No Upkeep Fees in Affordable Builds
Discover affordable housing projects without maintenance fees. Explore sustainable living options with no upkeep costs.
In affordable housing projects, the absence of upkeep fees is a notable feature, shaping the landscape of accessibility and sustainability in housing initiatives.
- Policy Framework
- Developer Responsibilities
- Financial Obligations
- Allottee Charges
- Repair and Maintenance
- Additional Charges
- Interest-Free Maintenance Charges (IFMS)
- Bilateral Agreements
- Allottee Concerns
1. Policy Framework:
The regulations outlined stem from the Affordable Group Housing Policy of 2013 and the Haryana Development and Regulation of Urban Areas Act of 1975.
These legal frameworks set guidelines for developers regarding the provision of various services and maintenance within affordable housing projects.
2. Developer Responsibilities:
As per the regulations, developers are mandated to offer certain services free of cost. These include the upkeep of essential infrastructure such as roads, open spaces, parks, and public health services.
the responsibility extends to maintaining lifts and Sewage Treatment Plants (STPs).
3. Financial Obligations:
The financial burden associated with maintaining common areas, providing electricity, managing parking spaces, and compensating staff (including management, plumbers, and electricians) falls upon the developer.
This implies that expenses related to cleanliness, electricity provision, and staff salaries are covered by the developer.
4. Allottee Charges:
While certain services are free, allottees (homebuyers) may be charged for specific utilities and services.
These include power and water consumption, property taxes, and door-to-door garbage collection.
5. Repair and Maintenance:
Post-possession, developers may charge allottees for repairs conducted within their flats, such as tap replacements, plumbing, flooring, and electrical installations.
6. Additional Charges:
Other expenses such as diesel costs for power backup, lift electricity bills, and allottee-related liabilities (excluding damages caused by the developer’s lapse) may also be collected from the allottees.
7. Interest-Free Maintenance Charges (IFMS):
IFMS, as prescribed under the Real Estate Regulatory Authority (RERA) Act of 2016 or HRERA Rules of 2017, will be levied on allottees.
8. Bilateral Agreements:
Charges decided through bilateral agreements, including security services, may also be applicable based on mutual agreements between the developer and allottees.
9. Allottee Concerns:
Some allottees express concerns about potential conflicts arising from bilateral agreements and the inclusion of security staff in maintenance.
Clarity regarding the timing of the order’s applicability is sought, whether it occurs at the time of handover or clarification issuance.
Conclusion:
For Gurgaon real estate investor, understanding the dynamics of maintenance regulations in affordable housing projects is paramount. While the absence of upkeep fees presents an attractive feature, it’s essential to navigate through the intricacies of developer responsibilities, financial obligations, and allottee concerns. As the landscape evolves, clarity on IFMS, bilateral agreements, and the timing of applicability becomes pivotal. By staying informed and proactive, investors can navigate the nuances of affordable housing projects in Gurgaon, ensuring sustainable investments and thriving communities.
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