SBP GROUP – Singla Builders & Promoters Ltd – SBP North Valley – Maintenance Charges issue

The maintenance charges were collected in advance for 02 years from residents at the time of offer of possession but as a matter of fact almost all the flats are still in construction phase for some or the other aspect. Now if we are still in construction phase then for what reason the maintenance charges are being utilized and so, no maintenance of equipment can be made in the construction phase. Thereby, we need the maintenance Income & Expense statement for each month and the basis of expenses being done and utilization of our Maintenance Fund.