Repairs, Major Repairs, Sinking and Education Funds

Summary

Repairs & Maintenance Fund: rate fixed by the general body, minimum 0.75% per year of the construction cost of each flat. Major Repairs Fund: as required, pro-rata on area. Sinking Fund: minimum 0.25% per year of construction cost (excluding land), as certified by the architect. Education & Training Fund: Rs. 10 per flat per month or as decided.