Our society is going for redevelopment. The secretary has decided to keep the corpus fund to be given by the developer upon doing the IOD. The developer has said that it will given unit holder. But the secretary has decided to keep the entire amount in the bank and use it for building the said redevelopment project in case, the developer runs away in midst of the project.
The rent that the developer is giving is low and we cannot afford current space in the same locality with the rent. Getting the Corpus Fund can help us maintain our lifestyle and needs. So, what should we do? Should we ask for our individual corpus fund or keep it with the secretary?
