Maharashtra mandates 51% member approval for housing society redevelopment

Maharashtra has made it mandatory for housing societies to obtain approval from at least 51% of their members before undertaking redevelopment projects. The new requirement aims to protect member interests and ensure democratic decision-making in such ventures.

The rule strengthens the approval process for redevelopment, which typically involves significant structural changes and financial implications for residents. This move seeks to prevent minority members from being sidelined in major housing society decisions.