Maharashtra cooperative minister said the state government would form a separate authority to regulate cooperative housing societies in Mumbai and suburbs.
The minister said this while replying to queries related to amendment of a Bill of the Maharashtra Cooperative Societies Act 1960, in the state assembly, reports Times of India.
The Maharashtra Cooperative Societies Act has been applicable on sugarcane factories, cotton industry, milk, cooperative banks, credit societies that are running on cooperative basis and also cooperative housing societies.
There are total 2.4 lakh societies under the Act that includes over 90,000 housing societies of which over 22,000 are in Mumbai.