Hi, Please advice Is Corpus fund given for Extra Floor Space purchased or on Existing flat area ?

Q: Hi,
Please advice " Dose Corpus fund is given for Extra Floor Space being purchased or on Existing Area of flat " ?

Sudhang Gadkar,

17th August 2015

Other in Mumbai

corpus fund

floor space index

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Replies (1)

Hi Sudhang,
The extra perks that you get from builder varies, it depends on the popularity of the builder and his accomplishments. What you can do is to compare notes with other people and decide what is best for you. It is paid on the old carpet area. The corpus amount is worked out on the basis of Rs……..per sq.fts on the existing carpet area.

Sunil Joshi, Mumbai

17th August 2015

Comment

According to me, before you go for this kind of deal and investing huge for redevelopment, you should be aware of all the procedures and the paper work involved so that you are not misguided into losing that money that you have. I am not scaring you, but every member should have a proper knowledge if they have to want to do the whole thing on their own.

Shrikant Kejriwal, Mumbai

17th August 2015