Maintenance Corpus and Sinking Fund Explained
The corpus fund on your demand letter is not a scam and not a monthly bill ā it is a one-time reserve with a specific, long-term purpose that most first-time buyers are never actually told about.
Cost of Home Insurance and Property Tax
The keys are yours, but two annual bills ā municipal property tax and home insurance ā quietly start the day you register, and most first-time buyers never budget for either.
Water and Electricity Connection Charges: The Possession-Day Bill Nobody Quoted You
Meter security deposits and water connection charges never show up in the builder's cost sheet, but they can add tens of thousands to your possession-day cash outflow.
Total Cost of Ownership of Your First Flat
Buying a flat is one payment; owning it is a decade of recurring ones ā here is the full map of one-time, yearly, and easily-missed costs before you sign.
Annual Recurring Costs of Owning a Flat
Property tax, maintenance and insurance don't stop the day you get your keys ā here's the yearly bill a flat owner should actually plan for.
Society Transfer Charges on a Resale Flat: What You'll Actually Pay
The society's 'transfer fee' for your resale flat can be legitimate or inflated ā here's how to tell, what's typically capped, and how to budget it.
Advance Maintenance Charges on a New Flat: What You'll Actually Pay at Possession
Builders routinely ask for 12 to 24 months of maintenance upfront at possession ā here's how that number is calculated per sqft and how to budget for it before the keys land in your hand.
GST on Flat Maintenance Above Rs 7,500: The Rule Every Buyer Should Understand
Your first society maintenance bill has an 18% GST line you never saw quoted ā here's exactly when that tax applies, on what amount, and how to check if your society is charging it correctly.