Maharashtra Cooperative Housing Society Building Redevelopment guidelines: The redevelopment of Cooperative Housing Society buildings in Maharashtra is governed by various guidelines and regulations. The process is designed to facilitate the reconstruction or redevelopment of older buildings, often in a manner that benefits both the existing members and the developers involved.
Here are some key guidelines for the redevelopment of Cooperative Housing Society buildings in Maharashtra:

1. Consent of the Members:
   • The redevelopment process usually begins with obtaining the consent of a specified percentage of members of the Cooperative Housing Society. The exact percentage required may vary.
2. Appointment of a Developer:
   • Once the consent is obtained, the society may appoint a developer through a transparent and competitive bidding process. The terms of engagement are typically outlined in a development agreement.
3. Letter of Intent (LOI):
   • After selecting a developer, the society issues a Letter of Intent (LOI) to the chosen developer, outlining the terms and conditions of the redevelopment project.
4. Feasibility Report:
   • The developer prepares a feasibility report that includes the proposed plans, amenities, and the financial aspects of the project.
5. Approval from Municipal Authorities:
   • The proposed redevelopment plan must obtain approvals from the local municipal authorities. This includes obtaining a No Objection Certificate (NOC) and other necessary permissions.
6. Cooperation from Members during Construction:
   • Society members are usually required to cooperate during the construction phase. This may involve temporarily vacating their premises and relocating to temporary accommodations provided by the developer.
7. Allocation of New Flats:
   • The agreement should clearly outline the process of allocating new flats to existing members after the completion of the redevelopment.
8. Transfer of Ownership:
   • Once the redevelopment is complete, the ownership of the new flats or units is transferred to the existing members..
9. Compensation and Rights:
   • - The development agreement should specify the compensation to be paid to the existing members, along with their rights and entitlements in the redeveloped property.
10. Redevelopment Committee:
    • Many societies form a redevelopment committee to oversee the entire process, negotiate with developers, and ensure the interests of the members are protected.
11. Legal Documentation:
    • All agreements, including the development agreement and individual flat agreements, should be legally vetted to protect the rights and interests of the society and its members.

It's crucial for Cooperative Housing Societies to adhere to the Maharashtra Cooperative Societies Act, 1960, and other relevant regulations during the redevelopment process. Our Consulting with legal professionals, architects, and other experts experienced in cooperative housing society redevelopment is advisable to ensure a smooth and legally compliant process.