Most homebuyers confuse the maintenance corpus fund and monthly maintenance after the final purchase. Although both funds are related to upkeep, they serve totally different purposes. A maintenance corpus fund is considered to be a one-time deposit from the homeowners after the purchase procedure is complete. After the collection of this fund, it is stored in a dedicated account for future uses like repairing the lift, repainting the walls, structural repairs, pumps, waterproofing, and generator overhauls. This fund is kept as a reserve to protect the value of the building in the future.

As said by the owner of Skyline Projects, “Purchasing a home is a long-term commitment, making its upkeep essential. Depositing a large corpus fund beforehand ensures that the building stays in good condition for a long time after the final handover.” On the other hand, monthly maintenance is different, as it is a recurring charge that the homeowners need to pay every month. This fund is needed to keep a few tasks running in the building, such as housekeeping, security, common area electricity, garden care, and staff salaries. Therefore, the monthly fees are for daily tasks, whereas the corpus fund is for larger repairs in the future.

Skyline Projects has a better understanding of these concepts, so they offer flats in Ballygunge in excellent condition. Paying a healthy fund keeps the repair costs predictable and spreads responsibility among the building staff. As said by the sales executive of Skyline Projects, “Buyers often come to us asking about why they are paying twice. We explain that both deposits are different from each other and have separate purposes. One is to manage daily operations, and the other one is to look after big future repairs.” Therefore, before considering flats in Ballygunge, you must have clear communication and learn about the deposits.”

About Skyline Projects

Skyline Projects is a Kolkata-based real estate developer known for offering thoughtfully designed layouts for comfortable living. Until now, they have completed several projects in places like Park Circus, Hindustan Park, Ballygunge Place, Ekdalia, and Bondel Road. They also have a few current projects on Lake Temple Road and Jubilee Park. They aim to deliver projects that come with values of integrity, commitment, and quality.

For more information visit : https://www.skylineprojects.co.in/

Phone Number: +91 98314 17000
Email: [email protected]
Address: 1st Floor - 1B, Skyline Profulla, 3A, PC Sarkar Sarani, Ekdalia, Ballygunge, Kolkata, West Bengal 700019
Facebook: https://www.facebook.com/SkylineProjectsOfficial
Instagram: https://www.instagram.com/skylineprojectskolkata
LinkedIn: linkedin.com/company/skyline-projects-properties-for-generations/