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

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->