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HDFC income limits

Started by Verados
almost 10 years ago
Posts: 18
Member since: Nov 2015
Discussion about
How is your wage determined for HDFC buildings? I had 2 different jobs last year and my W2 income was under the required limit. This year I have a new salaried job that will be over the limit if I stay with them the entire year.
Response by semerun
almost 10 years ago
Posts: 571
Member since: Feb 2008

Each HDFC will have their own rules on how they implement the regulatory agreement for their building- and whether they consider your current income level in the calculations (most will). You also mentioned you had 2 jobs last year and a new one this year- which is 3 jobs in a short period. While HDFC's are a far more liberal form of co-op, many may express concern at the short duration of your jobs (and future ability to pay). Perhaps you have a very solid reason that justifies this- but you need to be aware that it could potentially be an issue.

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