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Housing Association or Cooperative Society in India

Housing Association or Cooperative Society in India

An apartment or flat in a housing association is a self contained housing unit that forms part of a building/association. Cooperative Housing societies are primarily formed in India under State specific legislation to create democratic voluntary organizations that can regulate the functioning of the housing societies within the State. Different states in India have different rules guiding the formation of housing association or cooperative housing society in India. An apartment generally means a property that has direct exit to a road or to a common area leading to such road and the apartment along with common areas and facilities forms an independent residential unit and it may also include a flat. Housing associations are formed in India for ownership of an individual apartment and to make such apartment heritable and transferable property. Housing Societies are democratic organization where flat/apartment owners/members control the society, without any interference from developers or promoters. The concept of apartment association or housing society in India was born due to increasing population and growing need for housing. Housing associations are formed to govern rules regarding the common areas, facilities, and the percentage share of each apartment owner in the apartment building.

Housing associations in India work for the welfare of the residents. The benefit of registering properties under housing association/cooperative housing society is avoidance of disputes. Housing associations formed without registration cannot be termed as illegal per se but are rather considered as interim/ad-hoc/unregistered association. For NRIs who own apartments/flats in India, housing associations can cause real pain if you do not know how to manage your property. At HousingNinja, we have the best real estate professionals who can help with housing association or cooperative housing society formation in India. Our Partners resolve association disputes and will guide you in through every step of the registraion process. Forming an apartment association or housing society is the best option to deal with maintenance charges, member disputes and housing property heritance. Associations in India can be formed under co-operative housing society act, apartment association act, as a trust or also as a non-profitable company. If you need services related to housing association formation or cooperative housing disputes in India, then kindly Sign Up and fill out the housing association/cooperative society form.

You can also check out our Real Estate Forum to find general answers to housing association and cooperative housing society related questions.. If you need more real estate information, kindly check out our latest Blog section. We are constantly curating the best information and articles from multiple real estate professionals across India.