Maharashtra Drafts Rules Easing Co-op Housing Society Governance

25 Jun 2025 CW Team

Body Text:

The Maharashtra government has released draft regulations that aim to simplify cooperative-housing governance while reducing members’ costs and limiting official intervention.

Key proposals include cutting the annual interest on overdue member payments from twenty-one per cent to twelve per cent and permitting societies to borrow up to ten times the land value to finance self-redevelopment.

Annual general meetings could be attended either in person or virtually, provided at least two-thirds of members—or twenty people, whichever is lower—are present. If a meeting lacks a quorum, it may reconvene within seven to thirty days without one. Resolutions would require the support of fifty-one per cent of the entire membership, including online participants, and video recording would be mandatory for any redevelopment-related meeting.

With roughly 0.13 million societies housing more than twenty million members—around seventy per cent of them in the Mumbai Metropolitan Region—the rules also recognise ‘premises societies’ so that shops and other commercial units secure their rightful share in redevelopment projects. A new ‘provisional member’ category would grant nominees voting rights after a member’s death until full transfer is completed. Societies could record heirs’ nominations, though title transfer would still follow the standard procedure.

Common service charges must be split equally among flats, while water charges would depend on the number of taps. Sinking-fund contributions must equal at least 0.25 per cent of construction cost, and repair and maintenance funds must equal 0.75 per cent, collected annually.

Deputy registrar Kiran Sonawane, who helped draft the rules, said final revisions based on fewer than one hundred public submissions will be completed within eight days before legal vetting. By elevating items previously found only in model by-laws to formal rules, the government hopes to remove ambiguity and reduce the need for registrar intervention, which often leads to costly administrators being appointed.

Allowing loans worth ten times the land cost, officials added, will empower societies to pursue self-redevelopment or negotiate better terms with private builders.

Maharashtra housing societies, draft rules, interest rate cut, redevelopment loans, virtual AGMs, provisional members, sinking fund, maintenance charges, cooperative governance, Mumbai Metropolitan RegionBody Text:The Maharashtra government has released draft regulations that aim to simplify cooperative-housing governance while reducing members’ costs and limiting official intervention.Key proposals include cutting the annual interest on overdue member payments from twenty-one per cent to twelve per cent and permitting societies to borrow up to ten times the land value to finance self-redevelopment.Annual general meetings could be attended either in person or virtually, provided at least two-thirds of members—or twenty people, whichever is lower—are present. If a meeting lacks a quorum, it may reconvene within seven to thirty days without one. Resolutions would require the support of fifty-one per cent of the entire membership, including online participants, and video recording would be mandatory for any redevelopment-related meeting.With roughly 0.13 million societies housing more than twenty million members—around seventy per cent of them in the Mumbai Metropolitan Region—the rules also recognise ‘premises societies’ so that shops and other commercial units secure their rightful share in redevelopment projects. A new ‘provisional member’ category would grant nominees voting rights after a member’s death until full transfer is completed. Societies could record heirs’ nominations, though title transfer would still follow the standard procedure.Common service charges must be split equally among flats, while water charges would depend on the number of taps. Sinking-fund contributions must equal at least 0.25 per cent of construction cost, and repair and maintenance funds must equal 0.75 per cent, collected annually.Deputy registrar Kiran Sonawane, who helped draft the rules, said final revisions based on fewer than one hundred public submissions will be completed within eight days before legal vetting. By elevating items previously found only in model by-laws to formal rules, the government hopes to remove ambiguity and reduce the need for registrar intervention, which often leads to costly administrators being appointed.Allowing loans worth ten times the land cost, officials added, will empower societies to pursue self-redevelopment or negotiate better terms with private builders.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..