In India, builders collect maintenance charges until the housing society is formed. The amount varies, typically covering common area maintenance, security, and amenities. I once asked my lawyer friend, what percentage of maintenance goes to the builder in India? He said builders get about 0.75% of each apartment\'s building cost annually in maintenance fees.
Builders may retain a portion for initial maintenance, but once the society takes charge, funds should be transferred to the association’s account.
Generally, maintenance is calculated per square foot and is legally required to be used for upkeep, not builder profits.
You should verify agreements and ensure transparency in fund allocation before possession to avoid disputes.
Pay Your Society Maintenance via NoBroker App and Earn Cashback.
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Is GST applicable on maintenance charges collected by builders?
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How much maintenance amount go to the builders account?
Sharad
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10 months
2025-02-05T09:09:11+00:00 2025-02-05T09:09:12+00:00Comment
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