FROM THE DESK OF ADV LEENA KAULGEKAR

  MahaRERA shall introduce MahaRERA Grading Matrix for Real Estate Projects in phased and staggered manner.   In the First Phase, MahaRERA shall aim at objectively listing real estate project information making it easier for homebuyers to compare different real estate projects and make informed decisions. The First Phase of grading the Real Estate Projects shall commence from April 2024.   The following framework for Information Disclosure shall be adopted: è   Eligibility Criteria : All real estate projects registered post January 2023 shall be eligible for MahaRERA Grading Matrix. è Frequency: MahaRERA Grading Matrix shall be generated every six-months of the financial year. The first period for MahaRERA Grading Matrix shall begin from 1.t October 2023 to March 2024. MahaRERA Grading Matrix process shall commence once the due date for last quarter Quarterly Progress Reports (QPR) uploading is done i.e. 20th April 2024. è   Tools :  for MahaR...

  Introduction: The bye-laws of a co-operative society serve as a set of rules and regulations that govern its operations, functions, and member interactions. However, as circumstances change or new needs arise, it may be necessary to amend these bye-laws. In this blog post, we will explore the process of amending bye-laws in a co-operative society, the reasons behind amendments, and the steps involved. 1.     Importance of Bye-Laws: Bye-laws outline the framework within which a co-operative society operates. They define membership criteria, rights and responsibilities, decision-making processes, and more. Amendments ensure that the bye-laws remain relevant and effective in meeting the society's evolving needs. 2.     Reasons for Amendment: Amendments may be needed to align with changes in legal regulations, adapt to new economic conditions, incorporate technological advancements, enhance member services, or address any deficiencies in th...

Introduction: Transfer charges in co-operative societies refer to the fees or charges imposed when a member transfers their ownership rights and interests, such as shares or property, to another member. These charges are established to cover administrative costs and ensure the financial sustainability of the society. In this blog post, we will explore the concept of transfer charges, their significance, factors influencing them, and the considerations involved. 1.     Significance of Transfer Charges: Transfer charges play a pivotal role in the financial management of co-operative societies. They contribute to the society's revenue stream and help offset the administrative expenses associated with processing share transfers or property transactions. 2.     Purpose of Transfer Charges: Transfer charges serve several purposes, including: ·        Administrative Costs: Processing share or property transfers in...