WHY CO-OPERATIVE HOUSING SOCIETY?
WHY CO-OPERATIVE HOUSING SOCIETY?
While booking a flat – you cannot focus only on owning your own home. You have to focus on how you can live a comfortable life in your own home – in your housing scheme. The best & the only way to enjoy a comfortable life in your own flat is to form a Co-Operative Housing Society and manage it well.
while booking a flat & registering flat agreement – first time home buyers give least importance to whether the builder is going to form a Co-Operative Housing Society or an Association of Apartments. Including how much the builder is charging to form it.
However, after flat
possession, some flat buyers understand the benefits of a Co-Operative Housing
Society and to correct their mistake – start fighting with the builders.
Instead of that – before booking a flat – if you
confirm that the builder is going to form a Co-Operative Housing Society – you
can live a comfortable life & earn good property appreciation if you manage
your society.well.
Co-Operative Housing Society is better than
Association of Apartments for 2 reasons –
1) Ownership
2) Management
Housing scheme is a collective living –
community living – living in a group.
If the ownership of the entire housing scheme – all buildings & the plot of land – is with a community – means with a Co-Operative Housing Society – maintaining society & developing community life becomes essential & easy. That’s why Maharashtra Government has passed cooperative law & developed entire system to support smooth functioning of Co-Operative Housing Societies.
Including a special court.
Against this – in an Association of Apartments –
the ownership of a flat & equal share of a plot – is with individual flat
buyers. This is inorganic &unnatural.
Along with legal system, there are service
providers who specialize in maintaining the property and managing accounts of a
Co-operative Housing Society.