The Maharashtra government has unveiled the Draft Maharashtra Cooperative Societies Rules, aiming to streamline the governance and operations of cooperative housing societies. This move is expected to bring more transparency and efficiency to the real estate sector.
Cooperative Housing SocietiesReal EstateMaharashtraGovernanceRedevelopmentReal Estate MaharashtraJul 03, 2025
The key highlights include a transparent bidding process for builder selection, enhanced financial transparency, regular maintenance of common areas, and a grievance redressal mechanism.
Housing societies will be required to maintain detailed financial records and make them accessible to all members. A regulatory body will also oversee financial operations.
The draft rules mandate that housing societies allocate a portion of their funds for the regular maintenance and repair of common facilities like lifts, gardens, and parking areas.
Housing societies will be required to establish a grievance redressal mechanism to address any complaints or issues raised by members, ensuring timely and fair resolution of conflicts.
The government is currently inviting feedback from stakeholders. Once the feedback period is over, the government will review the comments and make necessary amendments before finalizing and implementing the rules.
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