Home Urban Infrastructure News Realty News About 3,000 societies in Pune can seek reconstruction

    About 3,000 societies in Pune can seek reconstruction

    Maharashtra Cooperative Housing Society

    The redevelopment rules in Maharashtra Cooperative Housing Society Act and the Maharashtra Apartment Ownership Act were recently amended. The move is expected to speed up reconstruction of old buildings. Earlier, projects would get delayed even if a single resident opposed it.

    Vice-chairman of Maharashtra State Cooperative Housing Federation and chairman of Pune district Cooperative Housing Federation Suhas Patwardhan told TOI that new rule will help old societies that had to wait for nearly 3/4th or 70% owners’ consent for redevelopment.

    “The amendment will help approximately 30% of cooperative housing societies move ahead with redevelopment that was till now held up due to non-cooperation from some members. In Pune district, around 6,000 cooperative housing societies of the 16,000 registered societies are seeking redevelopment,’’ Patwardhan said.

    D Kale, a resident of a 12-block housing society that is 50 years old, said the new rules would help in speedy implementation of redevelopment. Charuhas Vaidya from Sridhar Nilay Housing Society in Bibvewadi said their 30-year-old society needed redevelopment. “There are 16 flats and approvals from half the members would help take the plans forward,’’ he added.

    Credai Pune president Shantilal Kataria said the 51% consent will help more societies pitch for redevelopment. “However, developers would want full approval once they undertake the project. Mumbai societies need redevelopment immediately, Pune will need it in the next 5 to 10 years,” he said.

    Grahak Manch member Vijay Sagar said the amendment would give builders a free run. ‘Owners, especially senior citizens, will be upset,’’ he said.

    Info- https://realty.economictimes


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