Pune | 09 Feb, 2021 (7 months, 1 week ago)

Property Law

Society formation charges

Hi, I bought an 2000 sqft NA plot in a gated community spanning over 33 acres. There are amenities being provided by the builder/promoter of the said land. They will be starting to ask for maintenance charges for 1 year at 1rs /sqft once all the work is done from their side( as per RERA, scheduled to be completed by June 2021). They are also asking us to pay 35000 rs as a charge from all the plot owners to form a society after a period of 1 year (most likely by June 2022) once the maintenance period is over. There are a total of 400 plots, which means builder would be collecting around 1.4 cr from us in the name of society formation charges. Is this legal to ask this much amount for the formation of society? If no, what are the actual charges for this?
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