Maharashtra proposes new rules for cooperative housing societies
Real Estate

Maharashtra proposes new rules for cooperative housing societies

The Maharashtra government has unveiled the Draft Maharashtra Cooperative Societies Rules, 2025, proposing a major revamp of housing society governance. Open for public feedback since 15 April, the draft aims to modernise operations and boost transparency across 1.25 lakh housing societies, largely in the Mumbai Metropolitan Region.

Key changes include allowing virtual AGMs with a quorum of two-thirds or 20 members, whichever is lower, and enabling simple majority decisions. Managing committees may approve one-time expenses up to Rs.3 lakh and fill vacancies without registrar approval.

For redevelopment, societies can raise loans up to 10 times the land cost, with mandatory video-recorded meetings and registrar presence during builder selection. Other proposals include uniform service charges, reduced interest on dues (from 21 to 12 per cent), and provisional membership with voting rights for legal heirs.

The draft will be finalised following public consultation and departmental approval.

The Maharashtra government has unveiled the Draft Maharashtra Cooperative Societies Rules, 2025, proposing a major revamp of housing society governance. Open for public feedback since 15 April, the draft aims to modernise operations and boost transparency across 1.25 lakh housing societies, largely in the Mumbai Metropolitan Region. Key changes include allowing virtual AGMs with a quorum of two-thirds or 20 members, whichever is lower, and enabling simple majority decisions. Managing committees may approve one-time expenses up to Rs.3 lakh and fill vacancies without registrar approval.For redevelopment, societies can raise loans up to 10 times the land cost, with mandatory video-recorded meetings and registrar presence during builder selection. Other proposals include uniform service charges, reduced interest on dues (from 21 to 12 per cent), and provisional membership with voting rights for legal heirs. The draft will be finalised following public consultation and departmental approval.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?