Financial Deficit and Incorrect Calculation
A financial dispute has emerged at Casagrand Supremus, with the new management committee announcing a ₹25 lakh deficit, citing inaccurate forecasting. However, former office bearers have challenged this claim, arguing that the deficit was already accounted for and a budget proposal of ₹2.7 per sq. ft. was previously suggested—but rejected by the current committee.
As the community grapples with unclear financial planning, residents are now questioning whether responsible payers are being unfairly penalized for the poor management of funds and outstanding dues from defaulters.
Defaulters and Rental Dues: The Real Picture
One of the primary contributors to the deficit is long-term defaulters who have failed to clear their outstanding dues.
- The current management claims to have reduced defaulters to 74, but it must be noted that the previous team had already reduced this number from 296 to 126.
- Unpaid rental dues from commercial spaces have further widened the financial gap.
Loss Due to Reduced Commercial Rents
Another contentious decision was the reduction of commercial rents by the new management—leading to an estimated loss of ₹2 lakhs.
- Former office bearers had ensured that the full rental amount was collected without reductions, ensuring stable revenue for the association.
- The current management’s decision to lower rents has only worsened the financial situation.
Proposed Financial Solution: A Fair Plan or an Overcharge?
To bridge the financial deficit, the current committee has proposed a one-time charge of ₹1.17 per sq. ft., along with a fixed charge of ₹298.76 per unit.
- This additional invoice is set to be issued on March 9, 2025, with a payment deadline of April 30, 2025.
However, a closer look at the numbers reveals a major discrepancy:
- Total Deficit: ₹25,22,460
- Collection from Defaulters: ₹15,87,043
- Rental Dues Recoverable: ₹5,00,000
- Actual Remaining Deficit: ₹4,35,417
Despite this, the new committee plans to collect ₹10,94,120—more than double the actual shortfall.
This has raised alarms among residents, with many questioning why responsible payers are being forced to bear an unjustified financial burden.
Shifting the Burden: Who Really Pays?
The new management came to power under the promise of “Vote for Change”, but what change are they bringing?
- A proposal to increase maintenance charges has already been published.
- The committee is introducing a hybrid maintenance model, labeling capital expenses under different names.
- 2BHK and 3BHK Elite owners are now covering the financial burden of 56 Signature apartment owners (Block 14 and Block 6).
When the previous management committee stepped down:
- They had already cleared October 2024 maintenance.
- 80% of November 2024 expenses were covered using the OND 2024–25 quarterly collection (₹2.25 per sq. ft.).
- To efficiently run the Supremus community, ₹22 lakhs per month is required.
- By November 12, 2024, when the accounts were handed over to the new team, there was a bank balance of ₹28 lakhs.
This amount was more than enough to cover the remaining 20% of November expenses and fully fund December’s maintenance.
Yet, within a short span of time, the community has been pushed into a financial deficit—raising serious concerns about poor financial planning and mismanagement by the new committee.
Are Responsible Payers Being Punished for Poor Financial Management?
This situation raises a fundamental question:
Why are prompt payers being forced to compensate for financial mismanagement and unpaid dues?
- Instead of burdening responsible residents, shouldn’t the association focus on recovering 100% of outstanding dues from defaulters and rental payments?
- Is this how financially responsible residents should be treated?
Residents Await Clarity and Action
As concerns over financial transparency grow, residents are demanding answers:
- Will the management reconsider its decision and provide a more accurate financial explanation?
- Will there be an effort to recover unpaid dues instead of penalizing responsible payers?
- How will future financial planning be handled to prevent further deficits?
With frustration building, the coming weeks are expected to see strong reactions from residents, as they demand accountability, fairness, and proper financial governance.
Will the management listen, or will responsible residents continue to bear the cost of poor financial decisions? The community now awaits a clear response.
