Maharashtra Mandates Three Bids and Recorded Meetings for Society Redevelopment Developer Selection

Maharashtra has introduced stricter norms for the redevelopment of co-operative housing societies, effective from September 30, 2026, according to a report published on October 1. The new framework replaces the 2019 guidelines and tightens how managing committees select developers.

Key requirements in the new framework

Managing committees must now obtain at least three competitive bids before choosing a developer. If a society receives fewer than three quotes, it must extend the tender instead of deciding. All meetings held to select a developer must be video-recorded, and at least 51% of the society's total membership must be present to approve the selection.

Projects are expected to be completed within two years of receiving the plinth certificate, the approval confirming the building's foundation level is complete. A ceiling of three years applies only to complex or exceptional cases. Before residents vacate their flats, a registered Permanent Alternative Accommodation Agreement is mandatory. This is the document that records the rent and deposit the developer will pay while members live elsewhere.

What this means for housing societies

• Committees planning redevelopment should invite a minimum of three bids and keep written records of every quotation received.
• Arrange video recording for every developer-selection meeting and preserve the recordings with the minutes.
• Check attendance carefully, as the selection resolution needs at least 51% of total membership present.
• Do not ask members to vacate until the alternative accommodation agreement is registered and the rent and deposit terms are clear.
• Expect developers to quote with higher upfront costs, which may slow new contracts in the short term.

The report also mentions possible punitive action against office-bearers for mismanagement, though it gives no details. The article does not cite a notification number or rule sections, so societies mid-process should obtain the official text from the Registrar's office or their Deputy Registrar before finalising any developer appointment.