Handover from builder and Corpus fund for Apartment maintenance - 0 views
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abhilasha singh on 06 Feb 10The apartment owners association plays vital role in maintaining apartment and its amenities. But before the formation of apartment owners association, it is duty of builder to maintain the apartment and its amenities. Most developers provide a corpus fund for maintenance of apartment and its amenities. The builder collects maintenance fund from each buyer which will not be shown in basic sales price of an apartment. The maintenance fund collected from each apartment owners is deposited as corpus fund. Understanding the process of Handover from builder and Corpus fund for Apartment maintenance after the handover.