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Home > Forum > Bangalore > Buying property > Sinking furn introduction in Housing Society what are guidelines to follow and ref sites if nay

Sinking furn introduction in Housing Society what are guidelines to follow and ref sites if nay

Q: Introduction of sinking in housing societies , rules and guidlines to be followed

sinking fund
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Replies (2)
1
Hi Pai, You can check this article link Handover from builder and Corpus fund for Apartment maintenance for further information about sinking funds
Harsha Mahipal


2
In accordance to Co-operative Housing Societies, a sinking fund consists of contribution from all members, at the rate fixed at the General Body Meeting from time to time, subject to the minimum of of 0.25 percent per annum of the construction cost of each flat.
Mangal P


3

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