DLF surprises, gives much needed insights to rationale behind maintenance charges
DLF has come up with a report on maintenance expenses for its Gurgaon’s recently delivered project called New town heights in sector 90.
The report reflects the difference between budgeted and actual maintenance expenses for a given month.
There is a clear delta of 30% below the budgeted expense. The actual maintenance expenses are found to be 30% to 40% lower than the estimated value.
DLF however insists that they expect offset (delta) of maintenance charges to be neutralized over a couple of years time due to inflation factors.
The report also gives an insight to the various heads under which maintenance is charged for a group housing society.
It also reflects that given current scenario, even charges of 2 rupees per sq.ft. is more than the actuals.
An interesting head under maintenance cost is of Home Insurance premium. Through this, DLF has insured all common areas in and outside towers except for covered area of flat.
The onus of insurance within flat boundaries lies with the individual owners.
The above disclosure from DLF has come as a surprise to many given that builders tend not to entertain customer’s demands for sharing the rationale behind maintenance charges calculations.
Even if they do in rare cases (like sharing details with RWA), the reports are generally alleged as fabricated.
We hope other builders take a leaf out of this.
Comments/Feedback invited.
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Last Updated on June 10, 2015 by Go4Reviews
That’s why there should be a regulator in this sector also.
Clearly the builder lobby is scared out of its shits because of
1) pending real estate bill
2) frustration of the buyers with the mal practices
3) stern view of the courts on these malpractices