Housing society redevelopment is a significant decision that directly affects the rights, financial interests and future living conditions of every member. However, for large housing […]
Category: Real Estate News
Co-operative Courts Can Hear Internal Redevelopment Disputes: Bombay HC
The Bombay High Court has clarified that co-operative courts have jurisdiction to hear internal procedural disputes within a housing society, even when the dispute arises […]
Maharashtra Revised Redevelopment Rules: 2-Year Completion Timeline
The Maharashtra government has introduced a revised framework for redevelopment of cooperative housing societies, replacing the redevelopment framework issued in 2019. One of the most […]
Dispute Resolutions in Housing Societies
Members of cooperative housing societies often face disputes relating to membership, maintenance dues, managing committee functioning, recovery, transfer of flats, elections, audit and the day-to-day […]
Capital vs Revenue Expenditure in Cooperative Housing Societies
For a cooperative housing society, proper accounting of expenditure is essential to present a true and fair picture of its financial position. Every amount spent […]
Redevelopment SGBM Rules: Online Attendance, Quorum & Registrar NOC
The procedure for redevelopment of cooperative housing societies has undergone an important change following the amendment to the Maharashtra Cooperative Societies Rules, 1961, notified on […]
3% Carpet Area Tolerance in Redevelopment: Can Society Members Oppose the Clause?
Redevelopment of a cooperative housing society involves several important negotiations between the society and the developer. While members generally focus on additional carpet area, corpus, […]
Can a Society Get Deemed Conveyance Without OC for Redevelopment?
Many housing societies across Mumbai face redevelopment hurdles because either the Occupancy Certificate (OC) or Conveyance is missing. The key question is whether redevelopment can […]
Home Loan Subvention Schemes: Risks, RBI Rules & Buyer Rights
Home loan subvention schemes were once aggressively marketed by real estate developers as an attractive way for buyers to purchase homes without the immediate burden […]
Can a Builder Demand the Balance Payment and Clubhouse Charges Before OC?
A homebuyer cannot be compelled to accept “fit-out possession” as a substitute for legal possession. Where the agreement for sale provides for possession after completion […]