This comes as a relief to at least 4,000 members of various housing societies on collector’s land whose membership had not been recognised by the collector.

 

In a major relief to residents of cooperative housing societies on collector’s land, the government has announced a penalty ranging from 1% to 5% of the ready reckoner rate (RRR) to regularise the membership of such societies.

 

This comes as a relief to at least 4,000 members of various housing societies on collector’s land whose membership had not been recognised by the collector.

 

The non-recognition was because the member had purchased the flat without providing all the adequate information.

 

Several original members have sold flats to others whose membership, too, has not been regularised on account of the first member not being recognised.