REPORT OF THE TASK FORCE ON AFFORDABLE HOUSING FOR ALL

Provision of affordable housing is one of the most formidable challenges that India currently faces. The 11^th Five Year Plan estimates the urban housing shortage at the commencement of Plan period at 24.7 million units, with 99% of this shortage pertaining to the Economically Weaker Sections (EWS) and Lower Income Groups (LIG).  Taking these into account,  Ministry of Housing & Urban Poverty Alleviation had set up a High Level Task Force on the 15th January, 2008 to look into the various aspects of providing Affordable Housing for All under the Chairmanship of Mr. Deepak Parekh, Chairman – HDFC Ltd. to submit a report on the following issues:-

1.       Developing innovative financial instruments for bringing flexibility in the housing market and examining various fiscal and spatial incentives for increasing supply of houses to economically weaker sections and Low Income families.

2.       Affordability of all categories including the Economically Weaker Sections (EWS), Low Income Groups (LIG) and Middle Income Groups (MIG) in terms of their income and consequent paying capability as well as other factors; recommending ways and means of enhancing accessibility of EWS/LIG groups to housing with suitable governmental support; and Recommending ways and means of enhancing accessibility of MIG groups to housing.

3.       Examining the framework of Regional Planning and Master Planning with a view to enhancing the supply of developed land and recommending legislative measures for accelerating the supply of housing units for the urban poor.

4.       Recommending measures for promotion of low cost building technologies;

5.       Suggesting steps for enhancing the supply of rental housing;

6.       Assisting the Ministry in devising an integrated strategy for in-situ slum upgradation with a view to improving the quality of habitat as well as providing the urban poor with places to work and sell; and

7.       Advising the Ministry about various types of programme initiatives with the aim of achieving the goal of “Affordable Housing for All”.

Shri Deepak Parekh, Chairman of the Task Force presented the report to Kumari Selja, Minister of State (Independent Charge) for Housing & Urban Poverty Alleviation today. A presentation on the recommendations was made before Minister, which was attended by Ms. Kiran Dhingra, Secretary, Ministry of Housing & Urban Poverty Alleviation, Shri S.K. Singh, Joint Secretary (Housing), Dr. P.K. Mohanty, Mission Director (JNNURM) and Prof. OP Mathur.

            The Minister informed that Ministry will examine the recommendations made by the Task Force and take a view in the matter.

Recommendations of the Task Force

The Task Force has strongly recommended the need for ‘Affordable Housing’ and mentioned that delay in addressing the affordable housing problem would seriously affect India’s economic growth and poverty reduction strategies. The Task Force notes that housing is central to economic growth and has multiplier effects on employment, poverty reduction etc. The Task Force estimates that alleviating the urban housing shortage could potentially raise the rate of growth of GDP by at least 1-1.5 percent and have a decisive impact on improving the basic quality of life.

Some of the specific recommendation of the Task Force are:-

Affordable Housing

·         “Affordable Housing” be put at the centre of public policy.

·         Any attempt to fix a definition of affordable housing for a country as large and diverse as India, using the concept of “one-size-fits-all” is counter-productive. However, the Task Force
has suggested the following parameters for the purpose

 

 

 

 

 

The Task Force visualises the size of the household as five members.                            

·         Government to may undertake a separate exercise to estimate the number of households on the basis of above.

·         Data on housing starts and completions at the national and state level be made readily available and may be collected through an institutional structure.

 

Land for Affordable Housing

·         Additional lands may be brought into urban usage on a regular basis by:

·         Simplifying procedures and processes for land acquisition and conversion of agricultural lands for urban use.

·         Reviewing the processes of Master Planning and effecting such changes as are necessary for making a proper assessment of land requirements and allocation of such lands for different uses, including lands for affordable housing. 

·         Treat affordable housing as a ‘public purpose.’

·         Upward revision in the FAR/FSI, across cities of different sizes commensurate with investment in infrastructure that it will necessitate.

·         Develop detailed critical space plans, which incorporate infrastructure intensive cluster development.

·         Impose an impact fee on those benefiting from higher FAR/FSI.

·         In-situ development on public lands for addressing affordable housing issues in partnership with the Government.

·         ‘Security of tenure’ be recognised as an important and integral tool for relieving pressures on the housing market. This may undertaken through regularisation of settlements, community or cooperative ownership, security via lease, use rights, which enables in-situ development to take place.

·         The recommendations on land related issues i.e. bringing in additional lands, upward revision in the FAR/FSI and in-situ development have to be implemented in an integrated manner.

·         Improve the speed of transactions through cadastrals, computerised land records and application of e-governance to land transactions.

·         Commission a professional study, to examine the range of issues covering urban land and recommend a comprehensive, long-term urban land policy. Given the environmental concerns, “sustainable” methodologies need to be developed.

·         Need to foster an environment that would make rental housing for EWS/LIG categories a worthwhile activity to invest in.

 

Fiscal and Financial Framework

·         Increase JNNURM funds for affordable housing by 100 percent and a part of the funds be used for direct provisioning of housing for poor urban households.

·         A part of the funds be also used as supplements for in-situ development to be routed through the Non-Government Organisations (NGOs) and Community Based Organisations (CBOs).

·         A cess of 0.5 percent on all central government taxes be credited to a dedicated Shelter Fund, to be managed by the National Housing Bank, with a budgetary support of equal amount, so as to make a long-term impact on affordable housing.

·         Permit housing finance institutions (HFIs) to access long-term External Commercial Borrowing (ECB) market, since the HFIs require long-term funding sources at the lowest cost possible to pass on to the ultimate borrowers.

·         Role of State Housing Boards be revamped and the Boards be encouraged to focus on playing a more active role in the provision of affordable housing, even if it is through public private partnerships.

·         Funds raised through the sale of land transactions by State Housing Boards must be ring fenced, with a defined proportion to be redeployed only for affordable housing.

·         Modifications in Income Tax Act for HFCs and developers engaged in affordable housing projects.

·         Reduction in stamp duty rates and registration fee for affordable housing to 2% ad valorem uniformly in all states.

·         Levy a flat charge of Rs. 1,000 on registration of equitable mortgages.

·         Bring “affordable housing” under the infrastructure definition.

·         Establish a housing finance company focusing only on housing micro-finance loans.

·         Promote household savings in the informal sector

Technology for Cost Effectiveness

·         A low-rise high-density built form is recommend as an appropriate measure for upgrading, redevelopment or construction of housing projects for the lower income groups.

Institutional Framework

·         The real estate should be regulated through a regulator and pending the legislative process for having real estate regulators in place in the States, consideration should be given to set up Ombudsman type bodies at the State level. 

·         The role of the housing and real estate Ombudsman would be to monitor JNNURM housing projects, ensure that proper appraisals are being done, collect relevant data, identify beneficiaries for JNNURM housing projects and address consumer grievances.

·          

********

AVC/MRS

Recycling Road On Fast Track6 Jun 2007, 0255 hrs IST, Megha Suri, TNN

NEW DELHI: That road repairs would invariably lead to traffic jams is a fact commuters in the city have long reconciled to. But not anymore. For the first time in the Capital, the Delhi government has decided to use a recycling technology that would enable the carpeted road to take the traffic load within a few hours of the completion of the work. In a first of its kind in the city, this environment-friendly recycling technology is being used to carpet the bumpy Mehrauli-Badarpur (MB) Road.
The 11.6-km road is being carpeted using the Canadian road recycling technology under which the asphalt of the top layer is heated and carefully removed. This is reused to make the new road unlike the generally used re-surfacing method in which another layer of asphalt is rolled onto the existing road.
From commuters' point of view, the road does not need to be closed for repair since only one lane is recycled at a time. The new road comes up faster and lasts longer too.
The project, which got the Delhi government's nod, is being carried out by Telcon Ecoroad Resurfaces Pvt Ltd (TERPL), a Tata associate company, in consultation with Central Road Research Institute (CRRI). Dr Sunil Bose, deputy director at CRRI, told Times City: "The new technology is suited for our conditions and is cost-effective and environment-friendly. It helps save the aggregate — different sizes of rocks — too."
The quantity of fresh aggregate and bitumen needed in the recycling process is about one-third, compared to overlaying, as a major quantity of asphalt is drawn from the recycled mix. This helps in conserving the environment because aggregate comes from cutting hills, and bitumen from crude oil — both of which are finite natural resources. Since 100% aggregate from the existing road is recycled, less trees will have to be cut to make roads, resulting in a major saving of natural resources.
In terms of cost, making a recycled road costs about Rs 250/sq m as against conventional overlaying at Rs 200/sq m. "Even though this seems more, recycling works out cheaper in the long run," said H K Sehgal, TERPL's chief operating officer.
Sehgal explained that in the conventional overlaying process, since new aggregate layers are added one after another, the height of the road gets increased over the years. Authorities need to raise the height of street furniture like traffic signals, streetlights and the central verge and footpaths after every few years, which is expensive. The new technology removes the top 60 mm of the road surface, so its height remains unaltered.
Resurfacing affects only the top 40 mm of a road, which forms part of the new layer. But if the road has deeper cracks, the new layer tends to develop potholes faster with load. In recycling, experts say, the road is heated which causes bitumen to creep into deeper cracks repairing them as well.
The new technology uses an assembly line of seven machines which are made to pass over the stretch in a line. And as the last machine, a road-roller, moves past, the road-recycling process is complete.
Each of the machines has a different role to perform. For the process, the top layer of the road — about 60 mm of asphalt — is heated by the first two machines. This is done to melt the bitumen in the asphalt mix so that the pieces of aggregate can be separated and used again. The next machine, a miller, cuts the surface and stores the asphalt mix removed from the worn-out road.
The material from the road is generally of reduced strength, compared to the norms prescribed by Indian Roads Congress, because of withering by use. The composition is rejuvenated by adding fresh bitumen and aggregate. The new mixture — approved after stringent lab and on-site tests — is put in a mixer, from where it flows on a paver machine, attached to the mixer. A conveyer belt on the paver dispenses the required quantity of recycled asphalt on the road. This is levelled by two road-rollers, with steel and rubber tyres. The new road is made at a speed of three metres per minute.
TERPL has made two roads using the same technology in Jamshedpur and Baroda. But Mehrauli-Badarpur Road is their first government road-recycling project in India. PWD engineer-in-chief R Subramanian said that the civic body is also going to remove all encroachments and mend broken footpaths.
And if the road passes the test, the government is planning to redo several other important corridors using the same technology before the Commonwealth Games.
megha.suri@timesgroup.com
Courtesy: Times of India

A cooking revolution now in India!

In an endeavour to address the increasing and harmful impact of Indoor Air Pollution in India, Envirofit today announced the launch of a range of clean burning biomass cookstoves in the country. Designed by an international team of globally recognized scientists and engineers, the cookstoves reduce toxic emissions by as much as 80%, while using 50% less fuel and reducing cooking cycle time by 40%. The cookstoves have been developed as a result of a partnership between Envirofit and Shell Foundation (UK) initially launched in 2007 to engineer and deliver clean burning biomass stoves that are affordable and attractive to people who are impacted by Indoor Air Pollution (IAP).

“Biomass (wood, crop waste and animal dung) is likely to remain the primary cooking fuel for a large majority of rural Indian households for many years to come. Against this background and the alarming number of annual of indoor air pollution-related deaths worldover, we are committed to developing products that will make a significant contribution to healthier and cleaner living,” said Harish Anchan, General Manager of Envirofit India Pvt Ltd. “Through the stoves we have developed, we are providing women an opportunity to continue to cook as they would before, but in an environment that is less polluting and hazardous.” Envirofit is a US based non profit corporation that designs, manufactures and markets world-class engineered technology products to improve the quality of human life across the globe.

The Envirofit cookstoves burn traditional biomass fuels and are engineered to emit significantly less toxic emissions and use less fuel. Built of durable, high-quality material and engineered to address the unique cooking habits of Indian women, the Envirofit cookstoves are a result of over five years of research and testing in coordination with internationally recognized academic institutions such as Colorado State University. Available in 5 models and priced between Rs 500/ and Rs 2000/, the cookstoves are currently available in Karnataka and Tamil Nadu and will be introduced in other states across the country in a phased manner. They are aesthetically designed with high-quality materials and available in a range of colours with single pot and multipot cooking options. The stoves have already successfully undergone pilot testing in Chitradurga and Dharmapuri. Certified under the most stringent environmental testing conditions in the USA, the cookstoves are currently awaiting BIS certification.

“Although cooking habits in semi-urban and rural India are steeped in tradition and perpetuated by myths, the response to our stoves has been very strong as each stove has been developed based on extensive market research and local customer insights,” said Harish Anchan. “We are in discussion with financing institutions for low cost financing options to provide additional options for families to buy the stoves.”

Envirofit cookstoves are now being made available in over 700 villages in Karnataka and 300 villages in Tamil Nadu through a multi-tier distribution strategy. Envirofit’s aim is to develop local and regional enterprises through the channel network so that the business becomes self sustaining. The current channel network in Karnataka and Tamil Nadu includes dealers, distributors, village entrepreneurs as well as not for profit organizations like MYRADA, the Tamil Nadu Foundation and the Cauvery Women’s Federation. Envirofit is targeting over 40 channel partners throughout the two states with roughly 600 outlets planned by the end of 2008. Significant business opportunities exist for local entrepreneurs, distributors, and retailers as Envirofit plans to increase its footprint across India by 2010.

“There are an estimated 1.6 million deaths per year due to toxic indoor air pollution (IAP). We are proud to be partnered with Envirofit International to introduce clean-burning wood stove technology in India while employing the first market-based business model,” said Ajit Abraham, Shell Foundation India who supports the project as part of their Breathing Space Program. ”The aim is to see 10 million stoves sold in five countries in the next five years.” Established by Shell Group in 2000 as an independent, UK registered charity, Shell Foundation’s mission is to develop, scale-up and promote enterprise-based solutions to the challenges arising from the impact of energy and globalization on poverty and the environment. The Breathing Space Program aims to achieve a significant long-term reduction in deaths related to IAP.

Globally, reliance on solid fuels is one of the 10 most important threats to public health. Indoor Air Pollution in India results from burning biomass (like wood, crop waste and animal dung) during cooking in the home. The toxic emissions and smoke from this cooking claims as many as 500,000 lives in India every year, most of whom are women and children due to their increased exposure in the home. One person around the world dies every 20 seconds from the cumulative effects of IAP, resulting in approximately 1.5 million deaths per year. India accounts for 80% of the 600,000 premature deaths that occur in south-east Asia annually due to exposure to IAP. The World Health Organisation estimates that pollution levels in rural Indian kitchens are 30 times higher than recommended levels and six times higher than air pollution levels found in New Delhi



- End -

About Envirofit

Founded in 2003, Envirofit International, Ltd. is a 501(c)(3) nonprofit corporation that develops engineered solutions to improve the human condition on a global scale, with a primary emphasis on applications in the developing world. Envirofit India Private Ltd was formed in 2007 to research, market and deliver clean burning cookstoves to the Indian market. Envirofit utilizes the same rigorous product-development methodology and protocols used in modern industry to develop and commercialize energy-efficient, pollution-reducing technologies that have the greatest potential positive impact on global environmental, economic, and public health issues. For more information, visit Envirofit International's website at http://www.envirofit.org or Envirofit International’s cookstoves website at http://www.envirofitcookstoves.org. For channel opportunities in India contact Envirofit India at 080 41153808 or 9343333722.

About Shell Foundation

Shell Foundation was established by Shell Group in 2000 as an independent, UK registered charity (no.1080999) operating with a global mandate. It focuses on enterprise-based solutions to poverty and environmental challenges linked to the impact of energy and globalisation. It acts like an investor, identifying financially sustainable solutions to these challenges that can be taken to scale and replicated to achieve global impact. By 2010 the Foundation will have used $75 milllion to leverage $350 million from other organizations.

Melissa Arulappan/ Vp & Director Devpt / Corporate Voice Weber Shandwick
Phone: 08025253891

Source/ Courtesy: India PRWire

Changes in project

Dear All

Due to some unexpected developments there are a lot of changes in the project and the management commitee. The changes are to discussed on Sunday, May 18, 2008 in delhi and the same shall be notified on this blogpost.

Building homes the green way

A CHANCE VISIT to an environment conference in 2000 changed P Surya Prakash’s vision. As managing partner of Hyderabad-based SatyaVani Homes, Praksh, an IITian with a civil engineering background, has been a part of SatyaVani's consulting wing dealing with power transmission and architectural designs. The environmental meet in Hyderabad made such an impact on him that he decided to devise a way by which he could enter the construction and realty development, incorporating the lessons he learnt in preserving the environment.
"I realised that being green is no more a luxury, it's a necessity,"says Surya Prakash. He decided to develop only "green projects". "To start off with, we are going in for equal built-up area to greenery ratio. For example, if we are building 4 million square feet, we are converting 4 million square feet to be green, " he adds. But this was no cake walk as greening projects are cost-intensive. Surya Prakash had to devise a business model which would benefit him as well as adhere to the green norms.
Even basic solar power installations cost five times more than conventional power sources.
He conducted R& D on business models for over a year to make his dream a reality.
"Around 600 tonnes of carbon are emitted per unit built; a green building can bring it down to 300 tonnes," says Surya Prakash.
SatyaVani Homes’ greening efforts start off with using recyclable material used during the construction of buildings. Surya Prakash says greening buildings is not just environmentally friendly, but also helps cuts costs.
This includes maintenance costs for the building and the cost of power for the customer.
To involve his clients totally in his green initiatives, SatyaVani Homes has decided to incentivise the customer by subsidising power for 25 years by Rs 18,000 per annum.
" We are planning to bring down connected power load, normal buildings need 12 MW of connected power. We are making this a zero carbon power. We call this green power," says Surya Prakash.
Clients will also be made to sign a green affidavit, ensuring them of 100 per cent environmental friendly habitation.
"By proper building orientation, strategic placing and choosing the right materials we can reduce heat," says Surya Prakash.
Other initiatives include having common laundry areas, using solar power to heat water, designing energy efficient water supply systems.
"Waste management is also a key area, " says Surya Prakash. Biodegradable waste is converted into manure, toxic waste is used as land fills, and the rest is recyclable.
SatyaVani homes has four projects at hand and seven in the pipeline. Surya Prakash also plans to set up 2000 green homes in Hyderabad by 2011, and another 3000 by 2013. Surya Prakash is bullish on the sector's outlook. "More than 50 per cent of Indian population is under 25, so the sector is demand driven, There is a five fold increase in middle class income. There is a correction happening, there is no cause for ?? concern," he says.
supriyaunni@mydigitalfc.com
EMAIL: supriyaunni@mydigitalfc.com
Weblink: http://e.mydigitalfc.com/Articletext.aspx?article=09_05_2008_122_004&mode=1

Housing – Indigenous Technology by G. Shanker

Architectural legacy of Kerala began centuries back. We have got one of the profound vernacular architectures in the world. Our traditional architecture always responds not only to the climate of the region but also to the social climate of the period. The architectural features were developed taking into consideration of the structural limitations or possibilities of our locally available building materials. Kerala’s rich depository of building materials helped the growth of architecture in the State. The texture, colour, durability and strength, insulation, ease of use etc. were the main criteria for selecting the materials and technologies. The local availability and the local skills were also key determinants to the selection process. Most of those houses had been built by those who lived in them, with the assistance of persons skilled in the use of materials from the milieu.

The vocabulary of basic building materials include wood, stone, laterate, lime and our own beautiful building-earth. All these materials have the quality to withstand the onslaught of nature. Various technologies were developed based on the structural characteristics of the materials. The traditional construction methods and materials developed over hundreds of years provide excellent thermal insulation and are cool in the summer and warm in the winter. Ingenious methods were developed to waterproof the base of walls and roofs from rain and snow. For instance, the large overhangs of our traditional homes always protected the walls from the direct hit of sun and rain, which helped to keep the interiors very cool. The windows and the doors always followed the cardinal principles of sutrams and marmams thereby Hari Peyad Building constructed with compressed hard brick (popularly known as interlock brick) ensuring good cross ventilation. The design


Housing Indigenous Technology

Fenistration of a two storied building of lattices, wooden jalis, trellis and other kinds of fenestrations, along with global ends facilitated good ventilation. They were also very strong aesthetic expressions of that time.

The concept of incremental housing is Kerala’s contribution to the world of architecture. Our forefathers had never ever struggled to make the buildings happen. They built with resources they had at hand. They always started with the concept of a whole house and expanded it as needs arose.

The traditional architecture also had answers to the local problems of construction. To combat the attack of ants and termites, we mixed lime with earth. Cashew-nut oil was used to preserve wood. Cut-straw was also used for construction with earth to minimise the cracks that appear on the walls. The rural stabilisers like sisal leaves, cow’s urine etc. were used to stabilise earth used for construction.

Our experience with modern materials like concrete and cement is fairly recent. Not enough time has elapsed to enable a proper evaluation and assessment of their Mud plastered walls of a residence

Sugathan Vattakkad Sugathan Vattakkad
The traditional architecture had answers to the local problems of construction. To combat the attack of ants and termites, we mixed lime with earth. Cashew-nut oil was used to preserve wood. Cut-straw was also used for earth construction to minimise the cracks that appear on the walls. And the ability to withstand nature. In fact many of the nouveau riche build cement villas show decaying already. On the other side, more than a century old monumental buildings like our administrative secretariat and much controversial Mullaperiyar dam, constructed using indigenous technology, still withstand climate.

Buildings and construction activities have a considerable bearing on our environment. As the state of environment decides the quality of our lives, and more importantly our common future itself, construction that does not upset the environmental balance is a theme that assumes greater importance day by day.

In this context, our ancestral concern with nature is also noteworthy. For example, asking the permission of a tree before felling. It was done in the form of a pooja to appease all forms of life depending the tree, including the tree’s own life. It was also mandatory to plant a seedling in the place of the tree felled.

Accumulating strength from traditional building techniques, the builders should give priority to earth constructions for affordable, ecologically sound houses. To build in tune with nature should be the mantra of making our own mansions.

(As conceived by B. Harikumar in a conversation with architect G. Shanker, Chairman, Habitat Technologies Group, Thiruvananthapuram. January 2007! KERALA CALLING)

Home Loan Eligibility

Salaried

View Self-Employed
CITIBANK
Age
-
23-65
Minimum income per annum
1,00,000
Minimum Years in service
-
2 year
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
25
Loan to value ratio
-
85% of Agreement value
ICICI
Age
-
21-65
Minimum income per annum
-
Minimum Years in service
-
1 year
Loan amount
-
2,00,000 - 1,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
HDFC
Age
-
25-58
Minimum income per annum
-
Minimum Years in service
-
1 year
Loan amount
-
2,00,000 - 1,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
HSBC
Age
-
25-58
Minimum income per annum
1,50,000
Minimum Years in service
-
3 years
Loan amount
-
2,00,000 - 1,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
IDBI
Age
-
21-60
Minimum income per annum
96,000
Minimum Years in service
-
2 years
Loan amount
-
2,00,000 - 1,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
LIC HOUSING FINANCE LTD
Age
-
25-58
Minimum income per annum
1,50,000
Minimum Years in service
-
N A
Loan amount
-
2,00,000 - 1,00,00000
Minimum tenure
-
7
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
SBI
Age
-
21-58
Minimum income per annum
1,00,000
Minimum Years in service
-
2 years
Loan amount
-
Any Amount
Minimum tenure
-
-
Maximum tenure
-
Loan to value ratio
-
85% of Agreement value
STANDARD CHARTERED
Age
-
21-58
Minimum income per annum
N A
Minimum Years in service
-
2 years
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
Self- Employed
CITIBANK
Age
-
-
Minimum income per annum
85,000
Minimum Years in service
-
3 years
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
ICICI
Age
-
21-65
Minimum income per annum
-
Minimum Years in service
-
3 years
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
HDFC
Age
-
21-65
Minimum income per annum
-
Minimum Years in service
-
3 years
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
HSBC
Age
-
21-65
Minimum income per annum
1,50,000
Minimum Years in service
-
2 years
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
IDBI
Age
-
21-65
Minimum income per annum
2,00,000
Minimum Years in service
-
3 years
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
5
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
LIC HOUSING FINANCE LTD
Age
-
21-70
Minimum income per annum
1,50,000
Minimum Years in service
-
N A
Loan amount
-
2,00,000 - 2,00,00000
Minimum tenure
-
7
Maximum tenure
20
Loan to value ratio
-
85% of Agreement value
Comparison
CITIBANK
Processing fees
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As per bank
Admin fees
N A
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

9.25%,
9.75%, 9.75%, 9.75%
-->
ICICI
Processing fees
-
As per Bank
Admin fees
0.5%+Service Tax
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

8.25%,
9.25%, 9.25%, 9.75%
-->
HDFC
Processing fees
-
As per Bank
Admin fees
-
N A
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

8.75%,
9.00%, 9.25%, 9.75%
-->
HSBC
Processing fees
-
As per Bank
Admin fees
N A
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

8.50%,
9.00%, 9.25%, 9.75%
-->
IDBI
Processing fees
-
As per Bank
Admin fees
N A
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

8.50%,
9.25%, 9.25%, 9.75%
-->
LIC HOUSING FINANCE LTD
Processing fees
-
As per Bank
Admin fees
N A
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

8.75%,
9.00%, 9.25%, 9.75%
-->
SBI
Processing fees
-
As per Bank
Admin fees
N A
Documents required (salaried)
-
Application form with photograph, Identity & residence proof, Latest salary slip, Form 16, Last 6 months bank statements, Processing fee cheque
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

Interest rate

8.50%,
NA , 9.00%, 9.75%
-->
STANDARD CHARTERED
Processing fees
-
As Per Bank
Admin fees

N A
Documents required (salaried)
-
Documents required (self employed)
-
Application form with photograph, Identity & residence proof, Education qualifications certificate & proof of business existence, Business profile, Last 3 years profit/loss & balance sheet, Last 6 months bank statements, Processing fee cheque
Tenure in yrs
-
5 , 10 , 15 , 20

http://www.deal4loans.com/Contents_Home_Loan_Eligibility.php

Behind the glitz of ‘green’ buildings - The Hindu story

The green concept has to be developed for local contexts so that they can be applied within the parameters determined by local financial needs, writes Ananth Krishnan

Green homes and buildings are increasingly in vogue in neighbourhoods and corporate circles around the world. Industry experts say that they can help save on energy and maintenance costs in homes and offices.

However, they are yet to become widely popular in the country. High input costs, particularly with regard to green buildings, continue to deter Indian consumers, and eco-friendly appliances remain available only in relatively small quantities in the market. Indian arc hitects too remain divided on both the necessity and the economic feasibility of the idea.

Saving resources

Green homes are designed to be efficient in energy and water consumption, right from the outer design shell of the home to the use of eco-friendly appliances such as Compact Fluorescent Lamps ( CFL) and solar water heaters to replace their energy-guzzling alternatives (see graphic). Green homes are also designed to incorporate systems such as rainwater harvesting and waste management. Harsha Sridhar, chief anchor (design and architecture), Biodiversity Conservation (India), says that the concept brings benefits to not just homeowners and developers, but to conservationists as well.

Sridhar believes that green homes will allow homeowners to significantly save on electricity and water, even generate less waste. Developers will have lower construction costs as a result of greater efficiency in material use, as well as lower recurring maintenance costs.

“Studies show that a home that is fitted with CFL lamps, solar water heaters and recycling facilities will save around Rs. 2.56 lakh over six years, or around Rs. 3,500 a month,” says Sridhar. “Solar water heaters alone will save around Rs. 71,000 over six years. But going green is not just about costs. It is about using resources more wisely, as well as a shift in the professional attitude of architects, managers, corporates as well as everybody else.”

The same idea applies to larger buildings as well – the green mantra is becoming increasingly popular in corporate circles. Architect Sharukh Mistry is the chairman of the Bangalore chapter of the Indian Green Building Council, an organisation set up by the Confederation of Indian Industry (CII). Mistry says that a change in the way both architects and their clients envisage their homes and buildings is needed for the green concept to really catch on. He believes that to a certain extent this is already happening.

“When multinational companies started coming in, their initial directive to architects was to build the same structures they were used to elsewhere, such as tall glass buildings,” Mistry says. “I think the companies are increasingly realising the importance of the local connections that they can build.”
Non-issue in India

Industry lobby groups such as the CII have been trying to propagate the green building idea for Indian businesses, in part because multinational companies are increasingly valuing buildings with high green ratings.

Architect P.T. Krishnan says that a lot of the green concepts propagated by Indian industry are predicated on Western needs, and hence do not make much sense in India.
“The whole green building idea starts from a platform that assumes buildings are energy intensive and completely dependent on power,” says Krishnan . “In the tropics we have a different tradition of building, where we allow natural light and ventilation. But we’ve lost our way in architecture, as we have blindly absorbed Western standards.”

Mr. Krishnan says that Indian architects, as well as corporates, have been taken in by the “glitz” of glass, which does not make either environmental or architectural sense in India where sunlight is not scarce.
“We used to illuminate office buildings with 120 lux bulbs, but we then brought in 300 lux bulbs that consume more energy just because they are being used in the U.S.,” Krishnan points out. “So, now we have to spend a lot more money [on eco-friendly appliances to save on energy costs] to rectify what we have wrongly brought in. The justification is that the technology will pay us back in three or four years. But we have to ask why we incur these costs in the first place.”

Architect Prashant Hedao says that if eco-friendly products are brought into the mainstream and if sustainable technologies are subsidised, the concept will become more economically feasible.

“People do not realise that by using a solar water heater instead of a geyser, they will recover their installation costs in two to three years,” Mr. Hedao says. “After that, they will actually be making a profit. For instance, purchasing costs for CFLs are more expensive than other lamps, but over a course of time they will save energy.”

With the higher costs involved – according to the CII, buildings with the highest green rating of ‘Platinum’ will cost 30 per cent more than a normal building – the green building concept remains limited to a very narrow, wealthy spectrum of society.

“The green building concepts apply to offices and IT buildings alone,” Krishnan confirms. “So we must remember that we’re talking about a very narrow spectrum here. When we design schools and colleges, we keep in mind natural light and natural ventilation. They are not dependent on air-conditioners. So, for me, it is a non-issue in India.”

According to Puducherry-based architect Suhasini Ayer, the corporate emphasis on green appliances misses the point. “Green homes are about more than just getting appliances such as solar panels,” says Ayer .

“Even the design of the shell of the construction should take into account climatic considerations in its orientation. Most architects are taught climatic design, but in an urban area you don’t always have the opportunity to incorporate every aspect. But even within fixed parameters, climatic considerations can be taken into account.”

Sensible design

So, your homes can still be designed in ways that are environmentally friendly, without you necessarily having to turn to fancy fittings. For example, Ayer says bedrooms should be located on the northern or southern faces of homes to keep them naturally cool and away from the glare of the sun. Plumbing, on the other hand, should be installed on the western side of homes, to tap the sun’s heat and save on electrical heating.

The drive to ‘go green’ is undoubtedly welcome, as the problems of water shortage, energy crisis and climate change are seemingly here to stay. However, if the concept is to truly catch on, Indian architects and the industry need to get past the “glitz” of the idea, as Krishnan says.
The green concept has to be developed for local contexts, so that they can still be applied within the parameters determined by local and financial needs. Otherwise, ‘going green’ will be a mantra that applies to only a privileged few – and a hollow one.

http://www.hindu.com/pp/2007/10/06/stories/2007100650310100.htm

Payment Terms

At the time of booking 15 %
Within 30-days 25 %
Within 60-days 40 %
Within 90-days 15 %
Time of possession 05 %

Total 100 %

(P.N.: Any alteration / customisation of the specified architecture of houses will be charged extra and at actual)

House specifications

Allotted space for each member 900 sq ft
Constructed area 630 sq ft*


Hall 15 X 10 150 sq ft
Bedroom (1) 12 X 10 120 sq ft
Bedroom (2) 12 X 10 120 sq ft
Kitchen 08 X 10 080 sq ft
Toilet / Bath (1) 08 X 05 040 sq ft
Toilet / Bath (2) 08 X 05 040 sq ft
Pooja Room 06 X 05 030 sq ft
Balcony Area 10 X 05 050 sq ft

Total Area 630 sq ft

(*The constructed space is only indicative estimate and may vary from the actual, since it is subject to due approvals by government and other authorities)

Call for Applications

During the meet on Sunday, January 27, 2008, it has been decided to call for applications from those seeking membership and allotment of house and the final schedules is as follows

(1) Call for Application January 28, 2008
(2) Deadline for last application February 15, 2008
(3) Review of applications February 16 & 17, 2008
(4) Intimation February 18, 2008
(5) Date of registration February, 24, 2008

Please send in your applications as soon as possible by courier along with a photo and an address proof.

For further details on eligibility criteria refer to www.tathagatahomes.blogspot.com

Application

Please find enclosed the application form for the cooperative society and the resolution copy of formation for your perusal.

Abhinav, as the secretary will take print of the resolution copy and it shall be signed by all of us who will be present during the Jan 2 meeting.

Swetha, will have to take a print of the application from, sign in the relevant place and send it across to me furtheron which we will also sign.

Since, the list of documents to be submitted to the registrar is not yet clear, am unable to send across the same to you.

Meanwhile, please send in an application seeking allotment of house in the society along with a complete declaration. The letter has to be addressed to

The Secretary,
Tathagata Homes - Cooperative Group Housing Society,
# 53-B, Navyug Adarsh Apartments,
Vikaspuri, New Delhi 110018

The same may be couriered to

R Jai Krishna
# 53-B, Navyug Adarsh Apartments,
Vikaspuri, New Delhi 110018
We shall also decide on the share capital and the money to be invested in the initial stage (s) during our next meeting on Jan 26।

Please confirm your presence by Friday evening लेटेस्ट

Documents List

Documents List

Application for Registration duly signed by each Promoter and attested by Gazetted Officer/M.P./MLA
Four (4) copies of Byelaws adopted in General Body meeting duly signed by promoters
A list of members along with the Share money contributed by them।Photocopy of Resolution passed by General Body Meeting।

Cash Receipt of Delhi State Cooperative Bank in token of the amount deposited with the Bank.
A statement of the Financial Position of each promoter of the Society on the prescribed proforma
Affidavit from all promoters on Rs. 10/- Non-Judicial Stamp declaring that they belong to different families as given at Page 22.
Forwarding Letter to Registrar Coop. Societies requesting him to Registrar the Society

CGHS Registration Procedure

“Procedure at Coop. Deptt. Level.”


The Registrar/Assistant Registrar of the area will examine whether the Promoters are genuine and are from different families and there is no other Society of the same type in that area and it has full chances of success. The Registrar/Asst. Registrar may approve the proposal and communicate to the Chief Promoter who will inform his fellow promoters about the approval and Share Money, Admission Fee will be collected by the Chief Promoter which will be deposited in Delhi State Coop. Bank’s nearest Branch in the name of Proposed Society in suspense Account.

After collection this amount the Chief Promoter will convene General Body meeting of the promoters for approval of Registration Proposal and election the Management. In this General Body meeting the promoters will adopt a Resolution for formation of Cooperative Society and will authorise newly elected Secretary and President to submit papers to the Registrar and sign, cutting or alterations on this behalf. The following papers are to be prepared and submitted to Registrar in a file cover:

1. Application for Registration duly signed by each Promoter and attested by Gazetted Officer/M.P./M.LA.
2. 4 copies of Byelaws adopted in General Body meeting duly signed by promoters.
3. A list of members along with the Share money contributed by them.
4. Photocopy of Resolution passed by General Body Meeting.
5. Cash Receipt of Delhi State Cooperative Bank in token of the amount deposited with the Bank.
6. A statement of the Financial Position of each promoter of the Society on the prescribed proforma
7. Affidavit from all promoters on Rs. 10/- Non-Judicial Stamp declaring that they belong to different families as given at Page 22.
8. Forwarding Letter to Registrar Coop. Societies requesting him to Registrar the Society.

On the behalf of these papers the Registrar will scrutinise these documents and if found in order he will registrar the Society and issue Registration Certificate along with the copy of Registered Byelaws. This process is generally completed within 3 months after the papers are received in Registrar Coop/ Societies Office. Registrar may reject the Registration proposal but the Promoters can appeal to the Lt. Governor against such order.

Important Note: The prescribed Registration papers are available from the Delhi State Coop. Union, 31, Netaji Subhash Marg, Darya Ganj, New Delhi – 110002

“On payment which is round-about Rs. 200/- which could be purchased on cash payment, between 10.00 a.m. to 4.00 p.m. except Saturday & Sunday.”

CGHS Membership - criteria, rights and liabilities

MEMBERS OF CO-OPERATIVE SOCIETY AND THEIR RIGHTS AND
LIABILITIES
19. Conditions to be complied with for admission to membership:-
(1) No person shall be admitted as member of a co-operative society unless-
(i) he is a citizen of India;
(ii) he has applied in writing in the form specified by the co-operative society for
membership along with a declaration on oath that he is not a member of any
other co-operative society having similar objects;
(iii) his application is approved by the committee of the co-operative society in
pursuance of the powers conferred on it in that behalf and subject to such
resolution as the general body meeting, may, in pursuance of the powers
conferred on it in that behalf from time to time, pass, and in the case of
nominal, associate, or sympathizer member by an officer of the society
authorized in that behalf by the committee;
(iv) he has fulfilled all other conditions laid down in the Act, these rules and the
bye-laws;
(v) in case of company or body corporate, co-operative society or a society
registered under the Societies Registration Act, 1860, a public trust registered
under any law for the time being in force relating to registration of public trust
or a local authority, the application for membership is accompanied by a
resolution authorizing it to apply for such membership;
(vi) in case of a co-operative housing society, he has been a resident of the
National Capital Territory of Delhi-for a minimum period of three years at the
time of applying for a membership in such society;
(2) In case of vacancy in a co-operative housing society the Registrar shall be intimated
within a period of fifteen days of the vacancy and the same shall be filled by the
committee by notifying it in leading national dailies/ newspapers of Delhi in Hindi
and English. An advance copy of the advertisement shall be sent to Registrar for
displaying the same on the website. In case the number of applications are more than
the notified vacancies the membership shall be finalized through draw of lot in the
presence of authorized representative of the Registrar. Further if vacancy has arisen
due to resignation of a member, then the resignation shall be made public by
publishing in leading newspapers and the Registrar shall be informed of the same
before publishing it alongwith the copy of the same and proof of payment of the share
money and contribution etc. which shall be made through cheque.
20. Disqualification of membership
(1). No person shall be eligible for admission as a member of a co-operative society if he:-
(a) has applied to be adjudicated an insolvent or is an undischarged insolvent;
or
(b) has been sentenced for any offence other than an offence of a political
character or an offence not involving moral turpitude and dishonesty and a period
of five years has not elapsed from the date of expiry of the sentence, or
16
(c) In the case of membership of a co-operative housing society,
(i) owns a residential house or a plot of land for construction of residential
house in any of the approved or un-approved colonies or other localities in
the National Capital Territory of Delhi, in his own name or in the name of
his spouse or any of dependent children, on lease hold or free-hold basis or
on power of attorney or on agreement for sale:
Provided that above clause shall not be applicable,
(a) in case of co-sharers of property whose share is less than 66.72 sq.
metres of land; or if the residential property devolves on him by way of
inheritance;
(b) in case of a person who has acquired property on power of
attorney or through agreement for sale and on conversion of the
property from leasehold to freehold on execution of conveyance deed for
it, if such person applies for the transfer of membership of the
housing society concerned;
(ii) deals in purchase or sale of immovable properties either as principal or as
agent in the National Capital Territory of Delhi; or
(iii) his spouse or any of his dependent children is a member of any other cooperative
housing society.
(2). Notwithstanding anything contained in the rules or the bye-laws of the co- operative
society, if a person becomes, or has already become a member, subject to any
disqualification specified in sub-rule (1), he shall cease to be a member from the date
when the disqualifications were incurred. However, before disqualifying a member, the
Registrar shall give an opportunity of personal hearing to the concerned member and the
society.
(3). A person who ceases to be a member of a co-operative society under sub-rule
(2), shall not be entitled to exercise rights of memberships or incur liability as
member with effect from the date of order passed by the Registrar referred to in sub-rule
(2) but as from the date he becomes a creditor of the co-operative society in respect of the
amount due to him on account of paid up share capital, deposit, cost of land deposited or
any other amount paid by him to the co-operative society as its member. As from the
date of his ceasing to be a member of the society under sub-rule (2), the amount standing
to his credit shall be paid to him by the co-operative society within three months and if
the co-operative society is already under liquidation, the amount due to him will be
credited as a debt due to a third party from the co-operative society.
(4). If any question as to whether a member has incurred any of the disqualification referred
to in sub-rule (1) arises, it shall be referred to the Registrar for decision. The decision of
the Registrar in this behalf shall be final and binding on all concerned. The Registrar shall
not delegate this power to any other person appointed to assist the Registrar.
21. Terms and Conditions on which persons referred to in clause (e) of subsection (1) of
section 22 may be admitted as members: -The following shall be the terms and
conditions on which persons referred to in clause (e) of subject section(1) of section 22
may be admitted as a member of a co-operative society:-
17
(1) The number of such persons admitted to the membership of a co-operative society shall
not exceed five percent of its total membership at any time and who shall be in addition
to the freeze strength of a society;
(2) The working place and business or residence of such persons shall be within the area of
operation of the co-operative society;
(3) Such persons shall purchase at least ten shares in the capital of the co-operative society;
(4) The aims and object of such persons are not contrary to those of the co-operative society;
(5) Such persons do not carry on competing business with that of the co-operative society
within the local limits specified in the bye-laws or by the Registrar;
(6) Any other condition which the Government may notify in this behalf:
Provided that in case of a co-operative bank, the enrolment of firms, companies or a body
corporate shall not exceed five percent of the total number of members.
22. Procedure for admission of joint member, minor and person of unsound mind and
inheriting the share or interest of deceased member.
(1). A co-operative society may admit joint member provided the proposed joint member
make a declaration in writing that the person whose name stands first in the share
certificate shall have the right to vote and all other rights shall be enjoyed jointly and
severally and liabilities shall be borne jointly and severally by them as provided under
the Act, the rules and the bye-laws:
Provided that in case of inability of the person whose name stands first in share
certificate, he/she can authorize the other to vote and attend the meeting on his behalf.
Provided further that in case of co-operative group housing/house building society,
the joint membership shall be restricted to only person in first degree blood
relationship.
(2). In accordance with the procedure laid down in the bye-laws and these rules for
admission of any member, a co-operative society may admit minor and person of
unsound mind inheriting share or interest of deceased member as its member through
their legal representative or guardian respectively. The members so admitted will enjoy
such rights and liabilities as are laid down in the bye-laws of the co-operative society
that are consistent with the Act and rules.
23. Prohibition of membership in two co-operative societies/federal societies of same
class/category:-
(1) No individual or primary co-operative society shall become member of another primary
co-operative society or two Federal/ Central/ Apex Society/ Financing Bank of the same
class. If an individual or primary cooperative society has become a member of two Apex/
Federal/ Central/ /Financing Bank, his membership of the society lastly enrolled, shall
stands ceased. However, the individual or primary co-operative society shall have a right
to appeal to the Registrar against the order of the cooperative society within thirty days
after the receipt of the order of the termination of membership. The decision of the
Registrar shall be final and binding on all concerned:
Provided that the membership of the Apex/ Federal / Central/ Financing Bank shall be
restricted to the primary societies of the same category for which the such Federation has
been registered.
18
(2) Society shall cease to be a member of a Federal/ Apex or Central Society on the
following grounds:-
(a) On being member of any other federal society of the same class.
(b) On being a defunct society.
(c) On liquidation/cancellation of the registration; or
(d) On Failure to pay annual subscription continuously for three or more years.
24. Admission of members before meeting of its general body; No co-operative society
shall admit members within thirty days prior to the date of a meeting of its general body.
25. Disposal of application for admission of member.
(1) On receipt of an application for membership, the co-operative society shall enter
particulars of the application in the register of applications in the following form, giving
a serial number to the application and shall issue a receipt in acknowledgement thereof:-
___________________________________________________________________
S.No. Date of Name & Address Decision of the Date of
Receipt of applicant committee resolution
of application of the committee
___________________________________________________________________
(1) (2) (3) (4) (5)
___________________________________________________________________
Provided that in case of housing societies, details regarding category of flat applied for
and details of nomination including relation with applicant shall also entered in the
register.
(2) A cooperative society shall dispose off an application received for admission
as member as early as possible but in no case later than forty five days from the
date of its receipt. In case the committee decides not to admit the applicant as
member of the co-operative society, the co-operative society shall communicate
its decision together with the reasons thereof to the applicant immediately,
thereafter, in writing either in person or through Registered Post provided that in
case of the Federal Society or Financing Bank, period of disposing off an
application from the date of its receipt shall be ninety days.
(3) The appeal to the Registrar against the order for refusal to admit a member shall be
made within a period of thirty days of the date of communication of refusal.
(4) A person whose application for membership has been approved by a committee shall
deposit the membership fee and the amount of qualifying share (s) necessary to become a
member within fourteen days of the information of admission as member of the co-operative
society, sent to him in person-or by registered post.The amount should be deposited by
Demand Draft/Banker’s Cheque/Pay Order only. If no such amount is deposited within the
stipulated period, the resolution of committee approving the membership of the person
concerned shall become void and in-operative.
In case of co-operative housing societies managing committee shall endorse a copy of
managing committee resolution passed under sub-rule (2) within twenty one days to the
19
Registrar. The resolution shall become final after a period of sixty days of conveying and
receipt of the same in the office of the Registrar. In the event Registrar not agreeing to the
enrolment of an individual for one reason or the other as may be relevant with reference to
the provisions of law, the provisional enrolment will automatically become invalid.
26. Withdrawal of members
(1) Subject to the provisions of the Act, these rules and the bye-laws of a co-operative
society, a member may withdraw his membership by submitting a resignation in
writing to the society and the committee shall dispose off his resignation within forty
five days after receipt of the resignation.
(2) No resignation of a member shall be accepted by the co-operative society unless the
member has paid in full his dues, if any, to the co-operative society and has also
cleared his liability, if any, as surety to any other member.
In case of co-operative housing societies committee shall endorse a copy
of resolution under sub-rule (2) within twenty one days to the Registrar.
(3) Any member, whose resignation has been accepted by the co-operative housing
society, or any heir or legal representative of a deceased member, may demand refund
of the share capital held by such member or deceased member and the co-operative
society shall, subject to the provisions of section 27 or section 28, as the case may be
and subject to the provisions of the bye-laws, refund the amount within ninety days
after the acceptance of resignation or as the case may be, the date of demand by the
heir or legal representative of the deceased member. Intimation regarding acceptance
of resignation shall be sent by registered post to the member and in case of cooperative
housing society a copy of the same shall also be sent to Registrar.
(4) In all cases where share capital is to be refunded, valuation of the shares shall be
made in accordance with the provisions contained in rule 27
(5) Irrespective of the nature of liability of a co-operative society, the share capital
subscribed by the Government in a co-operative society or by a Apex/ Federal/
Central will be retrieved in such a manner and during such period as may be
determined by the Registrar from time to time.
27. Valuation of shares:-
(1) Where a member of a co-operative society ceases to be a member thereof, the sum
representing the value of his share or interest in the share capital of the co-operative
society to be paid to him or his nominee, heir, or legal representative, as the case may be,
shall be the amount arrived at by a valuation based on the financial position of the cooperative
society as shown in the last audited balance-sheet preceding the cessation of
membership:
Provided that the amount so ascertained shall not exceed the actual amount
received by the cooperative society in respect of such share or interest.
(2) Where a person is allotted a share by a co-operative society, the payment required to be
made, therefore, shall not exceed the face value of the share notwithstanding anything
contained in the bye-laws of the cooperative society.
20
(3) When a share is transferred by a member to another member duly admitted as a member
of a co-operative society, the transferee shall not be required to pay anything in excess of
the value of the share determined in accordance with sub-rule (1).
28. Maintenance of register of members
Every co-operative society shall maintain a register of members containing:-
(a) the name, address and occupation of the member, mother’s/father’s/husband’s name and
details of shares held by him and in case of co-operative housing society Permanent
Account Number of income tax, bank account no. and branch address.
(b) The date of grant of membership by the managing committee;
(c) The date on which the member's name was entered in the register after depositing
membership fee and share money; alongwith details of payment of the same;
(d) Specimen signature of the member;
(e) The name(s) of nominee & relationship; and
(f) Date of cessations of membership.
29. Procedure for transfer of shares:-
No transfer of shares shall be effective unless:-
(a) it is made in accordance with the provisions of the bye-laws;
(b) a clear fifteen days notice in writing is given to the co-operative society indicating
therein the name of the proposed transferee. The consent, application for
membership, and where necessary, the value proposed to be paid by the transferee;
(c) after the transferee has made payment of the value of the shares so transferred and paid the
value of any interest to be transferred to the co-operative society, as may be agreed upon
between the transferee, the transferor and the co-operative society, transfer shall be
registered in the books of the co-operative society, the transferee shall thereupon
become the member of the co-operative society and shall acquire all rights of the
membership and shall hold such interest as from the date approved by the committee;
(d) thereafter all liabilities of the transferor due to the co-operative society are discharged,
the transferor shall be paid the value of his shares transferred to the transferee determined
in accordance with rule 27 and the value of the other interest transferred provided the
value shall not exceed the amount actually paid by the transferor in acquiring such
interest in the co-operative society.;
(e) The transferee shall hold such share subject to charge, if any;
(f) The co-operative housing society shall issue fresh share certificate with new serial
number to the transferee after canceling the earlier share certificate.
(g) In case of co-operative housing societies transfer of share shall be in first degree blood
relations as defined in clauses (vii) of rule 2.
30. Nomination of persons:-
(1) For the purpose of transfer of share or interest under sub-section (1) of section 28, a
member of a co-operative society may, by a document signed by him or by making a
statement in any book kept-for the purpose by the co-operative society, nominate any
person or persons in first degree blood relation and if nomination is made by a
21
document, such document shall be deposited with the co-operative society during the
member's life time and where the nomination is made by a statement, such statement
shall be signed by the member and attested by two witnesses.
(2) The nomination made under sub-rule (1) may be revoked or varied by the member at
any point of time.
(3) The record of nomination shall be kept by a co-operative society in such manner as
may be laid down in the bye-laws.
(4) If a member nominates more than one person, he shall, as far as practicable, specifythe
share to be paid or transferred to each nominee
(5) The value of the share or interest transferred or paid to a nominee or nominees shall
be determined on the basis of the sum actually paid by the member to acquire such
share or interest in accordance with rule 27.
(6)(a) In case the member of co-operative housing society has not made any nomination, the
society shall, on the member's death, by a public notice published in two leading
national newspapers exhibited at the office of the cooperative society and also in the
office of the Registrar, inviting claims or objections for the proposed transfer of the
share or interest of the deceased with the time specified in the public notice.
(b) After taking into consideration the claim or objections received in reply to the public
notice or otherwise, and after making such inquiries as the committee considers
proper in the circumstances prevailing, the committee shall decide as to the person
who in its opinion is the heir or the legal representative of the deceased member and
proceed to take action as per section 28 of the Act, subject to any appeal which may
be filed to the Registrar by any person claiming the share, or interest of deceased
member within thirty days of the decision of the committee. The orders of the
Registrar on such appeal shall be final and binding upon all concerned.
(7) If the committee refuses to transfer the share or interest of the deceased member to
his nominee or his successor-in-interest, or fails to take a decision on the
application of such nominee or the successor-in-interest as the case may be
within thirty days from a nominee or any person claiming to be a successor of a
deceased member, may file an appeal within thirty days of such refusal, the Registrar
shall pass such order as he may deem fit. On such condition the Registrar may
impose, after hearing the co-operative Society and the applicant or any other persons
interested. The order made by the Registrar shall be final and binding on all
concerned.
31. Procedure for expulsion of members : -
(1) Notwithstanding anything contained in the bye-laws, prior to placing the matter before
the meeting of the committee for expulsion of a member under the provisions of section
40 of the Act, the member concerned shall be served with registered notice regarding the
proposed expulsion, fifteen days prior to holding of the committee’s meeting:
Provided that no resolution shall be valid, unless the member concerned has been given
an opportunity of representing his case in the committee of the society.
(2) The expulsion from membership may involve forfeiture of shares with the prior
permission of the Registrar. In that event, the value of the share forfeited shall be
credited to the reserve fund of the co-operative society.
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(3) A member of a co-operative society who has been expelled under section 40 of the act
shall not be eligible for re-admission as a member of that society or for admission as a
member of any other society of the same class for a period of three years from the date of
such expulsion;
Provided that the Registrar may, on an application either by the society or the member
expelled and in special circumstances, sanction the re-admission or admission, within the
said period, as the case may be. Before giving sanction for re-admission or admission,
the Registrar shall provide, an opportunity of hearing both the society and the member
concerned.
32. Default in payment by a member, the Equalization charges from a new member and
payment of interest to the outgoing member;
(1) In case of default in payment of demand in a co-operative housing society by the
members, the maximum rate of interest charges shall be as under:
(a) for default of payment of installment upto six months @ 9 percent per
annum;
(b) for default of payment of installment upto one year @ 9.5 percent per
annum; and
(c) for default of payment of installment for more than one year @ 10 percent
per annum.
(2) Equalization charges to be charged from the member enrolled at the advance stage
of construction @ 12 percent per annum on the amount of payments raised by the
co-operative housing society from each member of same category for land money
and construction purposes.
(3) interest to be paid by a housing co-operative society to a resignee / expelled
member shall be @ 6 percent per annum on deposits out of interest so calculated
and co-operative society shall charge not more than 2.5 percent as administrative
expenditure:
Provided that interest on default / equilisation charges/refund of deposit shall be
charged by such co-operative society at the simple rate of interest.
(4) The Registrar, may review the above rates periodically.
33. List of members of co-operative society
(1) Every co-operative society shall prepare a list of its members as on the last day of each
co-operative year. The list shall be kept open at the office of the co-operative society,
during office hours for inspection by any member of such co-operative society. The list
of members shall be revised thirty days prior to the date of the meeting fixed for the
election of the committee of the co-operative society and shall include the members
admitted and exclude the members resigned or ceased or expelled during the period
commencing from the date when the list was last revised and ending with the date of the
revision of the list. The list shall be in Form-8 for a co-operative society and in case of a
federation in Form-8-A, as the case may be. In-case of a co-operative housing society a
copy of list so prepared shall be sent to Registrar within thirty days alongwith a soft copy
in a floppy diskette of the same, for display on the website
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A list of members prepaid in accordance with sub-rule (1) shall be furnished by the cooperative
society to the member on payment of rupees fifty per one hundred members or
part thereof.
34. Disabilities of a defaulting member.
(1.) A member of any co-operative society who is in arrears to the co-operative society in
respect of any loan taken by the member or co-operative society for such period as
specified in its bye-laws or in any case for a period exceeding ninety days shall be not
eligible:
(a) to vote in election of the said co-operative society;
(b) for appointment to represent the co-operative society in any co-operative society; and
(c) to vote on behalf of co-operative society in other co-operative society.
This rule shall also apply to federal co-operative society and to apex cooperative society
(2.) If a member of a co-operative society appointed as a representative of co- operative
society, falls in arrears to the co-operative society for the period specified in sub-rule
(1), he shall cease to be representative of the society after completion of said period.
35. Cessation of membership
Without prejudice to the provisions of section 29, a person shall cease to be a member of
a co-operative society as specified in sub section(1) of section 41 of the Act. Incase of a
co-operative housing society an intimation regarding cessation of membership shall be
sent by a registered post to the person concerned along with copy of the same to the
Registrar within a period of fifteen days. In case of a co-operative society which has
become defunct or deemed to have become defunct under the Act and these rules or
declared so by the Registrar as such the said co-operative society shall cease to be a
member of the Federal /Financing/Apex society.
36. Inspection of documents in the Registrar's office by members of societies and the
scale of the fees for supply of copies of documents.
(1) A member of a co-operative society or any other person may inspect the following
documents .in the office of the Registrar, and may obtain certified copies thereof, on
payment of the following fees:-
(i) Application for registration of a co-operative
society (Form No.1) - rupees.10 per page;
(ii) Certificate of registration of a co-operative society- rupees 10 per page;
(iii) Bye-laws of a co-operative society - rupees 10 per page; (iv)
Amendment of bye-laws of a co-operative society- rupees 10 per page; (v)
Order of cancellation of the registration of
a co-operative society - rupees 10 per page;
(vi) Audit report of a co-operative society - rupees 10 per page;
(vii) Annual balance sheet of a co-operative society - rupees 10 per page;
(viii) Order under section 66 of the Act for inquiring the
conduct of a person - rupees 10 per page;
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(ix) Order referring a dispute for decision under
section 71 of the Act - rupees 10 per page;
(x) Order of supersession of a committee or
removal of any member thereof - rupees 10 per page;
(xi) Any decision, order award, and judgment
against which provision of appeal is provided. - rupees 10 per page;
(2) A member of the co-operative society or any person may inspect all or any of the
documents referred to in sub-rule (1) after paying inspection fee of rupees one hundred
per inspection.
(3) An application accompanied by a receipt, for the amount deposited with the Registrar, for
the charges for inspection or obtaining copy shall be made to the Registrar specifying the
particulars of the document required. Such application shall be disposed off within fifteen
days of the receipts of the application
(4) A copy of any of the documents referred to in sub-rule (1) shall be certified by the
Assistant Registrar as true copy of the original with the following endorsement made
thereon:-
(i) Date of receipt of application.
(ii) Date on which the copy was ready for delivery.
(iii) Date on which delivered.
(iv) Copying charges for the documents as applied.
(v) Certified to be true copy of the original.
Prepared by …………………… Signature
Asstt. Registrar.
Checked by ........................... Seal:-
Every memorandum of appeal under the Act, these Rules or order shall be accompanied
with a certified copy of the decision, order award or judgment against which the appeal has
been filed.
37. DUTIES OF MEMBERS:
(1) The member shall owe the following duties to a co-operative society, namely:
(a) to abide by the provisions of the Act, there rules, bye-laws and other lawful decisions
taken by the General body, committee, other committees and the Registrar;
(b) To make share capital contribution, other fees and payment to the co-operative
society in accordance with the provisions of the Act, rules and bye-laws;
(c) To extend full co-operation and support to other members and the co-operative
society, thereby, contributing to the overall development of co-operative;
(d) To perform or extend the minimum economic commitment and business support to
the co-operative as prescribed under the Act, rules and bye-laws;
(e) To undertake jointly and severally the responsibility to bear liability on debts, risks,
losses and damage caused to co-operative society within the limit of members share
capital contribution as provided in the bye-laws of the co-operative society; and
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(f) To compensate for damages caused to the co-operative society, if any, in accordance
with the provisions of the Act, rules and bye-laws.