{"id":875696,"date":"2024-08-13T15:18:54","date_gmt":"2024-08-13T09:48:54","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=875696"},"modified":"2026-03-25T16:16:36","modified_gmt":"2026-03-25T10:46:36","slug":"housing-cooperative-society-smcart","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/housing-cooperative-society-smcart","title":{"rendered":"Cooperative Society: Types, Characteristics &#038; Features"},"content":{"rendered":"\r\n<p><span style=\"font-weight: 400;\">It\u2019s been over a century since cooperatives were introduced in India. The values of collective action and support were used during the colonial era to promote agricultural and credit cooperatives. Soon, these ideas extended to the housing sector, creating cooperative societies. Today, India has over a lakh of them. But <\/span>what is a cooperative society <span style=\"font-weight: 400;\">really? How would we define it? How is it formed, and what is the registration process? This blog explores all this and much more. Find everything you need about cooperative societies in India in this comprehensive and detailed blog.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<h2>Table of contents<\/h2>\r\n<ul>\r\n<li><a href=\"#h-what-is-a-cooperative-society\" data-level=\"2\">What is a Cooperative Society?<\/a><\/li>\r\n<li><a href=\"#h-objectives-of-cooperative-society\" data-level=\"2\">Objectives of Cooperative Society<\/a><\/li>\r\n<li><a href=\"#h-features-of-cooperative-society\" data-level=\"2\">Features of Cooperative Society<\/a><\/li>\r\n<li><a href=\"#h-types-of-cooperative-society\" data-level=\"2\">Types of Cooperative Society<\/a><\/li>\r\n<li><a href=\"#h-advantages-of-cooperative-society\" data-level=\"2\">Advantages of Cooperative Society<\/a><\/li>\r\n<li><a href=\"#h-how-is-a-cooperative-society-formed\" data-level=\"2\">How is a Cooperative Society Formed?<\/a><\/li>\r\n<li><a href=\"#h-how-to-register-a-cooperative-society\" data-level=\"2\">How to Register a Cooperative Society?<\/a><\/li>\r\n<li><a href=\"#h-documents-required-while-registration-cooperative-society\" data-level=\"2\">Documents Required While Registration Cooperative Society<\/a><\/li>\r\n<li><a href=\"#h-how-to-become-a-member-of-a-cooperative-society\" data-level=\"2\">How to Become a Member of a Cooperative Society?<\/a><\/li>\r\n<li><a href=\"#h-what-is-the-importance-of-adhering-to-housing-society-rules-and-regulations\" data-level=\"2\">What is the Importance of Adhering to Housing Society Rules and Regulations?<\/a>\r\n<ul>\r\n<li><a href=\"#h-wrapping-up\" data-level=\"3\">Wrapping Up<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<li><a href=\"#h-faq-s-about-cooperative-society\" data-level=\"2\">FAQ&#8217;s about Cooperative Society<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n\r\n\r\n\r\n<h2 id=\"h-what-is-a-cooperative-society\" class=\"wp-block-heading\">What is a Cooperative Society?<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In a cooperative society, a group of members come together to own and manage a property. Members buy shares of the society and receive property ownership in return. A cooperative society is a legal entity where members collectively make decisions. As a result, both responsibilities and benefits are shared.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The basic idea behind cooperative societies is to offer affordable housing and ensure democratic functioning. They are formed to provide quality housing at reasonable costs by pooling resources and sharing expenses. In addition, each member gets to have a say in the society&#8217;s functioning.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><i><span style=\"font-weight: 400;\">The Bangalore Building Cooperative Society<\/span><\/i><span style=\"font-weight: 400;\">, established in 1909, is widely regarded as India\u2019s first-ever cooperative society. It was soon followed by the <\/span><i><span style=\"font-weight: 400;\">Bombay Cooperative Housing Association<\/span><\/i><span style=\"font-weight: 400;\"> in 1913. In the meantime, the Cooperative Societies Act of 1912 had also been enacted. In 1969 came the <\/span><i><span style=\"font-weight: 400;\">National Cooperative Housing Federation<\/span><\/i><span style=\"font-weight: 400;\">. It is the apex organisation that supports housing cooperatives across India, providing them with guidance, training, and financial assistance. Today, cooperative societies in states are governed by different State Cooperative Society Acts and regulated by the Registrar of Cooperative Societies.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-objectives-of-cooperative-society\" class=\"wp-block-heading\">Objectives of Cooperative Society<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Affordable housing and shared living are two major goals of cooperative societies. Here are some of its many objectives:\u00a0\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<ol>\r\n<li><span style=\"font-weight: 400;\">Providing affordable housing solutions to its members.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Offering financial assistance to its members for the construction of houses.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Encouraging a self-reliant way of living.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Provide a safe and secure living environment.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Fostering a healthy living standard by providing all basic amenities.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Ensuring due compliance with all relevant laws and regulations.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Resolving disputes within the society and fairly addressing the conflicts.\u00a0<\/span><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h2 id=\"h-features-of-cooperative-society\" class=\"wp-block-heading\">Features of Cooperative Society<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Multiple factors distinguish cooperative societies from other housing setups. Here are some of its highlighting features:\u00a0\u00a0<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><b>Open &amp; Voluntary Membership: <\/b><span style=\"font-weight: 400;\">Membership in a cooperative society is voluntary. Individuals can choose to join or leave the society as per their own will, provided they adhere to the <\/span>housing society&#8217;s rules and regulations.<\/li>\r\n\r\n\r\n\r\n<li><b>Democratic Functioning: <\/b><span style=\"font-weight: 400;\">Cooperative societies function with the idea of \u2018<\/span><i><span style=\"font-weight: 400;\">one man, one vote<\/span><\/i><span style=\"font-weight: 400;\">.\u2019 All members enjoy an equal say in decision-making, and the office bearers are elected through fair processes.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Collective Ownership: <\/b><span style=\"font-weight: 400;\">Each member has a share in the ownership of a cooperative society. This is because housing units are available to the members only after they purchase the society\u2019s shares.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Welfare Motive: <\/b><span style=\"font-weight: 400;\">Cooperative societies are not driven by a motive to maximise profits. Instead, they focus on providing the maximum value to the members with minimum resources.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Autonomous Legal Entity: <\/b><span style=\"font-weight: 400;\">Cooperative societies are autonomous bodies that must be legally registered under the specified State Cooperative Societies Acts. They enjoy complete independence in their daily functioning.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Shared Financial Responsibility: <\/b><span style=\"font-weight: 400;\">The purchase and maintenance of society properties is a <\/span>key responsibility of every society member<span style=\"font-weight: 400;\">. This fosters a division of administration and greater inclusivity.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Transparency and Accountability: <\/b><span style=\"font-weight: 400;\">Transparent functioning ensures that the<\/span> housing society&#8217;s rules and regulations<span style=\"font-weight: 400;\"> are always fulfilled. Regular audits, general meetings, and detailed financial reporting are essential to a cooperative society\u2019s functioning.\u00a0<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 id=\"h-types-of-cooperative-society\" class=\"wp-block-heading\">Types of Cooperative Society<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">There are multiple types of cooperative society setups. The four major types are listed below:\u00a0<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><b>Ownership Housing Societies: <\/b><span style=\"font-weight: 400;\">In an ownership cooperative setup, the society owns the land, and the members own the houses. The land is owned on a freehold or a lease basis. Members can carry out construction but must adhere to <\/span>housing society rules and regulations <span style=\"font-weight: 400;\">to sublet or transfer the homes.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Co-Partnership Housing Societies: <\/b><span style=\"font-weight: 400;\">The society here owns both the land and the building on a lease or freehold basis. Members can occupy the allotted flats immediately after making the initial payment and the monthly rent.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>House Mortgage Societies: <\/b><span style=\"font-weight: 400;\">Such societies lend money to their members to help construct their properties. However, the members oversee the entire construction themselves.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>House Construction or House Building Societies:\u00a0 <\/b><span style=\"font-weight: 400;\">Such cooperatives oversee the construction on the members\u2019 behalf and hand it over to them upon completion. The amount spent on the construction is later recovered from the member as a loan.\u00a0\u00a0<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 id=\"h-advantages-of-cooperative-society\" class=\"wp-block-heading\">Advantages of Cooperative Society<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Now that, the question of <\/span><i>what is a cooperative society <\/i><span style=\"font-weight: 400;\">is out of our way. Let\u2019s take a look at some of its highlighting advantages:\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Affordable Housing Option<\/strong><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The per-head cost in a cooperative society is considerably less. Members enjoy modest down payments, minimal pre-closure fees and longer credit tenures.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Tax Benefits<\/strong><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Members of cooperative societies enjoy tax deductions. For instance, they can claim deductions on housing loan interest payments and principal repayments under specific sections of the Income Tax Act. These benefits help reduce their overall tax liability, making homeownership even more affordable.<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Self Governance<\/strong><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The members of a cooperative society are solely responsible for their well-being. From budgeting to repairing, legal tasks to administrative work, cooperative society members enjoy complete freedom to govern themselves however they want.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Long Term Arrangement<\/strong><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">A cooperative society is a long-term arrangement. As a legal entity, it remains unaffected by individual members&#8217; entry or exit, making it a desirable avenue for long-term property investments.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><strong>Close Knit Community<\/strong><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Since cooperative societies focus on collective living, members are more interdependent on each other. This often fosters a positive community spirit that is less prominent in other society setups.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-how-is-a-cooperative-society-formed\" class=\"wp-block-heading\">How is a Cooperative Society Formed?<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The first step in forming a cooperative society in India is to gather at least 10 members who share a common housing vision. These members will act as the society&#8217;s promoters and play a key role in its registration process.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In India, many cooperative societies seek support from the National Cooperative Housing Federation of India (NCHFI). The bye-laws governing these societies are provided by the respective state cooperative societies acts or the Multi-State Cooperative Societies Act, 2002, if the society operates in more than one state. Further, cooperative societies are also governed by the Cooperative Societies Act, 1912 or other state-specific acts.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-how-to-register-a-cooperative-society\" class=\"wp-block-heading\">How to Register a Cooperative Society?<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">A cooperative society in India must be registered under the respective State Cooperative Societies Act or the Multi-State Cooperative Societies Act, 2002. It is an important part of adhering to <\/span>housing society rules and regulations<span style=\"font-weight: 400;\">. Here are the steps to follow:<\/span><\/p>\r\n\r\n\r\n\r\n<ol>\r\n<li><span style=\"font-weight: 400;\">Elect a chief promoter of the society from the group of promoters.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Choose a desired name for the society while also providing two alternatives.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Obtain Form A from the Registrar of Cooperative Societies office.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Fill in the form with all details and submit it to the registrar along with the due payment of all charges.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Once approved, the bye-laws will be adopted, and a certificate of registration will be issued.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Further, each house in the society will enjoy a share capital shared equally with all residents.\u00a0<\/span><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h2 id=\"h-documents-required-while-registration-cooperative-society\" class=\"wp-block-heading\">Documents Required While Registration Cooperative Society<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Document requirements for registering a cooperative society vary from state to state. Members must inquire at the registrar\u2019s office before submitting their application. Some of the common document requirements are listed below:<\/span><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><span style=\"font-weight: 400;\">Application Form (Form A)\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">A Memorandum of Association (MoA) including the objectives, member details, and registered office address.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Articles of Association (AoA) outlining the rules, regulations, and operational guidelines.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Four copies of the Application Form with the sign of at least 90% of the promoters.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Four copies of the proposed bye-laws.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">A list of promoter members with their names, addresses, and personal details.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Bank statements related to the society.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">A cover letter stating the purpose of forming the society, signed by all founding members.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Proof of payment of registration fees.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Title Clearance Certificate issued by a practising lawyer.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Others as specified by the registrar.\u00a0<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 id=\"h-how-to-become-a-member-of-a-cooperative-society\" class=\"wp-block-heading\">How to Become a Member of a Cooperative Society?<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Upon deciding on the desired cooperative society, one should follow these steps to gain its membership:<\/span><\/p>\r\n\r\n\r\n\r\n<ol>\r\n<li><span style=\"font-weight: 400;\">Apply for the society\u2019s membership form.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Pay the required share price and entry fees.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Provide the necessary information about ownership of any other property\/ asset.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Provide an assurance that the purchased property will solely be used for the intended purpose.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Disclose all your income sources.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Provide a certified copy of your stamped agreement with the promoter.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Submit other declarations\/ documents needed as per the society\u2019s bye-laws.<\/span><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<h2 id=\"h-what-is-the-importance-of-adhering-to-housing-society-rules-and-regulations\" class=\"wp-block-heading\">What is the Importance of Adhering to Housing Society Rules and Regulations?<\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Adhering to <\/span>housing society rules and regulations<span style=\"font-weight: 400;\"> in India is crucial for maintaining a peaceful and well-functioning living environment. Here are some key points highlighting its importance:<\/span><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><span style=\"font-weight: 400;\">It promotes peace, reduces conflicts, and establishes harmony among residents.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">It upholds the spirit of mutual understanding.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">It ensures a safe and secure living environment for the residents.\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">It protects property and amenities by enforcing regular maintenance.\u00a0\u00a0<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">It provides necessary usage restrictions to prevent damage.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">The regulations promote social interaction and participation in society meetings.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">They help establish financial stability through timely fee payments and transparent audits.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Society&#8217;s rules keep local laws in place and avoid penalties.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">It promotes fairness and equality, ensuring all residents are treated equally and enjoy fair dispute resolution.\u00a0<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 id=\"h-wrapping-up\" class=\"wp-block-heading\">Wrapping Up<\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Cooperative societies provide an unmatched sense of community. Members enjoy a supportive and organised living environment that gives everyone equal opportunities. The affordability of cooperative societies makes them a highly popular choice in India. Whether you want to join or start a co-operative housing society, it is important to understand the necessary legal procedures. Further, adhering to the <\/span>housing society rules and regulations in India is equally important. Keeping the collaborative core of cooperative societies intact is the key responsibility of society residents and helps keep the spirit of shared living alive.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 id=\"h-faq-s-about-cooperative-society\" class=\"wp-block-heading\">FAQ&#8217;s about Cooperative Society<\/h2>\r\n\r\n\r\n\t\t<section\t\tclass=\"sc_fs_faq sc_card    \"\n\t\t\t\t>\n\t\t\t\t<h3>Q. What is meant by a cooperative society?<\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t<div class=\"sc_fs_faq__content\">\n\t\t\t\t\r\n\r\n\r\n<p>A cooperative housing society is a legal entity where members collectively own and manage residential property.<\/p>\r\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section\t\tclass=\"sc_fs_faq sc_card    \"\n\t\t\t\t>\n\t\t\t\t<h3>Q. What are the functions of a cooperative society?<\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t<div class=\"sc_fs_faq__content\">\n\t\t\t\t\r\n\r\n\r\n<p>Some of the prominent functions of a co-operative society include managing the property, forming the housing rules and regulations, ensuring compliance with legal regulations, and addressing the grievances of members.<\/p>\r\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section\t\tclass=\"sc_fs_faq sc_card    \"\n\t\t\t\t>\n\t\t\t\t<h3>Q. What is the benefit of a cooperative society?<\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t<div class=\"sc_fs_faq__content\">\n\t\t\t\t\r\n\r\n\r\n<p>Cooperative societies provide many benefits, including affordable housing, democratic functioning, tax benefits, and a strong sense of community.<\/p>\r\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section\t\tclass=\"sc_fs_faq sc_card    \"\n\t\t\t\t>\n\t\t\t\t<h3>Q. What is the main objective of a cooperative society?<\/h3>\t\t\t\t<div>\n\t\t\t\t\t\t<div class=\"sc_fs_faq__content\">\n\t\t\t\t\r\n\r\n\r\n<p>The main objective is to provide affordable, well-maintained housing and promote a cooperative and democratic living environment for its members.<\/p>\r\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\n<script type=\"application\/ld+json\">\n\t{\n\t\t\"@context\": \"https:\/\/schema.org\",\n\t\t\"@type\": \"FAQPage\",\n\t\t\"mainEntity\": [\n\t\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Q. What is meant by a cooperative society?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"\r\n\r\n\r\n<p>A cooperative housing society is a legal entity where members collectively own and manage residential property.<\/p>\r\n\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Q. What are the functions of a cooperative society?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"\r\n\r\n\r\n<p>Some of the prominent functions of a co-operative society include managing the property, forming the housing rules and regulations, ensuring compliance with legal regulations, and addressing the grievances of members.<\/p>\r\n\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Q. What is the benefit of a cooperative society?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"\r\n\r\n\r\n<p>Cooperative societies provide many benefits, including affordable housing, democratic functioning, tax benefits, and a strong sense of community.<\/p>\r\n\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t,\t\t\t\t{\n\t\t\t\t\"@type\": \"Question\",\n\t\t\t\t\"name\": \"Q. What is the main objective of a cooperative society?\",\n\t\t\t\t\"acceptedAnswer\": {\n\t\t\t\t\t\"@type\": \"Answer\",\n\t\t\t\t\t\"text\": \"\r\n\r\n\r\n<p>The main objective is to provide affordable, well-maintained housing and promote a cooperative and democratic living environment for its members.<\/p>\r\n\"\n\t\t\t\t\t\t\t\t\t}\n\t\t\t}\n\t\t\t\t\t\t]\n\t}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been over a century since cooperatives were introduced in India. The values of collective action and support were used during the colonial era to promote agricultural and credit cooperatives. Soon, these ideas extended to the housing sector, creating cooperative societies. Today, India has over a lakh of them. But what is a cooperative society [&hellip;]<\/p>\n","protected":false},"author":110,"featured_media":875698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/875696"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=875696"}],"version-history":[{"count":7,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/875696\/revisions"}],"predecessor-version":[{"id":1084973,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/875696\/revisions\/1084973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/875698"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=875696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=875696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}