What First-Time Buyers Must Know About Corpus Fund and Maintenance

A corpus fund is like an emergency savings fund for the apartment community. The builder collects this amount once from every buyer when they purchase the home. It is kept aside for future repairs and major maintenance.

The purpose of a corpus fund is to pay for big repairs, such as painting the whole building or replacing an old elevator. At Century Tisora, this amount is collected once and kept in a bank account to earn interest. This helps make sure the society always has money for important repair work.

According to the corpus fund for apartment rules, this money belongs to the residents’ association, not the builder. It is usually managed by a committee of residents who take care of the building and facilities.

Maintenance charges are paid every month to cover daily expenses like security, cleaning, and lighting in common areas. At Century Tisora, an advance maintenance fee of ₹60 per sq. ft. may be collected for the first year to keep the building running smoothly.

The corpus fund is a one-time payment used for big repairs that may happen in the future. This can include major building repairs, roof fixing, or structural improvements. While maintenance charges take care of daily expenses, the corpus fund helps protect the long-term value of your property investment.

According to the corpus fund for apartment rules in Karnataka, the builder must transfer the corpus fund to the Resident Welfare Association (RWA) after the project is completed. The society then manages this money for future repairs and building needs. This ensures the apartment community always has funds for important work.

Many buyers ask whether the corpus fund is refundable. The answer is no, because this money stays with the apartment society, even if you sell your flat later. The next buyer benefits from the corpus fund, which can also help you get a better resale value for your 2 BHK (1100 sq. ft.) or 3 BHK (1650 sq. ft.) at Century Tisora.

The corpus fund calculation is usually based on the size of your flat. In 2026, most projects charge around ₹100 to ₹250 per sq. ft. as the corpus fund. This amount is collected one time when you buy the apartment.

When planning your home loan, many buyers follow the 5 20 30 40 rules for a home loan. This rule suggests choosing a 20-year loan and keeping your EMI within 40% of your monthly salary. This helps you manage your finances comfortably.

Also, remember that banks usually give loans only for the Agreement Value of the home. Buyers must pay the corpus fund, 5% GST, and registration charges using their own savings. You can learn more from a corpus fund calculation in the redevelopment pdf if you are shifting from an old building to a new apartment.