Housing Society Sinking Fund: How It's Created & Rules 99% Don't Know

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Sinking Fund: Housing Societies' Mandatory Reserve for Major Repairs. 99% Don't Know!

Property Rules

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News18•08-03-2026, 12:22

Sinking Fund: Housing Societies' Mandatory Reserve for Major Repairs. 99% Don't Know!

•A Sinking Fund is a long-term reserve for major repairs, reconstruction, and extending building life.
•Mandatory for registered housing societies under Maharashtra Cooperative Housing Society Rules.
•Created by collecting a fixed monthly amount from members, decided at the Annual General Meeting (AGM).
•Rules suggest depositing at least 0.25% of the building's construction cost annually into the fund.
•Used only for major repairs (e.g., structural audit, lift replacement), not general expenses, requiring a General Meeting resolution.

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