In a city where rising maintenance costs and expensive living have become the norm, one Mumbai housing society has completely flipped the script. Instead of residents paying maintenance every month, this society pays its residents nearly ₹2.5 lakh annually — making it one of the most unique residential models in India.
This unbelievable system isn’t a scam or a gimmick — it’s the result of smart long-term planning, visionary investment, and community-driven financial thinking.
✨ Highlights at a Glance
- 🏠 Residents receive ₹2.5 lakh per year
- ❌ No maintenance charges at all
- 📍 Located in Cuffe Parade, South Mumbai
- 🏢 Income generated from commercial property investment
- 📊 Long-term planning done in the 1970s
- 🔥 Model went viral on social media
- 💬 Reacted to by Paytm founder Vijay Shekhar Sharma
🏙️ A Society That Pays Its Residents
Unlike normal housing societies where residents pay monthly charges for maintenance, this Mumbai society has created a rare financial model where residents receive money instead of paying it. Every year, residents get around ₹2.5 lakh, turning their homes into a source of income rather than expense. It’s a powerful example of how housing can become an asset, not just shelter.
📍 Located in Elite Cuffe Parade
The society, known as Jolly Maker, is situated in Cuffe Parade, one of South Mumbai’s most premium and expensive localities. This makes the model even more remarkable — combining luxury living with financial benefits. Living in a prime location while earning from your residence is almost unheard of in urban India.
📹 The Viral Video That Shocked the Internet
The story came into the public eye after a real estate content creator shared a video explaining how the society functions. The video quickly went viral, with thousands of people reacting in disbelief and admiration. Many called it the smartest housing model in India.
💸 Zero Maintenance Burden
Residents of the society do not pay any maintenance charges. Daily expenses such as building upkeep, staff salaries, repairs, and management costs are all covered through society income. On top of that, residents still receive an annual payout — making it a financially stress-free lifestyle.
🏢 Visionary Planning from the 1970s
The roots of this model go back to the 1970s, when buyers were offered an opportunity to invest in a commercial property along with purchasing their flats. That decision, made decades ago, laid the foundation for today’s financial success and sustainability of the society.
📊 Income from Nariman Point Commercial Property
The commercial building located in Nariman Point generates massive rental income, which is used to fund society expenses and resident payouts. This steady revenue stream has created a self-sustaining financial ecosystem that supports the society year after year.
💬 National Attention After Paytm Founder’s Reaction
The model gained even more attention after Paytm founder Vijay Shekhar Sharma reacted to the viral video, calling the concept unbelievable but true. His reaction pushed the story into national headlines and made it a symbol of smart community investment.
source:
🏙️ Mumbai Housing Society That Pays Residents ₹2.5 Lakh a Year Instead of Charging Maintenance 💰