Current M & R Rates

Society Maintenance at NRI

Seawoods Estates Ltd. has initiated a Society Network portal www.apartmentadda.com
which will act as a single platform to manage entire activities related to your flat which
includes, but do not limit to, the Document repository, Helpdesk, Community Hall
Bookings, Guest house Booking, Move in, Payments, Residents Directory & more.

There is also a mobile App “ADDA” which can be downloaded on Android and IOS
mobiles from Play store and App store respectively.

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Online Payment Details

A/c No. : 386010200002653
A/c Name: Seawoods Estates Ltd,
Bank Name: Axis Bank Ltd,
IFSC Code: UTIB0000386
Type of Account: Current Account

MAINTENANCE CHARGES

  • In order to meet the expenditure for maintenance and up-gradation of the
    property, every member is required to pay quarterly Maintenance & Repair
    (M&R) charges, pro- rata to the built-up area of each flat. Under the current
    tax laws, GST is payable on the M&R charges.

  • Effective from 01 October 2015, current M&R rates are as under:
    – For Flats: Rs.31.50/M2 per month
    – For Shops: Rs.63.00/M2 per month

  • Non Occupancy Contribution: Rs.5/M2
    per month when flat is on rent

  • One Time Collection: For financing capital expenditure, the management
    collects funds by way of onetime payment. One-time collection was done in
    March 2016 for restoring the firefighting infrastructure. One time collection
    has been approved in the AGM 2017 for lifts up-gradation.

  • Raising funds by means of M&R charge and One Time Collection require
    approval of the shareholders in the AGM/EOGM. All other charges etc. are
    collected on the basis of decisions of the Board of Directors of the Company.

Pay Online Through "ADDA"

PAYMENTS OF BILLS

  • All payments to SEL can only be made by cheque, pay order, bank transfer
    and on ADDA App only. The M&R bills are sent by email through Apartment
    Adda on the registered email ids. Beginning from 1st October 2017, SEL will
    not send any bills by post. Normally bills are issued at the beginning of middle
    month of the quarter and if any member has not received it even after 6 weeks
    from the start of the quarter, she/he should write to SEL for a copy of the bill.

  • Due dates for payments of the quarterly bills are:
    Quarter                            Last Due Date
    January –March              31st March
    April – June                      30th June
    July – September            30th September
    October – December       31st December

  • Those paying online must intimate payment details by email to
    assistaccounts@nricomplex.in and CC to manageraccounts@nricomplex.in.


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