Maharashtra makes sweeping housing society rule changes: Lower penalties, clearer charges, easier self-redevelopment

Maharashtra's cooperative housing societies are set for a major overhaul with new rules impacting lakhs of flat owners. Key changes include a reduced interest rate on delayed maintenance payments to 12%, fairer service charge distribution, and clearer water billing. Parking disputes will now be decided by the general body, and self-redevelopment funding is significantly boosted. These amendments aim for greater transparency and reduced disputes.