We live in a Digital World Today, Technology becomes part of our life. People are getting smarter and progressive towards modernity. Day-to-day our life getting difficult. In our busy schedule, managing time is the toughest task. We always prefer to use some technology that helps us to manage our day-to-day task. In today’s work, Managing Read more about Accounting and Billing Software is a Need of Housing Society[…]
“Associate Member” means husband, wife, father, mother, brother, sister, son, daughter, son-in-law, daughter-in-law, nephew, niece a person duly admitted to Membership of a housing society on written recommendation of a Member to exercise his rights and duties with his written prior consent and whose name stand as 2nd in share certificate. Rights of Associate Members Read more about What is Associate Member in Housing Society?[…]
Cultural Activities are most important part of our social life. As we stay in a diverse culture it has been a practice in most of the Housing Societies to celebrate functions like Ganesh Chaturthi, Durga Pooja, Independence Day, Republic Day, Annual Pooja and family dinner etc. In order to meet the expenses most of Housing Read more about Cultural or Festival Funds in Housing Society[…]
The bye-law 65 provides the provision for contribution to be collected from the members of the society towards outgoings and establishment of its funds, referred to in these bye-laws as ‘charges’ may be in relation to the following: Property taxes Water Charges Common Electricity Charges Contribution to Repairs and Maintenance Fund Expenses repairs and maintenance Read more about LEVY OF CHARGES OF THE SOCIETY[…]
MEANING OF DEEMED CONVEYANCE: … In the legal sense Conveyance refers to the transfer of ownership or right, title & interest in the property to the other party. Conveyance Deed is a document executed to transfer the title of land and building in favour of Society or Association of Persons (AOP). The main object of Read more about Deemed Conveyance[…]
In almost every, society the maximum number of fights are over car parking and over charges for car parking. Builders can’t sell still & Open Parking The High Court says that building and premises belong to the societies. The builder can’t sell open spaces or space within stilts for parking. Even if the residents have Read more about Parking Problems and Charges in Cooperative Housing Society[…]
It’s time for audit! I am sure most of the societies are now busy with connecting / follow-up with their accountant to complete the accounting work of last financial year so as to schedule the annual audit for the last financial year. Before we discuss the some of the key points each society needs to Read more about Society Annual Audit & Reporting[…]
A Housing Society Building, however sound it may be, needs regular maintenance to keep it in healthy condition. However, awareness in this respect is lacking in the occupants, which is evident from the condition of buildings in Mumbai. Occupants who spend liberally for decoration of their premises do not show the same spirit when they Read more about Care and Precaution of Housing Society Building[…]
With each builder working on numerous projects at the same time and the construction getting completed in no time, the quality of the construction has become a serious issue of concern to the home buyers/ owners. Here is where home warranty comes to use. Home warranty is a contract provided by most of the renowned Read more about Home warranty: Power and security to home buyers[…]
The Pradhan Mantri Awas Yojana (PMAY) is a ray of hope for the urban Indian poor, who either do not have a roof of their own or who live in poor sheltered structures or rented houses. Launched in June 2015, it is a flagship scheme started by the current NDA government and upholds the motto Read more about Pradhan Mantri Awas Yojana: Know your Facts[…]