Browsing Tag

cooperative society

2 posts
MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

Bombay High Court Empowers Homebuyers: Grants Deemed Conveyance Relief to Society, Reinforcing Flat Owners’ Right Against Builder Delays

Bombay High Court empowers housing societies by ordering deemed conveyance in Kartik Regency case, ruling that builder defaults trigger statutory relief under MOFA — a blueprint for thousands facing non-conveyance issues.
In a landmark verdict, Bombay High Court has quashed orders allowing a few members to split Jay Anand Co-operative Housing Society and take separate land papers, ruling that small groups cannot force bifurcation without 75% majority consent or genuine public interest.

MahaRERA’s Rule on Housing Society Formation: A Guide for Homebuyers in Maharashtra

Under MahaRERA guidelines, developers must enable the formation of a housing society or legal entity within three months from when 51% of apartments are booked or upon receiving the Occupancy Certificate (OC). This provision, per Section 11(4)(e) of the RERA Act, empowers homebuyers by shifting control from promoters to residents.