Escalation cost by Society
Dear Sir,
I have a flat in 7 Hills Power welfare society, Narsingi Hyderabad. I had purchased this flat in 2011 as a fixed cost member with the sale agreement specifically calling it out that no escalation cost will be levied on the fixed cost members. There are variable cost members and they should be the one bearing the escalation cost.
Now the new EB, mostly variable cost members have passed a resolution in last GBM that the escalation cost of ₹134 per sft, to be borne by all the members, which seems to be illegal. The per sft paid by variable members are way lower than the fixed cost.
The fixed cost members have paid extra cost for car parking, amenities and plc which the variable members have not.
The flats are registered and there are many fixed cost members looking for legal advice to send notice to the EB.
Please let me know the next steps and if we could meet to oppose this legally.
Thanks
Sameer
Asked 5 years ago in Property Law
Religion: Hindu