Sinking Fund in a Mumbai Housing Society: What to Ask
Buying a resale flat in Mumbai? See what a society sinking fund and repair fund are and the questions to ask about accounts, levies and dues.
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Banke India · Mumbai Housing Societies Sinking Fund and Repair Fund in a Mumbai Housing Society: What Buyers Should Ask When you buy a resale flat in a Mumbai cooperative housing society, you also buy a share in the building's future repair bills. A society that has set money aside is in a different position from one that has not. This guide is for buyers of resale flats and for members who want to understand what a sinking fund and a repair fund are, how they appear in society accounts,
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