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Condominiums vs. Societies: A Comparative Overview
Hemant Joshi
Senior Manager - CRM & New Business
In India, societies and condominiums represent two predominant forms of community living, each governed by distinct legal frameworks and ownership structures. Here’s a deeper look into the differences between societies and condominiums:
The choice between living in a condominium or a cooperative housing society in India involves considering various factors such as ownership rights, governance structure, maintenance fees, and legal implications. Understanding these differences helps individuals and families make informed decisions based on their preferences for community living and management style.| Particular/Type | In case of Condominium | In case of a Society |
|---|---|---|
| Formation | Even 1 person can form a condominium provided there are atleast 5 apartments in the building | Minimum 5 persons from different families are required for registration of a Society |
| Title | Buyer upon purchase becomes the owner of proportionate undivided right, title and interest in addition to his/her apartment | Buyer upon purchase becomes the owner of only his/her flat. |
| Maintenance | Can be levied on a per sq.ft basis | to be levied equally as per Bye-Laws |
| Other charges/ Penalties/Transfer fees | Bye-Laws can be customized as per requirement | Charges/Penalties cannot be customized |
| Voting rights | Proportionate to the area owned by each apartment owner | One Vote per member regardless of the area/number of flats owned by him/her |
| Bye-Laws | Amendable with majority/unanimity as mentioned in Bye-Laws | Amendable subject to permission from Registrar |
| Common areas | Common areas can be exploited by defining them as "Restricted common areas" | Common areas belong to the Society |
| Redevelopment | Consent of all apartment owners will be required for redevelopment | 51% votes required for redevelopment |
| FSI benefits | The developer will continue to exploit the increase in FSI in years to come for his personal gains. | Society retains the FSI |
| Approval for leave and license | No approval/intimation required | Intimation required as per Bye-Laws |
In conclusion, while societies and condominiums differ in ownership models, governance structures, and community dynamics, both aim to enhance quality of life through collective participation and responsible management practices. As regulatory frameworks adapt to urbanization trends, the future promises continued innovation in community living solutions.
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