suryadhakray 18 November 2016
Ms.Usha Kapoor (CEO) 18 November 2016
Yes! It;s mandatory to register a COPERATIVE hOUSNG SOCIEY. THE FOLLOWING ARE THE BENEFITS OF A COOPERATIVE hOUSING SOCIETY..If you appreciate this answer plese convey forum thnaks by clickingf thanks.
A cooperative housing society is a set-up formed through mutual cooperation and consent of a number of members. The members have a sense of community spirit and camaraderie which most of the independent residents miss out on.
PropGuide shares a few benefits of living in a cooperative housing society.
Affordability
A cooperative housing society is owned by the members of the society, who control the entire financial framework of the society.
With minimal down payments, lower closing cost and longer mortgage term, cooperative housing societies are affordable than any other independent ownership.
Democratic management
A cooperative housing society is run democratically with every member being a share-holder. The society is managed by the members who are unanimously elected through ballot process.
Secure and stable investment
Investing in a cooperative housing society is a secure real estate investment. A member of the society can live in it for as long as he wishes to. Even if you don’t reside in it, you can generate regular income by leasing or renting it out.
Shared responsibilities
In a cooperative housing society, members usually have very limited direct maintenance responsibilities. Cooperative association is responsible for major repairs, modifications, insurance and replacements in the housing society. All the members of the housing society pay the maintenance charges for the services availed of in the society.
Better amenities
A cooperative housing society give its members ample opportunity to pursue their hobbies and skills. Residents get access to a number of facilities such as swimming pool, spacious parks, and club membership etc.
Kishor Mehta (CEO) 18 November 2016
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 18 November 2016
1. Majority of the Coop. Housing Societies are a bee-hive of arrogancy, corruption, mismanagement, infighting and dictatorship.
2. The above is evident from the scores of litigancy pending before the Cooperative authorities /courts, since ages.
Keep Smiling .... Hemant Agarwal
VISIT: https://www.maharashtra-society-help-forum.com
Kumar Doab (FIN) 18 November 2016
Agreed with Precise suggestion by experts Mr. Kishore Mehta, Mr. Hemant Agarwal.
GOPAL VANJANI 18 November 2016
It is mandatory to register a cooperative housing society. However in respect of societies formed under Maharashtra Apartment Ownership Act 1970, once a Deed of Declaration is registered by the Developer/builder, then it is not necessary to register the society again. The DOD contains the Bye-laws also under which all the purchasers become members automatically and they are bound to follow the bye-laws. However legally such societies are very weak so far as implementation is concerned because of certain infirmties in the provisions of the Act. The Act does not clarify as to what are the powers of the executive body if any member does not pay the maintenance charges for common fund. The result is that in every society formed under this Act in Maharashtra there are ample number of defaulters and the President or the Secretary of the Society is unable to take any action against them in the absence of any law backing. Can anyone sugguest a better way out so that the societies formed under this Act function smoothly. The State government must pay due attention on this acpect as the provisions of the Act deserve to be amended suitably. The suggestions are invited on this aspect from members of the club.
Kumar Doab (FIN) 18 November 2016
Mr. Gopal vanjani:
You have come to the right forum and fortunately experts Mr. Kishore Mehta, Mr. Hemant Agarwal are posting in this thread.
They are well informed and experts in such matters.
You can beenfit from their advise.
@ Mr. Gopal
Kindly give your suggestion to Govt of Maharashtra on this portal
https://aaplesarkar.maharashtra.gov.in/en/
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See people say there is no use of giving suggestions etc. Still, I went and gave suggestions one here and other at PMO in two different subjects, concern things were adopted , I am sure similarly many may have suggested same thing which I may have suggested but just seating idle and not doing anything you won't get anything.
A child too requires crying so mother knows the child is hungry.
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Kumar Doab (FIN) 21 November 2016
Post your suggestion like Mr. Madhu.
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