Step-By-Step Guidelines For Self-Improvement In Maharashtra

Self-Improvement In Maharashtra: Self-redevelopment, a popular notion in Maharashtra, is a process in which citizens take on the responsibility of revitalising the community rather than the builder. The procedure ensures more control over the project and reduces the danger of delays and misappropriation of cash. provides a self-development guide in Maharashtra in accordance with the new Development Control Regulations (DCR).


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Delays in project delivery and a lack of trust in developers have forced several Maharashtra housing societies to resort to self-development. There are around 16,000 decaying co-operative housing societies in Mumbai alone, with over 750 opting for self-redevelopment. While the self-revamping approach ensures time-bound, cost-controlled, and predictable results as society members accept responsibility for project restoration, a few legal and technical problems may occur. As a result, as per the Government Resolution (GR) released in September 2019, below is a step-by-step roadmap to self-development in Maharashtra.


Step-by-step guidelines for self-improvement in Maharashtra


Obtain the permission of the members of the society.

The first stage is to obtain permission from the residents/members of society for self-development. To do this, societies must call a Special General Body Meeting and provide clear notice to all members as well as the local registrar, who will then send a representative to conduct the meeting.

According to the revised rules outlined in Section 79A of the Maharashtra Cooperative Societies Act, 1960, rehabilitation projects now require the approval of only 51 percent of unit owners, as compared to 70 percent previously. The acknowledgment should be sign by all willing participants, and a copy should be kept for future reference.


Obtain a feasibility report.

A structural study or feasibility report includes the existing building design, consumed Floor Space Index (FSI), carpet area of existing units, updated TDR, fungible FSI, current development rules, and project cost breakdown. The study is organise into three sections: technical feasibility, financial feasibility, and advantages from the concept, which includes the prospect of additional development for future sale.

Societies should employ an architect to create the report, which should then be sent to all society members.


Examine the critical papers

The conveyance deed must be in the name of the group. If the land to be redevelope belongs to the Maharashtra Housing and Development Entity (MHADA), the Collector, or any other authority, a No-Objection Certificate (NOC) from the owner is required.


Step-by-step guidelines for self-improvement in Maharashtra



Other papers required for the redevelopment process include:

  • Plan for Chain and Triangle Survey (CTS)
    7th/12th extract
    Remarks on the Development Plan
    E xisting authorised redevelopment plans
    The building’s occupancy certificate (OC)
    Financial statements for the previous three years that have been audited
    Copy of the most recent bylaws
    The society’s registration certificate
    Members of the committee
    Approved amenities copy
    Details about the setback area
    Measurements of the physical land area

·    Details about all society members, including the sizes of their residential units according to the real plan

Self-Improvement In Maharashtra: assemble a team of specialists

Having a team of professionals, such as a chartered accountant, legal counsel, and architect, saves time and reduces the possibility of error. For example, although a chartered accountant may help with accounting, income tax, and Goods and Services Tax (GST), a legal counsel can aid with RERA and other legal compliances. Bringing in a competent contractor is also critical for the society’s rehabilitation.

However, in this case, the society may delegate the task to an architect to finalise the contractor according to the budget, or it may choose the Development Model (DM), in which the builder manages the entire process, obtains all approvals and permissions, and takes a loan on behalf of the society while keeping only 20% of the total sale profit.


Self-Improvement In Maharashtra: Obtain approvals

“Obtaining permissions used to be a monumental task; however, the government has consented to provide single-window clearance for self-development projects in Maharashtra.” In general, self-development projects need 55-60 licences, including Coastal Regulation Zone (CRZ) clearance, Environmental Clearance, and NOCs from traffic, fire, defence, railroad, and aviation agencies, among others.”


Make financial arrangements.

To obtain a loan, the bank needs receive information from all members of the society. These include a company address, a native address, an Aadhaar card, and a PAN card. Copies of Income Tax Returns (ITRs) and pay slips are also require for members who do not file their ITRs. Furthermore, society must provide a facsimile of the agreements signed with architects, contractors, legal advisors, and chartered accountants.


Self-Improvement In Maharashtra: Furthermore, there must be no –

     ·Dues owed under the name of the society

     ·Residents’ outstanding maintenance costs

The highest credit amount available under the 2018 self-development initiative is Rs 50 crores. The loan under this arrangement is accessible for seven years, with a moratorium period of two years during which no payments are required to the bank. The loan duration for rehabilitation projects costing more than Rs 50 crores will be ten years. With a three-year initial moratorium period permitted.

Only the Mumbai District Central Co-operative Bank Ltd (MDCC Bank) now provides loans for self-development in Mumbai. It funds up to 95% of the entire project cost or Rs 110 crores, whichever is less. At a basic interest rate of 12.5 percent per year plus a one percent processing charge.



Make plans for temporary stays and meet the requirements.

Plan the residents’ temporary stay while the project is being constructed. Once the redevelopment begins, the architect must obtain Municipal Corporation permission for the new building plan. Complete all compliances, and have the society pay the premium costs.

Meanwhile, if any additional units are added with the aim to sell, the legal counsel must register the project under Maharashtra RERA.

After the project is complete, it is necessary to give over the new premises to members, close accounts, and file income tax and GST reports. Furthermore, while current residents are exempt from paying stamp duty. Owners of newly constructed apartments must pay the stamp duty and registration cost.


Self-Improvement In Maharashtra: Important considerations

In September 2019. The Maharashtra government released a new Government Resolution (GR) to provide many exemptions and incentives to societies who choose self-restoration. However, only cooperative housing societies registered under the Maharashtra Cooperative Societies Act. 1960 and built within the last 30 years are eligible.


Self-Improvement In Maharashtra : FSI standards

According to the new Government Resolution rules. A community that chooses self-restoration is entitled to an additional FSI of 10% beyond what it is entitled to under the area’s development laws.

Furthermore, the society is entitle to a reduction on the premiums paid for excess FSI.


Refund in TDRs


The costs for Transfer of Development Rights (TDS) would be 50% of the society’s usual fees.



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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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