Mumbai redevelopment: Maharashtra bars society committee members, relatives from becoming developers
India, Oct. 27 -- The Maharashtra government has introduced a new provision in its redevelopment rules prohibiting managing committee members, office-bearers of housing societies, and their relatives from acting as developers for their housing society's redevelopment projects. The move aims to prevent conflict of interest, curb potential misuse of authority, and ensure greater transparency in the redevelopment of old housing societies.
The provision is part of the revised guidelines issued by the state's Cooperation Department under Section 79A of the Maharashtra Cooperative Societies Act. It is relevant to the selection of a developer for the redevelopment of cooperative housing societies. It states that a committee member or office-bea...
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