is a legal entity - usually a corporation - that owns real estate; one or more residential buildings. Each shareholder in the legal entity is granted the right to occupy one housing unit, sometimes subject to an occupancy agreement, which is similar to a lease. The occupancy agreement specifies the co-op's rules. Cooperative is also used to describe a non-share capital co-op model in which fee-paying members obtain the right to occupy a bedroom and share the communal resources of a house that is owned by a cooperative organization.
Co-ops are more commonly known as "flats" in India. This type of housing is very common in big cities like Mumbai (Bombay) but not very popular in rural India. Actually, they are registered as "co-operative housing society" rather than condominiums in that the owners actually have a share of the co-op and not the actual real estate itself. Owners can sell the "share" in the open market, but they have to get the approval of the co-op to complete the transaction.
]can any 1 help me for my cooperative society project
there are a host of projects and material available on this topic...why not make use of the MP Custom search buddy...there are great chances that the material you are looking for is already available on the site....
Bhautik Kawa Community Manager at ManagementParadise.com Mumbai, India
Community Manager at ManagementParadise.com
Management Paradise Guru
Join Date: Oct 2012
Re: 40 marks internal Project -
February 25th, 2016
Originally Posted by suhasdhage_bms
Plz, I want help in the 40 marks internal project work Topic is ‘Housing Societies’.
Please check attachment below, here i am sharing information on Project Report on Co-Operative Societies.
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