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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement