The Need And Importance Of Housing Societies In India

Date: 30-January,2021Last Updated: 26-September,2022
+A   -A

India with its ever-growing population, now standing at a 1.39 billion – does it seems like a thick pack of people, customs and beliefs? For sure we have diversities within the populace. But then, how do we manage to live together in harmony? Talking of harmony, we are going to deal today with a very significant topic centred in community living – the vitality of housing societies in India.

Housing co-operative societies are democratically run enterprises with a collective sense of management. To emphasis, there is a shared notion of responsibility and understanding in such a type of working body. Also, researches and surveys share that, housing societies provide with better quality space of living. Quoting Hellen Keller, “Alone we can do so little, together we can do so much.” The statement is well-fitted for a co-operative housing society.

The membership in housing societies is generally legally bound. This membership is sought by buying shares in housing co-operatives. As a matter of which, they get to have their respective dwellings, functioning inside an association of similar member housing. Also, in the longer run, investing in co-operative housing societies is safer and secure. More the number of people, lesser the expense!

Compared to independent residences, a co-operative housing society works with mutual conduct, hosting a number of selected members. The system is monitored and smoothly run by selected members of the authority who ensure the proper working within the housing societies. The selection is basically carried out through open polls.

The housing co-operatives can be classified into the following, based on their ownership:

  1. House mortgage co-operative societies – The members build their own houses in this case with the help of money given to them by the co-operative housing society. This money is given generally in the form of credit.

  2. House building societies – Where the co-operatives itself take it on to build the houses for the members. In the latter case, money is recovered by the members, mostly by the mode of loan payment.

  3. Tenant ownership and co-partnership housing societies – In the former, the land is held by the co-operative society, and the members can own these houses on lease. In the latter case, both the land and the building are held by society, and the houses are given to the members for rent, just like flat ownership.

Now that you know about the significance of co-operative housing societies and their types let’s brisk through some of the commonly acknowledged merits of them!

  1. Saving the pockets – As far as the members are concerned, the minimum down payment is a boon while they get a feasible deal in housing.

  2. Better facilities – With proper working management, there is a guarantee for provision of better amenities and services in a co-operative housing society.

  3. Lesser the hassle – The registration process concerned with co-operative housing is generally remarked to be hassle-free.

  4. Legally bound – The working of the co-operative housing societies works according to a definite and distinct system and hence, is more transparent.

  5. Attentiveness to problems – When you live independently, and you are subjected to issues like trash removal or structural instability of essential elements in your house, you will have to figure it out yourself. But in case of an RWA (Residential welfare association), there is a surety that there will be proper reception and necessary action to all of your problems.

  6. Well defined code of conduct – Even when there is scope for cultural diversity and variance within a housing society, there can be a proper assurance of limiting disorderly behaviour and assurance of a proper code of conduct.

  7. Community belonging – The running of a residential association or co-operative housing society vouches for communal harmony and a sense of belonging together.

  8. Dispute resolving – In case there is an unfortunate incident of quarrelling or dispute between two independent residents, the housing society will plunge in for arbitration and will help resolve the issue before it turning worse.

  9. Meriting investment – Investing a small amount in these co-operative housing societies is the best option and is widely accepted. Say, in case, even if you are not interested in having an occupancy in such a residential association, you can still earn monetary benefit by leasing out your property!

  10. Combined responsibilities – There is no burden on one’s own head alone as far as these residential welfare associations are concerned. Responsibilities are shared.

For example, even for the maintenance of your living space, you need not shoulder the problem all by yourself. As you will be paying regular maintenance charges, society will take care of the issue.

All of the above-stated advantages of living in a housing society overrules the comparatively outnumbered demerits like – The requirement of taking permission from concerned authorities of the residential association prior to house renovations, regular payment of annual fees for services availed and un-veiled discussion of conflicts and disputes in open meetings.

We hope by now that all of our readers will be sufficiently aware of how co-operative housing societies work, what is their significance and benefits. Now, one important question – How do you sign up for this?

Getting into a residential association or a co-operative housing society is not a mammoth task. Even if independent residents are planning to have a combined housing association, it is easy and doable. But for that, you might need to make yourselves aware of these two pointers:

  1. Take legal assistance and opt for legal guidance before taking any big step!

  2. Have an open conversation -This is the prime most pointer of gravity. Prior to forming a community association, there should be a proper presentation of common goals and rules, succeeding the formation of a body of authority.

Making a better place to love sounds fun, isn’t it? A community or residential association if organized and run well can make happen this dream. How? By communal harmony, sense of understanding and contributing towards the welfare of one another.

In today’s era where everybody is in this cat and mouse race to make ends meet and have a grander living, it’s very vital to address the meaning of “Quality of life”. Isn’t that so?

Well, the definition and perspective of life can be different for different people. However, we believe that having a peaceful living with all the necessary amenities fits the lot. And forming, investing and living in a co-operative housing society might help you find that easier!

So that was “The need and importance of housing societies in India” for you! We hope you find the matter useful!

Did we help ?

Post Response



Latest Blogs

Why Read Real Estate Blogs?

Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.

However, in India, real estate blogs are starting to get clicks and likes, and it has become one of the trending topics. People worldwide are beginning to realize how real estate as an industry affects the economy and how important it is to understand housing trends to enhance their lifestyle.!

The relevance of informative Indian blogs on real estate and finance are at an all-time high now. The youngsters are bidding big on investment options, and brackets such as realty have proved to be highly dependable compared to others.

The Millennials are flooding in to invest in apartments, plots, and villas, and the earliest members of the Gen-Zs' entering the workforce and looking forward to having their own homes. This has only fuelled the growth of digital real estate blogs to keep up with the tech-savvy generations.

Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.

What sets India's favorite Blog Posts apart?

We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!

And Voilà! We present to you the most Interesting and Informative blogs!

As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!

We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!

However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.

What is the Importance of Real Estate Blogs?

Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!

If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.

The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.

With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!

We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.

We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.

In addition, we host Real Estate News so you can stay updated on the sporadic events that happen around the country concerning Indian Real Estate. We also make short and easy to understand real estate video blogs.

We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.

At, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.

Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.

On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.