LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Good news for Mumbai homebuyers: Housing societies can't charge over Rs 25,000 on resale homes

Here is good news for those who want to buy resale houses in Mumbai. Now, housing cooperative societies cannot charge you arbitrarily in the name of membership and its transfer.  The societies cannot charge more than Rs 25,000 from resale homebuyers. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Good news for Mumbai homebuyers: Housing societies can't charge over Rs 25,000 on resale homes
Last month, the Bombay High Court had ruled that the housing societies cannot be cancelled if some members carry out unauthorised construction within their respective flats.Representational Image/DNA
Written By: ZeeBiz WebTeam
Updated: Wed, Aug 22, 2018
05:06 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
IndiGo's select flights from Mumbai Airport from March 10 IndiGo's select flights from Mumbai Airport from March 10
Taxi, auto-rickshaws fares to go up in this city—check new price and how much you will have to shell out now Taxi, auto-rickshaws fares to go up in this city—check new price and how much you will have to shell out now
Local train services in Mumbai to resume for all from Feb 1 Local train services in Mumbai to resume for all from Feb 1
Bullet Train: Undersea tunnel! Here is latest news update on Mumbai-Ahmedabad High Speed Rail Bullet Train: Undersea tunnel! Here is latest news update on Mumbai-Ahmedabad High Speed Rail
Mumbai real estate, homebuyers alert! BIG RECORD in property sales in City of Dreams amid Covid-19 - TOP REASONS REVEALED here Mumbai real estate, homebuyers alert! BIG RECORD in property sales in City of Dreams amid Covid-19 - TOP REASONS REVEALED here

Here is good news for those who want to buy resale houses in Mumbai. Now, housing cooperative societies cannot charge you arbitrarily in the name of membership and its transfer.  The societies cannot charge more than Rs 25,000 from resale homebuyers. This decision was taken by the Commission for Corporation in the wake of mounting complaints against the housing societies, reports Zee Business TV. In the fresh decision, the Commissioner has also said that any complaint by the home buyer against the society will be heard by the deputy district registrar, not in court. This will help save the time for home buyers and also keep a check on arbitrary housing societies. 

Cooperative housing societies can't charge more than Rs 25,000 for membership on resale flats pic.twitter.com/MJeLjlLQRN

— Zee Business (@ZeeBusiness) August 22, 2018

Illegal construction
Last month, the Bombay High Court had ruled that the housing societies cannot be cancelled if some members carry out unauthorised construction within their respective flats. “In my view, registration of society granted under the provisions of the Maharashtra Co-operative Societies Act, 1960 cannot be set aside on the ground that a few members of the society had carried out unauthorised constructions in their respective flats,” Hindustan Times had quoted justice RD Dhanuka.

Adarsh Case
In another case, a special CBI court today allowed the Adarsh Housing Society to withdraw Rs 1 crore from its bank accounts after accepting as security the plot of the 31-storey building here that is caught in a dispute over flat allotments and environmental clearance. Special CBI Judge P K Sharma ordered for defreezing the society's three bank accounts earlier this month so that the applicant (the society) can use the money for maintenance of the building and the litigation cost.

In January 2011, CBI had frozen these bank accounts after registering a case against 14 accused, including several members of the society. The plush 31-storey building, located at Colaba in south Mumbai, is embroiled in a controversy since 2011 with the Centre ordering its demolition for violating environmental norms and the Defence Ministry claiming ownership of the land where the building stands. (With PTI inputs)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Mumbai
RELATED NEWS
IndiGo's select flights from Mumbai Airport from March 10 IndiGo's select flights from Mumbai Airport from March 10
Taxi, auto-rickshaws fares to go up in this city—check new price and how much you will have to shell out now Taxi, auto-rickshaws fares to go up in this city—check new price and how much you will have to shell out now
Local train services in Mumbai to resume for all from Feb 1 Local train services in Mumbai to resume for all from Feb 1
Bullet Train: Undersea tunnel! Here is latest news update on Mumbai-Ahmedabad High Speed Rail Bullet Train: Undersea tunnel! Here is latest news update on Mumbai-Ahmedabad High Speed Rail
Mumbai real estate, homebuyers alert! BIG RECORD in property sales in City of Dreams amid Covid-19 - TOP REASONS REVEALED here Mumbai real estate, homebuyers alert! BIG RECORD in property sales in City of Dreams amid Covid-19 - TOP REASONS REVEALED here

LATEST NEWS

SBI Share Price: Investors Alert! Maximise your profit, market experts have this advice for you

LPG price rising, but gas cylinder booking becomes easier; customers can order refill from three dealers at the same time soon

Heranba IPO Allotment Status: Finalised! Didn't get shares? Waiting for refund? Know this important date

NEET 2021 exam date latest update: Candidates don't miss! Check this big update

Adani Ports share price: Jefferies maintains buy rating with price target of Rs 670

IRCTC Share Price: This Multibagger stock soars to near life-time highs! You can make money from it too, check what experts said

Easy Trip Planners IPO: Retail Investors waiting for this new IPO coming next week

Stocks in Focus on March 4: MTAR IPO, IRCON, Adani Ports, IB Housing to Deepak Nitrite; here are the 5 Newsmakers of the Day

NEET 2021 exam: Latest news on exam date, registration details and all one needs to know for appearing in the exam!

EPFO interest rate today: Retirement fund body likely to make announcement on EPF deposits' interest rate for FY 21

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved