Overview Snapshot Under Rule 106C-12 of Chapter XI-B, Maharashtra housing societies must split maintenance charges using a prescribed basis for each component, not a single formula. Service charges split equally per flat, while sinking fund and repair and maintenance fund contributions are subject to minimum percentages of each flat’s certified construction cost. Insurance and major repair charges follow carpet-area-based apportionment. The Bill That Never Quite Adds Up the Way People Expect A resident in a 450 square foot flat and a resident in a 1200 square foot flat compare maintenance bills one evening, the way neighbours do. The lift charge... Continue reading