Maharashtra: Maintenance Charges Are Based On The Area Of A Flat
According to a directive from the Commissioner & Registrar of Cooperative Societies in Pune, maintenance fees under the Maharashtra Apartment Ownership Act, 1970, shall be determined by the size of the housing unit. Continue reading to learn how the relocation will affect the homeowners.
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According to a directive from the Commissioner & Registrar of Cooperative Societies in Pune, maintenance fees for homes in the State covered by the Maharashtra Apartment Ownership Act, 1970, shall be calculated based on the size of the unit. However, the Cooperative Societies Act of 1960 does not apply to apartments that are register under this decree.
What Maharashtra laws apply to residential units?
The Cooperative Societies Act or the Apartment Ownership Act govern residential properties in the State. The 50,000 buildings registered in the State under the Apartment Ownership Act would profit from this instruction. Over 1.2 lakh cooperative housing societies in Maharashtra will be unable to benefit from the order, though.
A cooperative housing society: what exactly is it?
A cooperative housing society is a self-sufficient endeavour in which the resident’s band together to build a community based on factors such as occupation, location, or interests, to mention a few. The Cooperative Societies Act, 1960 governs cooperative housing societies, which are particularly common in Maharashtra. Self-redevelopment is a key benefit of such a housing society that contributes to prompt project maintenance, among its many other advantages.
How will homeowners benefit from the directive?
Previously, residents were require to pay upkeep according to their ownership stake in the building’s common areas, then pay per square foot. Land and buildings are own by the relevant society in cooperative societies, not by individual members. Because of this, regardless of the size of a housing unit. The majority of maintenance costs are split even all members. According to the sample byelaws of cooperative housing organizations, the costs are broke down into their component parts.
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