The Commonwealth Games Village is now one of the swankiest addresses in town, with some of the flats here going for more than Rs. 7 crore in a recent auction.
For the owners of these flats, however, the monthly maintenance charges are going to cost a bomb too.
The residential complex, built to house foreign athletes and officials during the Commonwealth Games held in October 2010, has 34 towers with 1,168 flats. Out of these, more than 400 flats were sold by private developer Emaar MGF and more than 700 flats are with the Delhi Development Authority (DDA), of which it had put 110 flats on auction recently.
The games village offers all modern facilities, including complete power backup, a water treatment plant, 24x7 security, landscaping, adequate parking, lifts, centralised air conditioning and solar panels.
These facilities, however, are expected to cost the flat owners approximately Rs. 10,000 per month in maintenance charges.
This is equivalent to maintenance charges at most high-end housing complexes in Gurgaon.
“At present, the maintenance is carried out by Emaar MGF and DDA, but a resident welfare association of the flat owner will take over the responsibility after most people move in,” said Shalabh Tandon, president, CWG flat buyers’ association.
Tandon was the first person to get possession of his flat. “The games village provides all facilities expected of such a housing society and the cost of maintenance is expected to be around Rs. 3.5-4 per square feet. For a three bedroom flat, the cost will be around Rs. 10,000,” he said.
Tandon said that the flat owners association would give the job of maintenance to professional facility management companies.
Those who bought flats from Emaar MGF started getting possession only in April this year. “Some work is still left to be completed and landscaping at the complex is still going on. Most flat owners are also refurbishing their flats according to their need and I believe everyone will move in by September this year,” he said.