Benefits of Housing Society Registration

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Readers, welcome back! From this article, we are conveying to the readers the benefits of Housing Registration, among many other things that every person who buys a flat, row house or shop should be aware of their rights. Readers can also share information with others.

When to register a housing society?

The builder has a number of responsibilities when setting up every housing project, one of which is to register a housing organization. If 51% of the total flats in the housing project or building are sold, then the registration of the housing society is binding on the builder within the next 4 months. Housing associations can be registered even during construction. Also, even if the occupancy certificate has not been received, the housing society can be registered. It is in the interest of the Unit Holders (Flat holders, Shop holders) to register a housing society as soon as possible. Being registered as a housing organization does not mean that the builder has been relieved of his other responsibilities. The builder is bound by the provisions of the MOFA Act and the RERA Act.

• See here the difference between Apartment and Co-operative housing society.

At least how many flats are registered as housing societies?

In a housing project which has only 5 flats, all the 5 flat owners can come together and register a housing society. At least five or 51 per cent of the total Unit Holders (Flat holders, Shop holders) in the project can come together and register a housing society.

What to do with housing if there are several buildings in the same project?

As the buildings are completed, different housing associations of each building can be registered or the best option is to make the tenants of the completed building members of the registered organization. It is always best to have a single registered entity in the entire project, if there is more than one housing entity, the ownership and management of the shared facilities has to be done by setting up a housing association.

Benefits of Housing Society Registration: It is very useful and beneficial to set up a housing society as early as possible. Let’s look at some of the benefits.

• Housing Society is an association of flat holders. Organization is the power, unity is the strength. The housing society is a highway for the Unit Holders (Flat holders, Shop holders) to come together and acquire all the rights and services from the builder. The builder was not allowed to let the flat owners come together without registering the housing society, they wanted to be left alone therefore he does not let the housing society to registered.
• Land can be acquired in the name of the housing society within 4 months after registration. The builder cannot change the construction plan if the land is in the name of the organization. The builder cannot claim the incremental floor area index (FSI) as well as It also easy to prevent the extra construction over the building without the permission of registered housing society.
• Click here for Society registration.
• Allocation of parking is the responsibility of the housing society. Builders defraud many flat holders by selling or allocating parking. that fraud can be avoided.
• If you want to sell a flat, the builder asks for lakhs of rupees for a No-Objection Certificate. If the housing society is registered, this type can be prevented if the housing society is registered.
• If the builder is not fulfilling his responsibilities, it is easier for you all to take legal action against him.
• If the housing society registration is done, then Unit holders do not have to pay for the maintenance to the builder. When the builder takes money for maintenance, he spends the money arbitrarily. The cost of maintenance can be saved by setting up a housing society. If water is not provided by the local authority, the necessary documents are prepared to recover the cost of water from the builder from the beginning, so it’s possible to recover the same.
• If the project is RERA registered and if the builder is not in a position to complete the project, it helps to complete the project itself through the housing organization.
• If the housing society is registered, it is easy to collect maintenance from the flat owners from the very beginning and it is also easy to recover from those flat owners who do not pay maintenance.
• Maintenance of unsold flats can be recovered from the builder.
• See this Article how builder scam you.

If the builder is asking for maintenance, insist on setting up a housing society without paying maintenance. If the housing society is refusing to set up, then 51% of the flat owners should come together and register the housing society without the help of the builder. In many places the builder kept the work unfinished, so the flat holders take the wrong step to avoid registering the organization or running the organization. So they had huge losses. The judgment can be obtained from the competent court by sending a legal notice to the builder regarding the unfinished work of the builder.

Register a housing organization and relax for the most part!

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