Towards revival of the cooperative housing movement

Patterson31 · Apprentice Joined: 18 Aug 2011 Posts: 1

Since the year 1969 the cooperative housing movement has contributed substantially towards increasing the housing stock within the country. The main objective of the cooperative housing movement “was to promote cooperative housing in the country and also to coordinate and facilitate the operation of the various cooperative housing societies”.

The cooperative movement has gained momentum and the number of housing units being developed each year is now substantial. Yet this movement has been unable to maintain its momentum in a progressive manner. The failure of many of these the cooperatives stems from the lack of public awareness about the advantages of the cooperative housing sector.

It has been observed that cooperatives have flourished among the middle and higher income groups while they have completely failed to stimulate housing activities in the lower income groups. Even the Task Force on Housing and Urban Development has made strong observations on the fact that cooperative housing is totally absent among the lower-income groups. It has strongly recommended that low-income groups should be encouraged to form cooperatives in order to meet their immediate shelter requirements.