Q.State any four functions of a housing co-operative society.

A housing society's functions all revolve around getting land, building homes and keeping them in order for members.

A housing co-operative society performs functions built around the single object of providing and maintaining homes for members. Four of its main functions are:

1. Acquiring and developing land — It obtains a suitable piece of land by purchase or long lease and develops it with roads, water supply, drainage and electricity, so that houses or flats can be built on it.
2. Constructing houses or flats — It prepares building plans, gets them approved by the local authority, arranges materials and labour, and constructs the houses or flats for its members.
3. Arranging finance — Because housing is costly, it raises large long-term loans from co-operative housing bodies, banks and government schemes and passes this finance on to members on easy instalments.
4. Maintaining common property and services — After the buildings are ready, it looks after the upkeep of the structure, staircases, lifts, water tanks, gardens, roads and security, meeting the cost from members' monthly maintenance charges. …

Do not confuse functions (what the society does — acquire land, build, finance, maintain) with features (what the society is — volu …