Browsing Tag

cooperative society

3 posts
In a landmark ruling, Bombay HC has termed the 2020 auction of NSEL-attached land a “scam within a scam”. A 35-acre Haryana plot valued at ₹60 crore was sold for just ₹10 crore amid rigged valuation, fake publicity and collusion. Court orders fresh transparent auction and returns buyer’s money.

Bombay High Court Orders Probe Against Deputy Registrar Over Political Influence in Coop Society

“In a sharp rebuke to political meddling in cooperative societies, the Bombay High Court has restored the elected managing committee of a Borivali housing society and directed the state to probe the Deputy Registrar for acting under external influence.”
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.
Housing Societies Can Claim Tax Relief on Interest Only from These Banks – Mumbai ITAT restores case of Chembur society and directs fresh verification as per Supreme Court judgment.

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.