A South Mumbai society has reversed this system. Instead of charging maintenance fees, it pays its flat owners around 2.5 to 3 lakh rupees per year.

An amount of Rs 3 lakh is being given every year to the residents of a society in Mumbai.

Mumbai Real Estate News: Shocking news has emerged from the real estate world of Mumbai. Typically, flat owners in any housing society are required to pay monthly maintenance charges, which cover expenses such as security, staff salaries, elevator maintenance, electricity for common areas, cleaning, and repairs. However, a South Mumbai society has reversed this system. Instead of charging maintenance fees, it pays its flat owners approximately 2.5 to 3 lakh rupees annually.

This discussion is about the premium residential complex "Jolly Maker" located on Cuffe Parade. It is claimed that the society generates a surplus even after meeting all its regular expenses and distributes this surplus income among the flat owners. This means that homes here have become not just a place to live but also a source of income.

Money to live in society

This claim was shared by real estate and infrastructure content creator Vishal Bhargava in a viral Instagram video. According to him, when flats in this project were being sold in the 1970s, buyers were given a special offer: By paying an additional 40% of the flat price, they were given the option to acquire a share in a commercial property in Nariman Point. This same commercial property is now generating substantial rental income, reportedly around 50 lakh rupees per month.

The society's entire maintenance expenses are covered from this income, and the remaining amount is distributed to the flat owners as an annual "dividend." If this model is correct, it represents a radical departure from the traditional housing society structure and a unique example.

How is society giving money?

While this claim has not been independently verified, Paytm founder Vijay Shekhar Sharma also shared the video, saying, "You may not understand the math, but it's true."

If this model proves to be completely correct, it shows how prudent real estate investments and a mixed (residential + commercial) property structure can deliver exceptional returns in the long run.