Maha Cooperatives commissioner in Pune probes 462 administrators
Real Estate

Maha Cooperatives commissioner in Pune probes 462 administrators

The state cooperatives commissioner in Pune directed his Konkan area joint registrar to carry out a detailed inquiry of 462 administrators, whose temporary appointment to several societies in the absence of management committees or elections is delayed for a long time.

According to the commissioner, there is news that throughout the tenure of these administrators, a few societies took huge financial decisions, like redevelopment by new builders.

Anil Kawde said that he wants the senior officials in the department to examine the ex gratia that officials are receiving from the societies, the significant decisions they have taken like redevelopment or building repair in the absence of management committees, the amount distributed by them to their subordinates in the society, the letters or documents they have written about these decisions, and irregularities or corruption in each financial dealing that they might be liable for during their tenures.

A committee of core leaders would be appointed to conduct a detailed investigation, and submission of a report is needed within 15 days.

During the Covid-19 pandemic, the media reports revealed 42 registrars across MMR had appointed administrators to nearly 500 cooperative housing societies in the area.

According to Ashish Shelar, BJP leader and MLA, more than Rs 2,000 crore worth of redevelopment was at stake because a move started to take the common Mumbaikars right in cooperation with real estate developers.

Society associations like MahaSewa demanded an immediate stop on redevelopment projects initiated without the approval of the AGM or an appointed managing committee.

Jeby Patel of the All India CHS Welfare Association said an FIR should be filed against those officials who served in violation of society laws to support real estate developers.

Image Source

The state cooperatives commissioner in Pune directed his Konkan area joint registrar to carry out a detailed inquiry of 462 administrators, whose temporary appointment to several societies in the absence of management committees or elections is delayed for a long time. According to the commissioner, there is news that throughout the tenure of these administrators, a few societies took huge financial decisions, like redevelopment by new builders. Anil Kawde said that he wants the senior officials in the department to examine the ex gratia that officials are receiving from the societies, the significant decisions they have taken like redevelopment or building repair in the absence of management committees, the amount distributed by them to their subordinates in the society, the letters or documents they have written about these decisions, and irregularities or corruption in each financial dealing that they might be liable for during their tenures. A committee of core leaders would be appointed to conduct a detailed investigation, and submission of a report is needed within 15 days. During the Covid-19 pandemic, the media reports revealed 42 registrars across MMR had appointed administrators to nearly 500 cooperative housing societies in the area. According to Ashish Shelar, BJP leader and MLA, more than Rs 2,000 crore worth of redevelopment was at stake because a move started to take the common Mumbaikars right in cooperation with real estate developers. Society associations like MahaSewa demanded an immediate stop on redevelopment projects initiated without the approval of the AGM or an appointed managing committee. Jeby Patel of the All India CHS Welfare Association said an FIR should be filed against those officials who served in violation of society laws to support real estate developers. Image Source

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

-->