Interest fee

No Maintenance Fees Until Audited, Say Paradiso Residents | Gurgaon News

Gurgaon: A group of Chintels Paradiso residents of Sector 109 held a meeting on Saturday with representatives of the developer seeking to withhold the Common Area Maintenance (CAM) fee until the ongoing structural audit by IIT- Delhi is over.
Two residents died in a vertical collapse of the company’s Tower D lounges on February 10. The residents also demanded the developer avoid unauthorized use of the Rs 15 crore they deposited as an interest-free maintenance security fund (IFMS) and power infrastructure. charges when buying a property there.
“We have already paid CAM’s fees until March. For the following quarter, the developer has increased the amount. Since it is not clear whether the company is safe and habitable or not after the collapse, many do not have not paid the fee this time and are awaiting the IIT-Delhi report,” said resident Sandeep Barsaiyan.
Rakesh Hooda, the Chairman of RWA said, “The cost of the CAM should be borne by the developer until the time when IIT-Delhi submits the structural audit report. Additionally, the developer has raised around Rs.15 crore as IFMS funds and for construction of power infrastructure but this has not been completed so far. As a result, we face power cuts around 15-20 times a day. When contacted, a Chintels spokesperson said he was unable to comment on the matter as the matter was pending in court.