Housing society
Encyclopedia
For the Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

 organization, see Hong Kong Housing Society
Hong Kong Housing Society
The Hong Kong Housing Society or Housing Society for short, is the second largest public housing provider in Hong Kong . The HKHS is a non-governmental organization and non profit organization that was founded in 1948 by "members coming from all walks of life" with a donation of £14,000...

.


Housing society is a term used to describe residential complexes usually consisting of buildings each having flat
Apartment
An apartment or flat is a self-contained housing unit that occupies only part of a building...

s, especially in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

. A housing society is a group of house owners generally residing in same building, apartments or same premises formed as per relevant laws for smooth functioning of utilities and other amenities provided to them. The housing society formed must be formally registered with registrar of Co-operatives. Each state has its own rules in this regard. Each building in same premise may have separate housing society or one. Many housing societies form one federation. Housing societies run on the fees or charges levied by them on house or flat owners. Some of the housing societies in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

are cash rich, having millions of rupees in their bank account.
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