Building Redevelopment: Rules for Handing Over Properties and Eligibility Criteria
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Maharashtra Govt Sets Clear Rules for Building Redevelopment: What You Need to Know
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News18•01-03-2026, 11:34
Maharashtra Govt Sets Clear Rules for Building Redevelopment: What You Need to Know
•Maharashtra Government issues detailed guidelines for cooperative housing society redevelopment under Section 79(A) of the Maharashtra Cooperative Societies Act, 1960.
•Redevelopment applies to buildings declared 'dangerous', 'dilapidated', or 'unstable' by competent authorities, prioritizing resident safety.
•A Special General Meeting (SGM) is mandatory to discuss redevelopment, select architects and Project Management Consultants (PMC).
•Redevelopment decisions require over 51% majority approval in the SGM, with written consent from members.
•Developer selection must be transparent, with a development agreement executed within three months; construction period should not exceed two years, and alternative accommodation is mandatory.
