Punjab Approves New Rules for Private Housing Societies

The Punjab government has recently approved significant changes to the regulations governing private housing societies. These amendments introduce new guidelines for plot cancellations, development work, and society management. Under these revised rules, housing societies are required to notify plot allottees prior to any cancellations.

The notices must be delivered via the Housing Society Management System and registered mail. Furthermore, societies must provide allottees with a minimum of two chances to settle any overdue plot installment payments. The new rules also state that plots cannot be canceled immediately upon unpaid development charges; at least two notices must be issued before such cancellations can occur.

These amendments extend to the submission of applications for new and revised housing schemes, which are now to be submitted through a centralized digital system. Additionally, the maximum size for residential plots within low-cost housing schemes has been established at five marlas. Housing societies found engaged in illegal development activities will face daily fines, which can range from Rs.

5,000 to Rs. 20,000. A further requirement of the new rules is the mandatory installation of underground electricity, internet, and other utility lines. Following the completion of development work, a seven-member management committee will be responsible for overseeing the society's affairs. This committee will consist of four residents' representatives and three representatives from the sponsor organization.