Maharashtra Tightens Housing Society Redevelopment Rules; Registrar’s Officer Presence Made Mandatory For Developer Selection
Mumbai: The fate of redevelopment projects undertaken by cooperative housing societies will now come under closer scrutiny of the cooperative department, with the Registrar of Cooperative Societies’ authorised officer being made a mandatory presence during the process of selecting a developer. Special General Body Meeting Required For Developer Appointment The Maharashtra Government, through a…
Mumbai: The Maharashtra government has implemented new rules to tighten redevelopment processes of cooperative housing societies, placing more oversight on developer selection. The Registrar of Cooperative Societies' authorized officer must now attend Special General Body Meetings (SGM) to choose a developer, ensuring adherence to the process.
Compliance with these rules is mandatory, with consequences for non-compliance. Additionally, meetings must be video recorded, and the 51% membership approval requirement for developer selection has been enforced. The revised framework also mandates the availability of redevelopment-related documents to all members.
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