A co-operative society is best suitable for the residential building because of common needs like security guard, water connection etc. and interests like common area maintenance of the flat-owners. The builders or the flat-owners can promote for the co-operative housing society. Without the housing society, there will be disputes among the members or lack interest.
A co-operative society is the perfect fit for a residential building as flat-owners have common needs (water connection, watchmen, etc) and interests (maintenance of common areas, such as the terrace and compound). If you’ve purchased a flat in a new building, it would probably be best if you took interest in forming a society. The builder may also be statutorily obligated to form a society. For example, under Maharashtra Flat Ownership Act, 1963, a builder must form a society within four months of selling 60% of the flats.