What are the ways of generating money for the apartment association?

Q: What are the different ways your association is generating money apart from the regular maintenance collection from the owners?

For example: Providing notice board ad space to an ad agency , ad kiosk

Srikanth Bhushan, Apartment Resident

13th September 2015

Neighborhood Issues in Bannerghatta Road, Bangalore

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Introduce many events and ask sponsorship from different companies.
Ad Charges
Lease out your club hall for external parties.

Ravindra kaushik,

2nd August 2016

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We have a mobile application specifically for apartment if they want to MAKE ADDITIONAL INCOME.
The way it works is that the apartment staff (maids, car cleaners,plumbers,electricians etc) are registered on the mobile application. Their details of FREE time and tasks type are entered in the application. So every time these resources perform tasks a part of their payment goes to society. This not only gives the additional income to resources but also give apartment association an earning potential of Rs 30,000 per month at minimum. AND ALL THIS AT ABSOLUTELY NO COST.

Gowrish Rai, Apartment Resident

31st January 2016

Comment

There are the usual ways, Charging for maintenance, but all this is done by most, try organizing drives and other event. The youngsters can do a car wash drive and take money from all the members, wash their cars. Have a Community fair, call a few friends from outside have tables with snacks and give coupons to play games, This is not just fun but also brings the community together.

sudhanshu, Mumbai

20th November 2015

Comment

Hi Srikanth,

There are many ways of generating money from apartment association such as Maintenance charge
amenities charges
corpus fund
water charges
Notice board & Ads charges
Move in/out charges
Garden charges
AGM (annual general meeting) Event charges

Promit C, Bangalore

14th September 2015

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