Prestige Springwood Maintenance Charges
Prestige Springwood Maintenance Charges for the upkeep and operations of the commonly-owned property areas spanning 9 acres in Yerthiganahalli near Devanahalli, North Bangalore. During possession, the builder collects an advance maintenance fee of ₹50 to ₹70 per sq ft from buyers for 1 to 2 years, alongside a long-term sinking fund deposit. Once the buyers take over the property, the Residents Welfare Association (RWA) decides the recurring monthly maintenance charges, which range from ₹3.75 to ₹5.00 per sq ft to ensure that the entire 60-villa gated community stays in prime condition and functions smoothly.
These monthly collections pay for 24/7 gate security, the 50,000 sq ft clubhouse, backup power, green gardens, and street lights across the property. The project offers only luxury 4 BHK homes in two sizes: the 4,000 sq ft Royale and the 5,000 sq ft Magnus, priced between ₹10 Crores and ₹12.5 Crores. Monthly maintenance bills range from ₹15,000 to ₹25,000 per villa. Since all bills are above ₹7,500 each month, an 18% GST applies under government tax rules.