SAHAKARSUTRA

 The Real Estate Regulatory Authority (RERA) in Maharashtra requires builders to obtain an Occupancy Certificate (OC) within three months. If a builder fails to do so, they may be fined.  Explanation The RERA Act requires builders to obtain an OC or Completion Certificate (CC) before handing over the property to the buyer.  The local municipal authorities issue the OC after inspecting the building and verifying compliance with building laws.  The process of getting an OC can take 30–60 days.  If a builder delays possession of the property, the buyer can file a grievance with the state RERA.  The RERA may order the builder to pay interest to the buyer for each month of delay.  The National Consumer Disputes Redressal Commission (NCDRC) may allow buyers to seek a refund if the delay is more than one year.

 

 

 

  The Maharashtra government has issued a government resolution (GR) to amend Maharashtra Cooperative Societies Act of 1960. One of the main amendments in the GR allows small cooperative housing societies (CHS) to conduct internal election for managing committee.  (Picture is representative in nature) "In section 73CB of the MCS Act, 1960 to sub-section (11), after the existing proviso, the following proviso shall be inserted, namely :— 'Provided further that, in case of housing society having less than or up to 200 Members, the elections of the Committee shall be conducted by the said housing society in the manner as may be prescribed,” the amendment says.   Among all cooperative societies in Maharashtra, cooperative housing societies are largest in number or constitute about 50% of the total societies. While affairs of the co-operative housing societies are distinct and peculiar, they were regulated in the same manner as per the general provisions of the said Act, as ap...