As per Section 10 of the Maharashtra Ownership Flats Act 1963 read with rule 8, it is obligatory to form a cooperative Society or Association of Apartments or A Company within four months from the date of obtaining the completion certificate and As per rule 9 (i) of the MAHA RERA rules, 2017 it is obligatory on the part of the Promoter to form a Cooperative Society or company or any other legal entity within three months from the date on which 51% of the total number of Allottee’s in such a wing or building have booked their apartment .

However, the handover from the builder to the cooperative entity is a tedious, complicated process that requires commitment and involvement by both parties.

Common challenges developers face during society registration and handover are:

• Resistance from Committee Members in taking handover of Society
• Challenges due to inadequate or inappropriate knowledge of the Committee Members
• Complete handover process is a tedious job
• Challenges with Financial Handover to the Society?
• Committee Members are unnecessarily threatening with RERA provisions due to inadequate Knowledge about RERA Provisions

We at Society Plus over the past 3 decades with our Expertise & Experience have 100% Proven Solutions for the Challenges faced by the Developers.

Our Society Registration & handover solution make matters simpler – both for Developers and society members. We help Developers to identify whether a particular project needs to be registered under societies act or Apartment act based  their requirement, legal aspects, and project layout understanding.

We leverage our cross-functional expertise, covering the legal, operational, financial and technical areas. Equipped with the full-fledged knowledge of the tasks and processes, we execute and conclude the handover process smoothly.

We have developed a Standard Operating Procedure (SOP) for Society or Apartment handover. This procedure ensures complete handover of legal, technical and financial handover to the societies. The process ensures that all required documentation is handed over to society members in a very peaceful and satisfactory manner there by creating a Brand Image / Value for the Developer.