Sobha Neopolis is a grand apartment complex by Sobha Limited at Panathur in
East Bangalore. The Greek-inspired enclave is on 25 acres and has 1875 high-end
apartments. These homes are 1, 3, 3-plus-study, and 4-BHK, ranging in size from 660 to
2481 square feet.
Maintenance charges are collected from the owners of homes in projects. These are
used for the upkeep of shared facilities and common areas. These fees are an essential
part of living in a gated community. They are collected in order to give the people living
here a comfortable life.
Sobha Neopolis Project Highlights
Type |
Apartment Complex |
Total Land |
25.35 acres |
SBA |
34,40,631 sq ft |
Units |
Luxury Flats |
Towers |
19 |
Elevation |
2 B + G + 18 Floors |
Unit Type |
1, 3 & 4 BHKs |
No of Units |
1,875 |
Sizes |
660 - 2481 sq ft |
Price |
INR 1.6 Cr onwards |
Start Date |
Oct 2023 |
Completion Date |
Dec 2028 |
Sobha Neopolis has many top facilities in place for its residents. All efforts are made to
maintain these to the best standards. There are Sobha Neopolis maintenance
charges that are used for this. The fees charged are fixed based on the type of home.
The charges for homes with a larger area are higher.
Here are some aspects of the money that is collected for maintenance charges at the
project:
- Fees for Amenity Upkeep: The Sobha Neopolis maintenance charges are
spent on keeping the amenities in working order. These are used to fund the
overall upkeep of the project. The money is also used to maintain the many
communal areas and green spaces in the enclave.
- Money for Management: There are many people who are employed in a project.
Their salaries are paid using the money that is collected. The money is also used
to procure materials that are needed for the project. These are used for the
upkeep of the buildings and premises. How much is to be paid by the residents is
based on many factors. The Homeowners' Association (HOA) calculates the
amount to be paid based on these.
- Homeowners' Association: The HOA of the project is in charge of collecting fees
for maintenance. They make sure that the money is used wisely. It also fixes the
budget of the enclave. The association makes sure that this covers all the costs of
operation.
- Payment Date: There is a fixed date for the payment of fees by residents.
Property owners are responsible for paying the Sobha Neopolis maintenance
charges on time. Penalties and fines will be levied for late payments.
- Budgeting: The budget for the smooth running of the project is created by the
Homeowners’ Association. The budget will outline how the money collected from
the people will be used. The association will give an itemized breakdown of these
costs at the general body meeting. The meetings help all residents become aware
of how the money is spent.
- Transparency: Meetings of the HOA will be held to fix the Sobha Neopolis
maintenance charge. These meetings will give the people a chance to air any
grievances and also to question the usage of the money. The association will be
open on how the funds are used for various objectives. The meetings will discuss
all aspects of the usage of maintenance. Any increases in charges or extra
payments to be made will be discussed in these meetings.
It is necessary to collect maintenance charges at Sobha Neopolis. It is used to
maintain the project in the finest condition. The community is a luxurious place to live
that is built to the highest standards. The fees help the project to continue to be a high-
end area to live in.
The Sobha Neopolis maintenance charges are an investment in the upkeep of the
lovely living space. It pays off as residents have a well-maintained area to live in at all
times. These fees also help in keeping the project clean and green. People living in the
grand enclave can look forward to an excellent quality of life.