Draft Rules To Modernise Maharashtra Housing Societies
Real Estate

Draft Rules To Modernise Maharashtra Housing Societies

Maharashtra is poised to overhaul the way its 0.125 million co-operative housing societies—home to about 20 million people—are run. The Draft Maharashtra Co-operative Societies Rules, 2025, released for public comment on 15 April, promises digital-friendly governance, clearer redevelopment norms and less day-to-day State intervention. Below are the key proposals.

The one-off society registration fee would double to Rs 5,000, reflecting higher administrative costs. Annual General Meetings could be held online, provided at least two-thirds—or twenty—members join, and resolutions would need a simple majority of 51 per cent.

Managing committees could authorise urgent spending up to Rs 0.3 million without convening a general body, and fill casual vacancies without registrar approval. A formal name-reservation process replaces the old ad-hoc system.

For redevelopment, societies may raise bank finance up to ten times the land value, strengthening their bargaining power and supporting self-redevelopment. Every redevelopment meeting must give fourteen days’ notice, be video-recorded and include a registrar’s representative when appointing a builder.

A new “premised society” category would fold shop and office units into the co-operative so that they gain a statutory share in future redevelopment benefits.

Service charges for common areas would be split equally across flats, irrespective of size, while water charges would depend on tap count. Non-occupancy levies remain capped at ten per cent of service charges. Annual collections must include a sinking fund of at least 0.25 per cent and a repair fund of 0.75 per cent of construction cost.

Interest on overdue member dues is slated to fall from 21 per cent to 12 per cent, easing financial pressure on residents. A “provisional member” status would give a deceased owner’s nominee voting rights until legal transfer of title.

After public feedback is incorporated, the rules will go to the Co-operation Department for vetting and subsequent notification, paving the way for virtual AGMs, faster decisions and transparent redevelopment across the State.

Maharashtra is poised to overhaul the way its 0.125 million co-operative housing societies—home to about 20 million people—are run. The Draft Maharashtra Co-operative Societies Rules, 2025, released for public comment on 15 April, promises digital-friendly governance, clearer redevelopment norms and less day-to-day State intervention. Below are the key proposals.The one-off society registration fee would double to Rs 5,000, reflecting higher administrative costs. Annual General Meetings could be held online, provided at least two-thirds—or twenty—members join, and resolutions would need a simple majority of 51 per cent.Managing committees could authorise urgent spending up to Rs 0.3 million without convening a general body, and fill casual vacancies without registrar approval. A formal name-reservation process replaces the old ad-hoc system.For redevelopment, societies may raise bank finance up to ten times the land value, strengthening their bargaining power and supporting self-redevelopment. Every redevelopment meeting must give fourteen days’ notice, be video-recorded and include a registrar’s representative when appointing a builder.A new “premised society” category would fold shop and office units into the co-operative so that they gain a statutory share in future redevelopment benefits.Service charges for common areas would be split equally across flats, irrespective of size, while water charges would depend on tap count. Non-occupancy levies remain capped at ten per cent of service charges. Annual collections must include a sinking fund of at least 0.25 per cent and a repair fund of 0.75 per cent of construction cost.Interest on overdue member dues is slated to fall from 21 per cent to 12 per cent, easing financial pressure on residents. A “provisional member” status would give a deceased owner’s nominee voting rights until legal transfer of title.After public feedback is incorporated, the rules will go to the Co-operation Department for vetting and subsequent notification, paving the way for virtual AGMs, faster decisions and transparent redevelopment across the State.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement