As there are 2360 flats in the pocket, if we calculate, then This RWA will collect Rs1180000 as membership fee and Rs472000 per month as maintenance charge which is a huge amount, this is despite the fact that DDA has taken Rs 35.40 crores from the members of the society as advance maintenance charge. if we take interest at 8% per annum, then DDA is getting Rs 23.6 lacs per month interest on that amount forget about principal. and i think half of the interest amount is sufficient enough for maintenance.
So Some how i am smelling some corruption erupting out of this. DDA has already taken so much amount from us and this so formed RWA is also eying on around 5 lac collection per month and society condition is becoming horrible day by day.
So from experienced persons i would request please do suggest what can be done against this loot (what i feel).
My question is if RWA is taking care of maintenance then DDA should refund us Rs 150000 and if DDA is doing maintenance then RWA should not take money.
Please comment.
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