Housing societies in Pune struggle with shrinking coffers – ET RealEstate

PUNE: Many housing societies are struggling to meet increased expenses, with limited funds at their disposal.

“There are many members who have not paid society charges since March. They have rented out their properties while living in other cities. We tried to get in touch with them, but in vain. There has been added expenses of purchasing sanitising materials, getting the entire premises santised, but there has been no extra inflow. Our funds are running frightfully low over the course of eight months,” said a member of a multi-wing housing society in NIBM.

“Efficient and intelligent management of funds is key for all housing societies,” said Suhas Patwardhan, chairman, Pune District Cooperative Housing Federation.

“We want to increase the maintenance fee but to get members to agree to it is a major problem. People are budgeting with pay cuts and money flow is low in every household. They don’t want extra expenses. As such, many societies are cutting corners when it comes to proper sanitisation,” said a management committee member of a single-building housing society in Kondhwa.

A member of another housing society in Salunke Vihar, said, “Residents are helping out by making a conscious effort to paying their maintenance fees. But we had to fire one-fourth of our staff since we could not afford salaries.”

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