Prestige Falcon City Chennai Maintenance Charges

Modern residential apartment township with 22 high-rise towers, lush green gardens covering 80% open space, luxury clubhouse with rooftop pool, located on Medavakkam-Sholinganallur Road Chennai

The Prestige Falcon City Chennai Maintenance Charge is a regular fee that apartment owners pay to keep this massive 23-acre township in Medavakkam running smoothly. When you buy a house in a premium project built by the Prestige Group, you are not just paying for your flat. You are also paying to keep the parks, pools, and security teams working properly. Knowing how much this maintenance costs helps you plan your family budget without any surprises later on.

If you are looking to buy a home here, this guide breaks down exactly what you will spend every month and every year to keep your property in top shape.

How Are These Charges Broken Down?

Managing a huge complex with 22 tall towers and over 2,170 flats is a big job. To make it easy, the builder splits the payments into two main parts:

1. The Yearly Charge (First Year Advance)

When you get the keys to your new home, you do not start paying small bills right away. Instead, the builder collects a full year of maintenance charges in advance.

This fee is set at ₹75 per square foot for the whole year. This money creates a big reserve fund so that the cleaning, repair, and security teams can start working from day one. For example, if you buy a standard 2 BHK flat that is 1,000 square feet, your total advance payment for the first year will be around ₹75,000.

2. The Monthly Charges (From the Second Year)

Once your first year ends, a group of residents (called the Resident Welfare Association) takes over. From this point, you will shift to a regular monthly plan.

The monthly fee is expected to be around ₹5 to ₹6 per square foot every month. Since the price depends entirely on the size of your flat, bigger homes will naturally pay a higher bill. Here is a simple breakdown of what your monthly costs might look like:

Apartment Type	Typical Size (Sq. Ft.)	Estimated Monthly Cost (At ₹5/sq. ft.)
2 BHK	1,001 – 1,220	₹5,005 – ₹6,100
3 BHK Compact	1,380 – 1,550	₹6,900 – ₹7,750
3 BHK Large	1,750 – 2,150	₹8,750 – ₹10,750
4 BHK Luxury	2,450 – 2,735	₹12,250 – ₹13,675

Where Does Your Money Go?

Prestige Falcon City Chennai stands out because 80% of the land is left completely open and green. Taking care of massive gardens, tree-lined walking paths, and luxury facilities takes a lot of effort and money.

Your regular maintenance fees cover:

Round-the-clock Security: Manned guards at the main gates, electronic entry barriers, CCTV cameras, and video door phones for every flat.
The Clubhouse and Pool: Keeping the massive 70,000 sq. ft. clubhouse clean, maintaining the swimming pools, and taking care of the gym and sports courts.
Eco-friendly Systems: Running the solar panels, rainwater harvesting tanks, and sewage treatment plants to protect the environment.
Common Area Utilities: Electricity bills for the lifts, corridor lights, and park lights, along with regular servicing for the high-speed elevators.
The Sinking Fund: A small part of the money is saved for the future to handle major repairs, like painting the outside of the buildings or fixing big machinery.

FAQs

1. What is the advance maintenance fee when I buy a flat here?

Buyers need to pay a one-time advance maintenance fee of ₹75 per square foot. This covers the entire first year and makes sure the society has enough funds to manage everything smoothly when residents start moving in.

2. How much will I have to pay every month after the first year?

From the second year onwards, you will switch to a monthly cycle. The estimated charge is between ₹5 and ₹6 per square foot each month, which will be collected by the building's resident committee.

3. Will a larger flat cost more in maintenance?

Yes. The maintenance fee is always calculated based on the total square feet of your flat. Because of this, a big 4 BHK flat will have a larger monthly and yearly bill than a smaller 2 BHK flat.

4. Is it compulsory to pay these maintenance charges?

Yes, it is compulsory by law. Under the RERA rules in India, every homeowner who buys a flat in a housing society must pay their share of the maintenance charges on time to keep the building safe and clean.

5. Are the swimming pool and gym free to use, or do they cost extra?

The daily cleaning, electricity, and staff costs for the 70,000 sq. ft. clubhouse, gym, and swimming pool are already included in your maintenance charges. You do not need to pay a separate monthly fee to use them.

6. Do I have to pay GST on these maintenance bills?

According to the government rules, you only pay 18% GST if your monthly maintenance bill goes over ₹7,500 and the entire society collects a large amount of money annually. Small flats with lower bills usually do not have to pay GST.

7. Who looks after the building maintenance right at the beginning?

The Prestige Group's professional management team handles everything at first. Later on, once most families move in, they hand over the responsibility to the official resident welfare association.