A co-operative society is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
The membership of our cooperative society is open to all who are residents of Karnataka. The membership fee is kept low so that everyone is able to join and benefit from cooperative societies. At the same time, any member who wants to leave the society is free to do so.
Housing Co-operative Societies are governed by the Karnataka Co-operative Societies Act. Under this, model bye-laws were drafted for housing societies. Housing societies are supposed to conform to these bye-laws. Members make up the general body that holds annual general body meetings. Societies can register associate members also – such members are not entitled to attend general body meetings.
Earlier, developers could obtain land only from the government, and not directly from farmers. Now, farmers can directly sell land to developers. However, farmers themselves must get the land converted first. They should apply for land conversion, verifying the land is unfit for cultivation. After conversion, farmers can directly sell their land to developers.
After securing land, the developer has to get the layout plan approved by the BMRDA (Bangalore Metropolitan Region Development Authority). After plan approval, the developer will get sites developed (roads, drains, civic amenities etc.) using the development charges collected from the society.
Detailed rules governing allotment priority and ROS seniority lists.
Sites are allotted on a first-come-first-serve basis to the members and associate members of the society, depending on timely installment payments. The seniority list will be finalized by the Registrar of Cooperative Societies (ROS).
The first two installments made by the members/associate members are strictly used for procuring land. The third and fourth installments collected are used directly for layout development activities.
After the completion of layout development, sites will be registered according to ROS allotments. Registration charges are as per the prevailing government registration fees and must be borne by the individual member.
