The scheme for maintenance is as under:
A purchaser is required to pay Rs. 36/- per sq. ft. towards advance maintenance charges. Maintainance Charges after the deployment of the advance payment will be collected quarterly in advance based on the cost and management fee incurred. Additionally, all purchasers will be required to pay a sum of Rs.36/- per sq. ft. towards the sinking fund which will be maintained in a separate ‘Escrow Account’, and the same will be used for any major maintenance in future.
Both the Advance Maintenance Charges and Sinking Fund Contribution shall be payable to ‘M/s. Prestige Property Management & Services’ on completion of the development and handing-over.