Structural audits are crucial for the safety of buildings, especially older structures in cities like Mumbai. A report classifying a building as C1 can have […]
Category: Real Estate News
Can a Non-Resident Member Be Elected to the Managing Committee of a Housing Society?
One of the most commonly asked questions in cooperative housing societies is whether a member who does not reside in the society premises can contest […]
Can UPI Be Used for Paying Monthly Maintenance Bills in Housing Societies?
In the digital age, convenience and speed are key factors influencing how we handle financial transactions. Housing societies are no exception. As online payments become […]
Can a Housing Society Committee Be Penalised for Not Providing Audited Balance Sheets to a Member?
Transparency and accountability are core principles in the functioning of cooperative housing societies. Members have a legal right to access certain documents, including audited balance […]
Who Should Sign Share Certificates in a Housing Society?
In cooperative housing societies, share certificates are a key legal document that confirms the ownership of shares by a member. These certificates not only prove […]
Benefits of Joint Ownership in Property: Tax, Loan, Legal & Practical Gains
Buying a property, especially in a high-value market like Mumbai, is often a major financial decision. One of the most effective ways to manage this […]
Can Housing Society Issue Consolidated Bills Without Break up of Maintenance Charges
One common grievance among members of cooperative housing societies is the lack of transparency in maintenance bills. Often, societies issue consolidated bills under the generic […]
Can the Secretary and Chairman Resign at the Same Time in a Housing Society?
In a cooperative housing society, situations may arise where the Secretary and the Chairman wish to resign simultaneously. This is legally permissible and the Maharashtra […]
What Is Corpus Fund in Housing Societies and When Should the Builder Pay It?
A corpus fund is a significant financial component in housing society redevelopment or new housing projects, especially in cities like Mumbai, Pune, and other parts […]
Election of Board Members in a Condominium: Can Authority Letters Override Bye-Laws?
In Maharashtra, condominiums are governed by the Maharashtra Apartment Ownership Act, 1970 (MAOA). Unlike cooperative housing societies, which are governed by the Maharashtra Cooperative Societies […]