Deepak
I am from Mumbai Maharashtra, would like to know with example how repair and sinking fund is calculated per month. It states some 0.75% per annum and 0.25% of construction cost but how it is calculated. Our society is new building developed in 2011 in Borivali area Mumbai. Please advise.
I C Naik
Practicing Architect certifies the construction cost for the purpose of calculating the rate of members’ contribution to their Society.