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!
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
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
Airbnb in Housing Society- Rules and Legality Guide
Many residents today are exploring extra income through short-term rentals, but Airbnb in housing society often leads to complaints or even legal notices. The biggest concern is whether it is allowed and how it affects safety and community living. Airbnb is not automatically illegal in In
Renewal of Society Registration in Odisha
Lack of timely compliance can put a society’s legal status and daily operations at risk, making the renewal of society registration in Odisha essential for continuity. It is a mandatory process every five years under applicable laws to keep society legally active. Timely renewal helps avo
Renewal of Society Registration in UP
Delays in the renewal of society registration in UP can lead to legal complications, banking issues, and loss of credibility for the society. Renewal ensures the society remains legally active and compliant. The registration must be renewed every 5 years by paying a ₹500 fee and submittin