REGISTRATION OF HOUSING SOCIETY (PART 5)

GUIDELINES FOR REGISTRATION OF CO-OPERATIVE

HOUSING SOCIETY

DEFINATION OF HOUSING SOCIETY:

As per section 2(16 of MCS Act, 1960,” Housing society” means a society, the  object of which is to provide its members with open plots for housing, dwelling houses of flats; or if open plots, the dwelling houses or flats are already acquit, to provide its members common amenities and services.

TYPES OF CO-OP. HOUSING SOCIETIES

There are different types of Co-op. Housing society such as:

(1)   OPEN PLOT SOCIETIES: Society in which members desires to purchase or take on lease land on which building or buildings are proposed to be constructed, known as OPEN PLOT SOCIETY. The Building is constructed by the Society themselves.

(2)   FLAT OWNERS SOCIETISE: Societies consisting of purchasers of flats under

Agreements entered into with builder under Section 4 of the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963, known as FLAT OWNERS SOCIETY. Here the Builder or the Developer constructs the building and sells the individual flats to different persons. Later, all the flat purchasers come together and from the societies.

(3)   TENANTS SOCIETIES: Societies formed by tenants of the landlords who had constructed the building/ buildings and had let out the flats therein, known as TENANTS SOCIETY.

(4)   HOUSING BOARD SOCIETY: Societies formed by allotees of flats in buildings constructed by the Bombay Housing and Area Development Board know as HOUSING BOARD SOCIETIES.