207, the monthly maintenance charges are below.

The Mahindra IvyLush Advance Maintenance charges for each apartment during the booking are as follows:

The maintenance charges in for the Mahindra IvyLush in pune, after possession of each unit are as follows:

What are maintenance charges?

Maintenance charges on apartments are the recurring costs that flat owners should pay for the upkeep of existing facilities and services in the housing property.

What are the RERA rules for maintenance charges?

From the possession time of the property, paying the cost of maintenance charges is the Buyer's responsibility. Until a buyer has been found for the apartments or villas, the Builder of the property has to pay the expense of maintenance. Later, the tenant or Buyer can pay the maintenance charges, depending on the agreement between the buyers and builders.

What is included in the maintenance cost of the Mahindra IvyLush?

The maintenance cost of a property includes a wide range of services and amenities. Some of the services included in the maintenance cost of Mahindra IvyLush are:

• Security Charges, including salary and maintenance of security guards and CCTV monitoring
• Water Charges
• Electricity Bill
• Power backup charges.
• Garbage management charges
• Parking Charges
• Maintenance charges for amenities such as swimming pools, community halls, and gymnasiums.
• Elevator maintenance charges
• Maintenance of Common Areas

Is there any GST on the Mahindra IvyLush maintenance costs?

Yes, GST is applicable in residential projects if the maintenance costs exceed Rs 7,500 per month for each unit of the project or if the annual turnover of the entire project is more than 20 lakh. Smaller-sized apartments with basic featured projects are not applicable for GST.

Is it important to pay the maintenance charge?

Yes, it is very important to pay the maintenance charge of the property on time; proper payment of maintenance fees leads to the proper maintenance of the entire property.

Many residents are confused about whether they are eligible for maintenance costs if they are not living in the flat. The answer is definitely yes; the Buyer should pay the maintenance costs of the property once it has been purchased.