Development Rights- Who is entitle? Society or Member?

By Vimal Punamiya, FCA, LLB In respect of Tenants co-partnership co-operative societies, which are of the nature of “Flat Owners Societies” in which the flats are acquired by the society from the builder on ownership basis and thereafter Society is formed, and land is conveyed to the society and individual members acquire ownership rights

Impact of GST on Housing Societies

By Accommodation Times Bureau   Multiple taxes, even across state borders, has always been known to make trade in India expensive and complicated. GST (Goods and Services Tax) is a fiscal reform being made to introduce a single taxation system across the entire nation. Manufacture,distribution, and provision of goods and services, fields

No Stamp Duty on new flats acquired after redevelopment

By Accommodation Times Bureau According to circular No.K.5/Stamp-17/Pra.Kr.10/13/303/17 dated 30th March 2017, Department of Stamps, Inspector General of Registration & Controller of Stamps (Maharashtra State), there shall be no Stamp Duty payable on the areas previously held by the members of the society or areas of rehab in new construction. The circular says: It has

Non Occupancy Charges should be 10% of Service Charges By Societies

By Advocate S R Agarwal Accommodation Times Bureau The levy of non-occupation charges has been a controversial issue for a long time, which resulted into disputes between members and the Societies flooding the offices of the Deputy Registrar and the Courts. Therefore, attempts have been made by the State Govt from time to time to regulate it.

Car Parking on “First come First Served”

By Accommodation Times Bureau Although open parking space cannot be sold neither anything open to sky is saleable, according “Maharashtra Ownership & Apartments Act”. But the Society can rectify the act of the seller and allot the space in the name of the purchaser. It is interesting to know that society

New election procedure for cooperative housing societies

By Accommodation Times News Services By Sunil Deshmukh District Deputy Registrar (Retd.) For K.K. Ramani & Associates The Government of Maharashtra has amended the Maharashtra Cooperative Societies Act, 1960 in 2013 and introduced new election procedure for cooperative housing societies. We have explained the procedure as per the Act regarding elections to be conducted by