{"id":1305655,"date":"2026-02-10T08:57:06","date_gmt":"2026-02-10T03:27:06","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1305655"},"modified":"2026-02-10T08:57:23","modified_gmt":"2026-02-10T03:27:23","slug":"mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/","title":{"rendered":"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees"},"content":{"rendered":"\n

In a city where homes usually drain wallets month after month, one building has flipped the flow of money on its head.<\/em><\/p>\n\n\n\n

When Living pays You Back<\/strong><\/p>\n\n\n\n

In Mumbai, where homeowners routinely shoulder hefty monthly maintenance bills, a residential society in South Mumbai has sparked fascination for operating on an entirely different principle\u2014residents don\u2019t pay maintenance fees, they receive money instead. The society, Jolly Maker, is located in Cuffe Parade, one of the city\u2019s most expensive neighbourhoods, and has become a talking point online for its unusual financial model.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

According to claims circulating on social media, flat owners at Jolly Maker receive an annual payout of roughly Rs 2.5 lakh.<\/a> The arrangement came into the spotlight through an Instagram video by Vishal Bhargava, a content creator who focuses on real estate and infrastructure. In the video, Bhargava described the building as \u201cone of the most prestigious towers of Mumbai\u201d and said homeowners are paid by the society rather than charged for upkeep.<\/p>\n\n\n\n

\u201cGet paid Rs 2.5 lakh to stay in this building in Mumbai. Yes, the building society actually pays the homeowner to live here,\u201d Bhargava said. He added: \u201cIt\u2019s so rich that owners don\u2019t pay a maintenance fee to the society. Instead, the society pays every homeowner a dividend.\u201d<\/p>\n\n\n\n

Unlike most South Mumbai societies, where monthly maintenance charges can be substantial, Jolly Maker residents reportedly incur no such costs. Instead, they receive a year-end payout described as a dividend, funded by income generated by the society itself.<\/p>\n\n\n\n

A Deal from the Past, Buzz in the Present<\/strong><\/p>\n\n\n\n

Bhargava explained that the origins of this financial structure trace back to the 1970s. At the time, the builder selling apartments at Jolly Maker reportedly offered buyers an additional investment opportunity linked to another commercial property in Nariman Point.<\/p>\n\n\n\n

\u201cIn the 1970s, when the builder was selling apartments here, he gave an offer. Buy his other building at Nariman Point as well by paying 40% extra.\u201d Bhargava said. \u201cThat building today earns a rent of Rs 50 lakh per month, which is used for maintenance and paying back to the society.\u201d<\/p>\n\n\n\n

The video gained further traction after Paytm founder Vijay Shekhar Sharma reshared it on X, commenting: \u201cYou won\u2019t belive this math! And it is true\u201d. Online reactions ranged from admiration to disbelief. One user wrote, \u201cGood old-fashioned capitalism, market it and brand it the people will do the rest,\u201d while another joked, \u201cHaunted toh nahi (Is it haunted?)\u201d. Others questioned the numbers, saying, \u201cMath is not mathing.\u201d<\/p>\n\n\n\n

While the claims continue to circulate widely, Moneycontrol.com noted it could not independently verify their authenticity.<\/p>\n\n\n\n

In Mumbai\u2019s concrete jungle, this building stands as a reminder that sometimes, the walls work for you.<\/em><\/p>\n\n\n\n

Summary<\/strong><\/p>\n\n\n\n

A South Mumbai housing society, Jolly Maker in Cuffe Parade, has gone viral for reportedly paying residents instead of charging maintenance fees. Flat owners are said to receive around Rs 2.5 lakh annually, funded by rental income from a commercial property bought decades ago. While widely discussed online, the claims remain unverified, fuelling curiosity and debate.<\/p>\n\n\n\n

Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a city where homes usually drain wallets month after month, one building has flipped the flow of money on its head. When Living pays You Back In Mumbai, where homeowners routinely shoulder hefty monthly maintenance bills, a residential society in South Mumbai has sparked fascination for operating on an entirely different principle\u2014residents don\u2019t pay […]<\/p>\n","protected":false},"author":26,"featured_media":1306045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9410],"class_list":["post-1305655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mumbai-society"],"acf":[],"yoast_head":"\nMumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"In a city where homes usually drain wallets month after month, one building has flipped the flow of money on its head. When Living pays You Back In Mumbai, where homeowners routinely shoulder hefty monthly maintenance bills, a residential society in South Mumbai has sparked fascination for operating on an entirely different principle\u2014residents don\u2019t pay […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-10T03:27:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-10T03:27:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM-1024x651.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"651\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/\",\"url\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/\",\"name\":\"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png\",\"datePublished\":\"2026-02-10T03:27:06+00:00\",\"dateModified\":\"2026-02-10T03:27:23+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png\",\"width\":1986,\"height\":1262},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b\",\"name\":\"Rohit Kulkarni\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g\",\"caption\":\"Rohit Kulkarni\"},\"url\":\"https:\/\/trak.in\/stories\/author\/rohit-kulkarni\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/","og_locale":"en_US","og_type":"article","og_title":"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"In a city where homes usually drain wallets month after month, one building has flipped the flow of money on its head. When Living pays You Back In Mumbai, where homeowners routinely shoulder hefty monthly maintenance bills, a residential society in South Mumbai has sparked fascination for operating on an entirely different principle\u2014residents don\u2019t pay […]","og_url":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2026-02-10T03:27:06+00:00","article_modified_time":"2026-02-10T03:27:23+00:00","og_image":[{"width":1024,"height":651,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM-1024x651.png","type":"image\/png"}],"author":"Rohit Kulkarni","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rohit Kulkarni","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/","url":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/","name":"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png","datePublished":"2026-02-10T03:27:06+00:00","dateModified":"2026-02-10T03:27:23+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png","width":1986,"height":1262},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/mumbai-society-pays-rs-2-5-lakh-yr-to-owners-instead-of-charging-maintainence-fees\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"Mumbai Society Pays Rs 2.5 Lakh\/Yr To Owners, Instead Of Charging Maintainence Fees"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b","name":"Rohit Kulkarni","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g","caption":"Rohit Kulkarni"},"url":"https:\/\/trak.in\/stories\/author\/rohit-kulkarni\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-10-at-8.56.22-AM.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1305655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1305655"}],"version-history":[{"count":2,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1305655\/revisions"}],"predecessor-version":[{"id":1306046,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1305655\/revisions\/1306046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1306045"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1305655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1305655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1305655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}