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

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Next Story
Infrastructure Energy

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Next Story
Infrastructure Urban

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement