Maharashtra: Maintenance Charges Are Based On The Area Of A Flat

AccordingtoadirectivefromtheCommissioner&RegistrarofCooperativeSocieties inPune,maintenancefeesundertheMaharashtraApartmentOwnershipAct,1970, shallbedeterminedbythesizeofthehousingunit.Continuereadingtolearnhow therelocationwillaffectthehomeowners.

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AccordingtoadirectivefromtheCommissioner&RegistrarofCooperativeSocieties inPune,maintenancefeesforhomesintheStatecoveredbytheMaharashtra ApartmentOwnershipAct,1970,shallbecalculatedbasedonthesizeoftheunit. However,theCooperativeSocietiesActof1960doesnotapplytoapartmentsthat areregisteredunderthisdecree.

What Maharashtra laws apply to residential units?

TheCooperativeSocietiesActortheApartmentOwnershipActgovernresidential propertiesintheState.The50,000buildingsregisteredintheStateunderthe ApartmentOwnershipActwouldprofitfromthisinstruction.Over1.2lakh cooperativehousingsocietiesinMaharashtrawillbeunabletobenefitfromthe order,though.

A cooperative housing society: what exactly is it?

Acooperativehousingsocietyisaself-sufficientendeavourinwhichtheresident’s bandtogethertobuildacommunitybasedonfactorssuchasoccupation,location, orinterests,tomentionafew.TheCooperativeSocietiesAct,1960governs cooperativehousingsocieties,whichareparticularlycommoninMaharashtra.Selfredevelopmentisakeybenefitofsuchahousingsocietythatcontributestoprompt projectmaintenance,amongitsmanyotheradvantages.

How will homeowners benefit from the directive?

Previously,residentswererequiredtopayupkeepaccordingtotheirownership stakeinthebuilding'scommonareas,thenpaypersquarefoot.Landandbuildings areownedbytherelevantsocietyincooperativesocieties,notbyindividual members.Becauseofthis,regardlessofthesizeofahousingunit,themajorityof maintenancecostsaresplitevenlyamongallmembers.Accordingtothesample byelawsofcooperativehousingorganizations,thecostsarebrokendownintotheir componentparts.

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