+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?