Procedure for Self Redevelopment of housing societies in Maharashtra

By Dr Sanjay Chaturvedi, LLB, PhD Builders are not finding viable projects offered by housing societies in Maharashtra, are going in for self redevelopment. Due to slow down in market and new DCR where the redevelopment is not viable in Mumbai, housing societies in Maharashtra are going in for self redevelopment. Developing

Chapter II: Properties On The Plots Allotted By Cidco To Co-Operative Housing Societies

By Advocate S. R. Agarwal Besides leasing out the plots by CIDCO as tender plots as discussed in the earlier Article, plots are allotted by CIDCO to various groups at concessional rates, decided from time to time, including Housing Co-operative Societies formed by the persons of 15 years domicile in Maharashtra. As per

New Chapter: housing societies can conduct elections if less than 200 members

By Rohit Sharma MUMBAI: Now, the housing society can self-conduct elections of the committee if the society has less than or up to 200 Members, according to Maharashtra Co-operative Societies (Third Amendment) Act, 2018. “The Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further

Development Rights taxable In Case Of Housing Societies

By Accommodation Times Bureau Commissioner of Income Tax-18 Vs. Sambhaji Nagar Co-op. Hsg. Society Ltd., Income Tax Appeal No. 1356 of 2012   Introduction: In Mumbai, hundreds of Co-operative Housing Societies are functioning whose buildings have become old and dilapidated due to age. The societies lack finance and technical expertise to repair their buildings. The societies, therefore, seek the

Housing societies below 100 member may hold election on own

By Accommodation Times Bureau After several efforts from consumer activists, the state cabinet immune those cooperative housing societies who have less than 100 members may soon be allowed to hold elections itself rather than going to long process. “The decision of cabinet will have to enacted through amendment or ordinance of  Maharashtra

Maha state to have separate office for cooperative housing societies

By Accommodation Times Bureau MUMBAI The State Cooperation Minister, Subhash Deshmukh on Monday said that the Maharashtra government will set up a different office for issues related to cooperatives housing societies to safeguard the interest of residents. Deshmukh informed that “The new chapter will be ready in 3-4 months. Some new rules will

GST for Housing Societies in Maharashtra

By Accommodation Times Bureau Registration : A Co-op Hsg Society is required to be registered under GST if the Aggregate turnover exceeds Rs 20 lakhs annually. Aggregate turnover shall include all taxable and exempt services. Aggregate turnover means all billing other than Municipal Tax & Sinking Fund, but includes Interest received from