Buying a new home is one of the most exciting milestones in life — a mix of dreams, plans, and careful investment. However, many new homebuyers often overlook one crucial aspect: maintenance costs. These recurring expenses play a significant role in your overall budget and the long-term value of your property.
At Utkal Builders, we believe in complete transparency, ensuring our buyers understand every aspect of homeownership — including maintenance. In this article, we decode maintenance costs and highlight what new buyers should watch out for.
Maintenance costs are ongoing charges homeowners pay to keep their property safe, functional, and appealing. They cover services and upkeep that ensure a residential complex or apartment stays in prime condition.
These costs typically include:
While your home purchase is a one-time expense, maintenance is an ongoing commitment. Understanding these costs is essential because:
For example, a well-maintained complex attracts higher resale value and better quality of life.
Maintenance charges can vary depending on several factors:
Example: A 200-unit complex paying ₹10 lakh annually for maintenance costs ₹5000 per unit. A 50-unit complex with similar facilities costs ₹20,000 per unit.
Many first-time homebuyers focus on the property price and down payment, overlooking additional recurring costs such as:
At Utkal Builders, we combine intelligent design with sustainable practices to ensure maintenance costs remain efficient and controlled. This includes:
We aim to make your dream home a stress-free investment.
Before you finalize your purchase:
Maintenance costs may seem like a small detail, but they significantly influence your homeownership experience. Being informed ensures no surprises and helps you enjoy your home with peace of mind.
At Utkal Builders, we are committed to building homes that offer lasting comfort and transparent costs so that your dream home remains a joy, not a burden.
























All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
Mr Rakesh Bhura holds the MBA degree from the Leeds University,UK. The youngest and the most dynamic among the directors he plays an important role in planning and execution at the site. He is actively involved in site execution,purchases & manpower management. He has his own innovative approach towards the projects and all his endeavours have been successful. Mr Bhura is the young promising face of Utkal Builders.
Anchors the sourcing function at Utkal. He is credited with deriving the best value from our sourcing partners – contractors and vendors of material inputs. Recently, he has taken additional responsibility of the marketing function. However, complicated and large his tasks, his energy and positive attitude make them all possible! And somewhere in the middle, he also finds time to pursue sports and instruct his disciples on yoga.
Is an MBA from University of Strathclyde, Scotland, specializing in marketing and is currently gaining exposure of the unique customer nuances of the varied markets. he is also involved in streamlining the finances of the group.
Patriarch of the family & Chairman of the Group endorses chosen principles and values which Utkal follows. With his distinguished business and social credentials, he has led and safe-guarded the treasured Utkal culture. A born entrepreneur, he initiated with humble beginnings. But his zeal, sheer grit and robust ethics steered him through the times to continuing trust and success. Of course, after four decades of a distinguished business career and leadership of a diversified business group, his enthusiasm remains fresh as ever.
Is an MBA from prestigious IMT, Ghaziabad specialising in Finance and a CFA from ICFAI. He is driving innovation and technology in the group’s operations. He is also actively involved in the group’s marketing plans.
Mr. Sharad Baid is the Managing Director of Utkal Builders & has earned his Masters in Business administration from Bond University, Australia. He specialises in Finance and Information systems.By spearheading new initiatives in Utkal Builders, Mr. Baid has enhanced the framework for strategic planning and project development. In addition, he plays a crucial role in the corporate branding & project marketing of the Group.
The visionary with a mission and an opportunity – guru, his insights are the engines of innovation and new businesses. His passion for opportunities is only matched with his perseverance to bring them to life. He has been the torch-bearer and the agent of evolution at the group. He has also served as the president of CREDAI, Odisha (2010-11).
Mr Rakesh Bhura holds the MBA degree from the Leeds University,UK. The youngest and the most dynamic among the directors he plays an important role in planning and execution at the site. He is actively involved in site execution,purchases & manpower management. He has his own innovative approach towards the projects and all his endeavours have been successful. Mr Bhura is the young promising face of Utkal Builders.
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.