Key Takeaways
- Punjab government approves major amendments to housing society rules.
- New rules include requirements for plot cancellations and management.
- Daily fines for illegal development work range from Rs. 5,000 to Rs. 20,000.
The Punjab government has approved significant changes to the rules governing private housing societies, aimed at enhancing transparency and accountability in the sector.
Under the new regulations, housing societies are required to notify allottees before canceling their plots, ensuring that notices are sent through the Housing Society Management System and registered mail.
Societies must provide allottees with at least two opportunities to pay overdue plot installments, preventing immediate cancellation due to unpaid charges.
For development charges, societies must issue at least two notices before canceling plots, ensuring that allottees have ample time to settle their dues.
The amendments also mandate the submission of applications for new and revised housing schemes through a centralized digital system, streamlining the process.
The maximum residential plot size in low-cost housing schemes has been capped at five marlas, ensuring affordability and uniformity.
To address illegal development work, the new rules introduce daily fines ranging from Rs. 5,000 to Rs. 20,000, providing a deterrent against such practices.
The revised rules also mandate the installation of electricity, internet, and other utility lines underground, promoting safety and modern infrastructure.
Once development work is completed, a seven-member management committee will oversee the society’s affairs, comprising four resident representatives and three sponsor representatives, ensuring balanced governance.
