Who will be responsible for the Maintenance of the Complex after the Builders have completed work?
Within one year of handing over the Apartments, a Society of Apartment Owners will be formed as per the prevailing practice in such projects. Once the work is completed, this Society will be responsible for all maintenance work and common expenses. The common expense amount will have to be paid each month by the Apartment owners whether they occupy by the Flat or not. This will be approximately Rs.750 per month. Each Owner will have to pay a one-time Maintenance Deposit, and the Bank interest earned on this Deposit will be utilized for the above mentioned purposes.
