Guide to Change from Condominium to Housing Society
The procedure to convert condominium to society in Maharashtra requires only 51% approval from apartment owners. This significant change was introduced by the 2018 amendment to the Maharashtra Apartment Ownership Act, 1970. It simplified the process for condominium reside
Condominium vs Apartment- Major Differences, Pros and Cons
The Indian real estate market, especially Mumbai, has seen amazing growth over the past few years, and the most recent launch is an excellent example of this growth as 1,100 luxury units in a premium condominium complex priced at ₹7 crore each sold out a mere three days after launch!
Bye laws of Cooperative Housing Society- Rules and Regulations
The bylaws play an important role in a housing society. They help to regulate the people in the society as well as run the society. All these rules and regulations that the society has set are to ensure that the functionality of the society and daily activities are properly maintained so
GST on Apartment Maintenance Charges- Rates and Applicability
Maintenance Charges are the contributions that apartment buildings or Resident Welfare Associations (RWAs) receive from the residents in order to fund the maintenance and oversight of shared facilities. These costs often cover cleaning, safety, and maintenance of common areas such as swim
Housing Society Income Tax- Rules, Tax Slabs, ITR Filing
Managing finances in a housing society is a complex process. Members of the society contribute the major chunk of income for different purposes such as maintenance charges, property tax, fund allocation, and municipal taxes. Such incomes are not taxable. However, as per the Income Tax Act
Redevelopment of Housing Society: Process, Rules, Challenges
Have you ever wondered how old housing societies transform into modern and useful living areas? Redevelopment of a housing society gives new life to old buildings and makes them safer while providing residents with better services. Let’s have a look at the basics of redev
Supreme Court Judgement on Commercial Use of Residential Property
The Supreme Court judgement on commercial use of residential property in India has clarified that using residential premises for business is subject to strict zoning rules, approvals, and permissions. For residents and societies, this means checking usage rights, ensuring legal compliance
Water Supply in Housing Societies- Problems and Smart Management
Water supply in housing societies is a daily concern for many residents in India. Irregular supply, tanker dependence, and rising costs make it stressful to manage. Managing water supply in housing societies is not just about availability but also about efficiency and fairness. The soluti