The concept is spreading to B and C tier cities as well. This is ideal for the growing population of India with gated communities, secure environment, common utilities, clubs, and playing areas. Most of these are built by private developers and unfortunately quality compromises are often noticed. With RERA regulations, developers have now been made accountable for making deliveries on time, providing proper land & apartment documentations and assured product quality.
Mumbai Housing Societies are not Insured
Indian subcontinent - Landmass is vulnerable to natural catastrophes