What are non-occupancy charges and who pays them?
One of the most common reasons for a home buyer to invest in a property is to lease it out and earn money from it. However, in case this property is belonging to a … READ FULL STORY
Legal
Tag: Maharashtra Cooperative Societies Act
Property Trends
Maintenance aspect and laws governing plants at home
With cities becoming increasingly polluted, many home owners are turning to gardening, by keeping small plants at home, to provide some greenery. However, installing plants at home also means that one needs to know … READ FULL STORY
Must Knows
Maharashtra Cooperative Societies Act: Main facts
India has nearly 900,000 cooperatives societies, the highest in the world. In fact, cooperatives societies account for nearly 20% of the country’s gross domestic product. Of this, Maharashtra has 2.3 lakh cooperative societies, with … READ FULL STORY
Legal
Tips for home buyers considering properties under redevelopment projects
‘Redevelopment’ is rather unexplored by most home owners, because of the legal ambiguities around the concept. Redevelopment refers to the refurbishment of an existing property. It can be an exhaustive process, due to the … READ FULL STORY
Property Trends
Can housing societies issue moral, ethical and social diktats?
Instances where housing societies and residents’ welfare associations (RWAs) start issuing moral, ethical and social diktats to the residents, are not uncommon. People, who are single or lead an independent lifestyle, often bear the … READ FULL STORY
Must Knows
Maharashtra self-redevelopment scheme: All you need to know about it
In cities like Mumbai, land is very scarce but the demand for housing is growing continuously. Moreover, some of the buildings in Mumbai and in other cities, have outlived their useful life and pose … READ FULL STORY
Must Knows
Society transfer charges: How much can housing societies charge, as per the law?
Among the many expenses that home buyers have to bear, are the transfer charges that cooperative housing societies charge on the sale and transfer of shares and rights to the flats in a building. … READ FULL STORY
Coronavirus
Coronavirus: What should newly-built housing complexes with no society in place do?
In a bid to control the Coronavirus outbreak, the Indian prime minister ordered a 21-day lockdown that started on March 25, 2020, which has now been extended till May 3, 2020. Social distancing, which … READ FULL STORY
Current News
19 housing societies in Mumbai’s Vasai get notices for denying membership rights to non-Catholics
The sub-registrar of societies in Vasai division, has served notices to 19 cooperative housing societies, after receiving a complaint that these housing societies were preventing non-Catholics from renting, purchasing flats or becoming members. These … READ FULL STORY
Rent
Does the law permit discrimination against single tenants?
Sumit Dewan, aged 24, who came to Mumbai for his training after completing his graduation in architecture, spent two months searching for a rental house, in vain. Everyone refused him a flat, as he … READ FULL STORY
Legal
Victory for cooperative societies, as Supreme Court approves the principle of mutuality, for CHS income
The Supreme Court (SC) of India recently provided a big relief to cooperative societies (societies), by dismissing the claim of the income tax authorities on levy of tax on various receipts (for example, non-occupancy … READ FULL STORY
Legal
CHS funds: Investment avenues available under the Maharashtra Cooperative Societies Act 1960
As per the provisions of the Maharashtra Cooperative Societies Act 1960, cooperative housing societies in the state have to invest their surplus funds that are not required. Also, the rules covering the products in … READ FULL STORY
Current News
Maharashtra to have separate office for cooperative housing societies
A separate office for cooperative housing societies will be set up, to expedite issues related to registration, deemed conveyance, redevelopment, land ownership and the like, Maharashtra’s cooperation minister, Subhash Deshmukh announced on April 9, … READ FULL STORY
