What are the Different Types of Housing Societies?

I live in a housing society and also serve as the secretary of the society. I am familiar with the different types of housing societies, such as Tenant-ownership housing co-operatives, Tenant co-partnership housing co-operatives, House construction societies, and Housing mortgage societies. I will share some of the benefits of living in a housing society, which will give you a better idea of it.

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What are the Housing Societies Types?

You should refer to the response of Abhaya, where she explained many housing societies well. Let me share the benefits of living in a housing society here.

1. One of the biggest advantages is that we all share the cost of amenities and services, so it becomes much more affordable for everyone. Members share the costs of security, maintenance, and utilities equally.

2. Every new member goes through a proper verification process before being accepted into the society. This helps ensure we maintain a safe and trustworthy community, free from unwanted elements.

3. As homeowners in a cooperative society, we may also be eligible for certain tax deductions, especially on property taxes, because we are part-owners of the property.

These are some benefits of living in a housing society. I hope this information is helpful to you.

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What is Cooperative Housing Society Meaning?

When I started living in a society, I realised that there are many types of housing society which exist. During my research, I found there are 5 main types of societies, including the Ownership Housing Society, Co-partnership Housing Society, House Mortgage Society, and so on. Each offers different benefits and various ways of managing property. I have shared the complete lists of housing societies I came across below.

5 Different Types of Housing Societies

As I researched housing society's options, I learned the differences between them. Here are 5 types.

Ownership Housing Societies

In this type, the society owns the land, but the members ‌own their homes. It’s a common choice for those who want ownership but within a community setup. I saw this model firsthand when visiting a few local societies—everyone owned their apartments but shared common areas like gardens and parking spaces.

Co-partnership Housing Societies

Here, both the land and buildings are owned by the society. Members receive flat allocations from the society. The interesting part was that while members don’t own the property outright, they still have a say in the management and maintenance. It felt like a true partnership.

House Mortgage Societies

This one was different. The society gives loans to members for building houses, but the responsibility of construction lies with the individual members. I spoke with a few people who had benefited from such societies, and it seemed like a great option for those who want to build their homes with financial help.

House Construction Societies

This type provides funding for both construction and the actual homes. It’s ideal for people who want to build from scratch, and the society offers financial support throughout the process.

Tenant-Ownership Housing Cooperatives

In this setup, the society owns the land, and the members construct their own homes. This felt more hands-on, with each individual or family responsible for building their dream home with the society’s backing

I learned that choosing the right society depends on what level of involvement you want in ownership and construction. I hope this helps you understand the types of housing society.

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