Mumbai Housing Society That Pays Residents ₹2.5 Lakh a Year Leaves Internet Stunned; Paytm Founder Says, “You Won’t Believe This Math”
Mumbai Housing Society That Pays Residents ₹2.5 Lakh a Year Leaves Internet Stunned; Paytm Founder Says, “You Won’t Believe This Math”
Mumbai’s real estate stories usually revolve around sky-high rents, shrinking apartments, and endless house-hunting woes. But a recent revelation from South Mumbai has flipped that familiar narrative on its head — and the internet can’t stop talking about it.
A video shared by real-estate content creator Vishal Bhargava has gone viral after he revealed the extraordinary financial model of a premium housing society in Cuffe Parade, one of the city’s most expensive localities. The society, known as Jolly Maker, doesn’t charge its residents maintenance fees. Instead, it does something almost unheard of in Mumbai — it pays its residents.
According to homeowners in the society receive an annual payout of nearly ₹2.5 lakh. “Get paid Rs 2.5 lakh to stay in this building in Mumbai. Yes, the building society actually pays the homeowner to live here,” he said in the video.
He further explained that the society is financially strong enough that residents are completely spared from paying maintenance charges. “It’s so rich that owners don’t pay a maintenance fee to the society. Instead, the society pays every homeowner a dividend,” Bhargava added.
The roots of this unusual setup go back to the 1970s, when the apartments were first sold. Bhargava explained that the builder had offered buyers a bundled investment deal at the time. “In 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,” he noted.
That additional investment turned out to be a masterstroke. The commercial property at Nariman Point now reportedly earns a monthly rental income of around ₹50 lakh. This revenue is used not only to cover the housing society’s expenses but also to distribute annual payouts to its members.
The video quickly sparked widespread reactions online, with many users expressing disbelief and admiration. One user commented, “Wow!!! Nariman point is also a good location to invest probably.” Another wrote, “Good old fashioned capitalism, market it and brand it the people will do the rest.” A third reaction read, “Well planned in advance, society’s owners of 7-8 floors at Nariman Bhavan Nariman Point, collected monthly charges are sufficient to run owners society yet saving.”
The story even caught the attention of Paytm founder Vijay Shekhar Sharma, who reacted to the video on X. Sharing his amazement, he wrote, “You won’t believe this math! And it is true.”
