Condominiums vs. Societies: A Comparative Overview

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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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