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Co-operation · Class 11 Commerce

Ch 9Housing Co-operative Society — Class 11 Co-operation, concept-first.

A house is one of the three basic needs of every human being, along with food and clothing. Yet in a growing town or city, owning a home of one's own is far beyond the reach of an ordinary salary-earner.

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Key concepts

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Meaning and Features of a Housing Co-operative Society

A housing co-operative society is a voluntary association of persons of small and moderate means who pool their resources to acquire land and to build or arrange houses or flats for their members at a reasonable cost, on…

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Chapter contents

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Meaning and Definition of a Housing Co-operative Society

A house is one of the three basic needs of every human being, along with food and clothing. Yet in a growing town or city, owning a home of one's own is far beyond the reach of an ordinary salary-earn…

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Features of a Housing Co-operative Society

A housing co-operative society shares the general features of all co-operatives but also has some characteristics of its own that flow from its special purpose of providing homes.

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Types of Housing Co-operative Societies

Housing co-operative societies are classified according to how the land and the houses are owned and how the society helps its members obtain a home.

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Functions of a Housing Co-operative Society

A housing co-operative society performs a set of interrelated functions, all built around the single object of providing and maintaining homes for its members. Its functions may be grouped as follows.

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Advantages of a Housing Co-operative Society

Housing co-operative societies have brought the dream of a home of one's own within reach of countless ordinary families, especially in crowded towns and cities. Their chief advantages are:

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Limitations of a Housing Co-operative Society

For all their value, housing co-operative societies also suffer from real weaknesses, and an honest study must set these against their advantages. The main limitations are:

Exercises

+Show 12 questions12 questions
  1. Q1The main object of a housing co-operative society is to: (a) Lend money to farmers for cultivation (b) Solve the housing problem of its memb…Free
  2. Q2In a tenant-co-partnership housing society, the ownership of the flat and the building rests with: (a) The individual member who occupies th…Free
  3. Q3State whether the following statement is TRUE or FALSE, and justify your answer: "A house-mortgage housing society itself constructs houses…Free
  4. Q4Define a housing co-operative society and state any four of its features.Preview
  5. Q5Explain the four main types of housing co-operative societies.Preview
  6. Q6Distinguish between a tenant-ownership housing society and a tenant-co-partnership housing society.Preview
  7. Q7State any four functions of a housing co-operative society.Preview
  8. Q8Give reasons: A housing co-operative society depends heavily on long-term loans.Preview
  9. Q9Explain any four advantages of a housing co-operative society.Preview
  10. Q10"Housing co-operative societies suffer from certain limitations." Discuss any four such limitations.Preview
  11. Q11Fill in the blank and justify: The regular monthly amount collected from members of a housing society to meet the cost of upkeep of common p…Preview
  12. Q12Ten friends of moderate income wish to own flats of their own in the city but none of them can afford to buy or build a flat individually. S…Preview