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Do we Need Corpus Fund for Open Plots?

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0 2024-07-12T10:11:42+00:00
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Hi, I do not think a corpus fund is needed for open plots. A corpus fund is used to cover the costs of a facility management and supervision company that looks after maintenance, cleaning, servicing, common areas, amenities, and light bills. The building's square footage determines the corpus funds. In accordance with societal norms and regulations, it might begin with Rs 10,000 and go up to Rs 1 lakh. 

A society's members are required to pay this sum.

I hope this helps!

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