Maharashtra Unveils New Self-Redevelopment Rules; Housing Societies Can Avail Loans Up to 10 Times Land Value

Mumbai, 7th August 2026: In a major policy decision aimed at accelerating the self-redevelopment of cooperative housing societies, the Maharashtra government has notified the Maharashtra Cooperative Societies (Amendment) Rules, 2026, introducing several reforms to simplify procedures, improve transparency, and strengthen governance.

One of the key provisions allows housing societies undertaking self-redevelopment to avail loans of up to 10 times the total value of their land, based on the valuation report of a government-approved valuer. The move is expected to provide significant financial support to societies seeking to redevelop their properties without relying on private developers.

The revised rules also introduce new categories of membership. Along with nominal and associate members, joint members and temporary members have now been included under the cooperative housing society framework.

For newly proposed housing societies, it will now be mandatory to submit an application in Form Y-1 to the Registrar for reserving the society’s name and obtaining permission to open a bank account. The Registrar has been directed to decide on such applications within 30 days.

The government has also revised registration fees based on the number of residential units in a society. Societies with up to 25 flats will pay ₹2,500, those with 26 to 50 flats will pay ₹5,000, societies with 51 to 250 flats will pay ₹7,500, while societies with more than 250 flats will pay ₹10,000. Housing societies formed under the Backward Class and Lek Awas Yojana schemes will pay a nominal registration fee of ₹50.

Under the new rules, if a society member dies, the nominated person can be granted temporary membership through Form Y-4 and an indemnity bond until the legal heirs are officially recorded.

According to Suhas Patwardhan, President of the Maharashtra State Cooperative Housing Societies and Apartments Federation, the reforms will bring greater transparency, reduce disputes, clearly define the responsibilities of committee members, encourage e-governance and digital management, protect members’ rights, and ensure uniform administrative practices across the state.

Cooperation Commissioner Deepak Taware said that while amendments to the Maharashtra Cooperative Societies Act were introduced in 2019, the newly notified rules provide a comprehensive framework for implementation. He added that the regulations will streamline the functioning of cooperative housing societies and will be implemented at the earliest.