Bharathi, Apartment Resident
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sinking fund
Q: how frequently can a sinking fund be collected? Is there a limit(0.25% of construction cost) per annum? We have a association that tends to collect less maintenance charge but pops up with requests for sinking fund often. This is a result of builder not completing promised tasks and quality of construction is poor. We cannot sue the builder as the association is unable to tackle and doing improvements from the sinking fund.

Latest Answer: can i have details of sinking fund discussion, maintenance charge already keeps on increasing , how often this sinking fund be collected?

property tax
Q: I registered my apartment in Jun 2012 in Bangalore, off Bannerghatta Road. When I went to pay property tax, BBMP official told that I have to pay from 2008 since property tax has not been paid from 2008 by builder. How could the property be registered without tax paid receipt? With fine it comes to 80K now. builder has handed over flats from 2008 to 2012. Mine was the last in Jun 2012. I have the possession certifcate dated Jun2012. Came to know that BBMP will have difficulty in allotting a PID #. Please advice..

Latest Answer: Tx Rakesh. But how could they register without fulfilling the tax paid receipt. Looks like some duplicate receipt has been generated

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