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Top Properties in Chennai with Minimum Maintenance Charges

Top Properties in Chennai with Minimum Maintenance Charges

Buying an apartment in Chennai with the help of a home loan or otherwise should be a joyful experience and a significant highlight of your life. However, the experience could be marred because of high maintenance charges. Such maintenance charges are often mentioned in small print, and you may overlook them in agreements. So, to keep you informed when applying for home loans,

Here’s a list of properties in Chennai with minimum maintenance charges.

Puravankara Windermere

You can take advantage of a housing loan and buy a flat in the Puravankara Windermere apartments for Rs. 27.5 lakh or pick one that costs upwards of Rs. 1.52 crore. The apartment complex occupies prime land in the Pallikaranai area. Green surroundings and amenities such as a clubhouse, tennis courts, a swimming pool and more provide for a posh lifestyle. As for maintenance charges, it is fixed at Rs. 2 per square foot every month.

Bollineni Hillside Phase II

Nestled in the middle of the IT corridor of Chennai is the Bollineni Hillside Phase II apartments in Sholinganallur. The amenities available for nearly 450 apartments include a track for running, power back up, swimming pool access, a banquet hall, and gym. Residents are charged maintenance of Rs. 3 per square foot every month to maintain the amenities and common space. Housing finance is ideal to buy a home here. 

Adroit Artistica

Using a home loan EMI calculator, you can budget and pick from flats that are priced from Rs. 83 lakhs. Located in the Sholinganallur area, the project includes 124 apartments. Residents can access amenities such as landscaped gardens, a park, a swimming pool, and a clubhouse. With a full range of amenities to choose from, residents are required to pay a reasonable amount of Rs. 3 per square foot as maintenance charges each month.

Rajparis Crystal Spring

The Rajparis Crystal Spring apartments could also be a great choice if you’re looking for a premium house to buy. Located in proximity to busy Tambaram, the project has ample green cover and is close to natural attractions such as the Sithalapakkam Lake. Apartments are priced from Rs. 22.3 lakh. The maintenance charges per month for amenities and the common space is fixed at Rs. 3 per square foot. The charges help maintain well-tended flower gardens, a swimming pool, a track for strolling and a clubhouse along with round-the-clock security.

TVH Quadrant

Adyar is noted for posh places to live in. If your EMI calculator for home loan is indicating a budget for a house in the Adyar area and the TVH Quadrant apartments, you need to check this project out. The TVH Quadrant has apartments priced from Rs. 4.75 crore. You get to enjoy a luxurious clubhouse among other amenities. Other unique amenities include a barbeque pit and an infinity pool that give the project a stellar look and feel. Given the opulence of the complex, its maintenance charge is not very high. It is pegged at a monthly rate of Rs. 5 per square foot.

Want to own a house in any of these luxurious places? You can consider Tata Capital’s home loan in Chennai that comes with attractive home loan interest rates. As you check your home loan eligibility, don’t forget to take maintenance charges into account. Such charges are calculated for two years, and you will have to pay it to the builder when accepting possession of an apartment.

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FAQs

How to reduce society maintenance charges?

Reducing society maintenance charges starts with preventive maintenance. Regular checks for HVAC, plumbing, and electrical systems help catch issues early, like leaking ducts or worn filters, avoiding major breakdowns and high repair costs.

How to calculate maintenance charges?

The per square foot method is commonly used to calculate maintenance charges in societies. Under this method, a fixed rate is applied based on the flat’s area. For example, if the rate is INR 2 per square foot and your flat is 600 sq. ft., the maintenance charge would amount to INR 1200 per month.

How is property maintenance calculated?

Property maintenance charges are typically calculated using methods like the per square foot basis, where charges depend on the size of the flat, or a fixed rate system where all residents pay the same. Additional charges may apply for premium amenities offered in the society.

What is the limit of maintenance charges?

While there is no fixed limit for maintenance charges on flats, they should reflect the actual costs incurred and comply with legal requirements and RERA guidelines.
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