Most of the flat owners living in big cities like Delhi-NCR, Mumbai, Bengaluru are troubled by the increasing maintenance charges every month. Thousands of rupees have to be paid to the society every month in the name of lift, security, parking, electricity and cleanliness. But if someone tells you that there is such a housing society in the country where neither maintenance charges nor any extra expenses have to be paid, but at the end of the year an amount of up to Rs 2.5 lakh comes into the account of the flat owners, then it may be difficult to believe. But this is the reality of Jolly Maker Society located in South Mumbai, which has changed the thinking of housing model.
Unique model of posh society of South Mumbai
Jolly Maker Tower of South Mumbai is in discussion these days. The reason for this is such a business model, in which flat owners earn an extra income of about Rs 2.5 lakh annually. Recently, Paytm founder Vijay Shekhar Sharma explained this unique arrangement through a video on the social media platform ‘X’, which went viral in no time. Thousands of people were surprised to see this model.
There is no word ‘maintenance charge’ here
While in areas like Cuffe Parade, Nariman Point one has to pay heavy maintenance every month, there is no concept of maintenance charge in Jolly Maker Tower. Security, cleaning, lift, staff and all other expenses are borne by the society itself. Not only this, profits are also given to flat owners at the end of the year.
The foundation was laid in the 1970s
This unique model was introduced in the 1970s. At that time, the builder had put a special condition while selling the flat that along with purchasing the flat, he would also have to take a stake in a commercial building located at Nariman Point. At that time this condition seemed like an extra burden to the people, but today the same decision is proving to be icing on the cake.
The entire system runs on rent
Today the rent from that commercial building at Nariman Point is around Rs 50 lakh per month. This amount goes directly into the account of Jolly Maker Society. The entire maintenance cost is covered with this money and the remaining amount is distributed among all the flat owners.
Not a house, but a profitable deal
Owning a home in Jolly Maker Tower is not just a living convenience but a smart investment. Here flat owners neither have to worry about expenses nor the hassle of maintenance. On the contrary, the earning of lakhs of rupees every year makes this society the most unique and famous housing society of Mumbai.
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