By Admin 
Mumbai Real Estate News: A very shocking news has come out from the real estate world of Mumbai. Generally, in any housing society, flat owners have to pay maintenance charges every month, which is spent on expenses like security, staff salary, lift maintenance, electricity, cleaning and repair of common areas. But a society in South Mumbai has turned this system upside down. Instead of taking maintenance, she is paying around Rs 2.5 to 3 lakh every year to her flat owners.
This discussion is about the premium residential complex ‘Jolly Maker’ located at Kufe Parade. It is being claimed that this society remains in surplus even after bearing all its regular expenses and distributes the same extra income among the flat owners. This means that here the house has become not only a place to live but also a source of income.
money to live in society
This claim was shared by real estate and infrastructure content creator Vishal Bhargava in a viral Instagram video. According to him, when the flats of this project were being sold in the 1970s, a special offer was given to the buyers. Along with the flat, an option was given to take a stake in a commercial property in Nariman Point by paying an additional 40% amount. The same commercial property is earning huge rental income today. It is said that about Rs 50 lakh per month.
From this earning, the entire maintenance expenses of the society are covered and the remaining amount is distributed among the flat owners as annual ‘dividend’. If this model is correct, then it is a completely different and very unique example from the traditional housing society structure.
How is the society giving money?
However, this claim has not been independently confirmed. But Paytm founder Vijay Shekhar Sharma also shared this video and said, “You will not understand this mathematics, but it is true.”
If this model proves to be accurate, it shows how prudent investment in real estate and a mixed (residential + commercial) property structure can deliver extraordinary returns in the long run.
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