A legacy of urban renewal

Mumbai’s journey into housing society redevelopment began in the early 2000s, driven by the need to replace aging, dilapidated structures with modern, safer buildings. The Maharashtra government’s introduction of regulations such as Section 33(7) of the Development Control and Promotion Regulations (DCPR) 2034 provided a legal framework for this transformation. These policies aimed to incentivize builders to invest in redevelopment projects by offering increased Floor Space Index (FSI) and Transfer of Development Rights (TDR), facilitating the construction of taller, more efficient buildings.

Over the years, redevelopment has become a significant aspect of Mumbai’s urban planning, with thousands of societies entering into agreements with developers to revitalize their properties. However, the process has been fraught with challenges, including delays, disputes, and concerns over the fairness of the deals offered to homeowners.

The numbers behind redevelopment

According to a report by Knight Frank India, as of 2025, approximately 910 housing societies in Mumbai have signed redevelopment agreements since 2020, unlocking nearly 327 acres of land. These projects are expected to add over 44,000 new homes to the city’s housing stock by 2030, with an estimated value of ₹1.3 lakh crore. The majority of these developments are concentrated in the western suburbs, particularly between Bandra and Borivali, while South Mumbai has seen comparatively fewer projects.

What homeowners are actually getting?

While developers often promise significant increases in carpet area, the reality for many homeowners has been less favorable. In some cases, societies have been offered 100% or more additional area, but these deals are often unsustainable and can lead to project delays or cancellations. Experts suggest that a more reasonable expectation is an additional 30% to 50% of the original carpet area, depending on the location and market conditions.

For instance, a housing society in Dahisar, Mumbai, embarked on redevelopment in 2013 with promises of 40% extra space and timely completion. However, the project faced numerous setbacks, including halted rent payments and a reduction in the promised additional area to just 10% by 2024, leading to significant hardships for the residents.

Dream promises vs. realistic expectations

Some developers offer substantial increases in carpet area, sometimes promising 100% or more extra space, to attract housing societies. However, these “dream promises” are often unrealistic and can result in project delays, stalled construction, or even cancellations, leaving homeowners in difficult situations.

Experts suggest that a more reasonable expectation for additional carpet area is between 30% and 50%, depending on the location and market conditions. Setting achievable targets ensures that redevelopment projects remain financially viable for developers while still benefiting residents.

A striking example is a cooperative housing society in Dahisar, Mumbai, which embarked on redevelopment in 2013 with promises of 40% extra space. Over the years, the project faced multiple setbacks, and by 2024, the promised additional area was reduced to just 10%, highlighting the significant gap between initial promises and the reality delivered to homeowners.

Legal safeguards and due diligence

To protect homeowners, the Maharashtra government has introduced new redevelopment rules in 2025. These regulations mandate that Memorandums of Understanding (MoUs) between societies and developers clearly outline terms such as rent compensation, flat sizes, project timelines, penalties for delays, and legal remedies in case of disputes.

Despite these safeguards, many societies still fall prey to unscrupulous developers. Common mistakes include inadequate due diligence, lack of financial transparency, and failure to verify the developer’s track record. Experts advise societies to thoroughly vet potential developers, ensure clear and enforceable agreements, and maintain active oversight throughout the redevelopment process.

Looking ahead

As Mumbai continues its redevelopment journey, the focus is shifting towards sustainable and equitable growth. The influx of new housing units is expected to alleviate some of the city’s housing shortages, but only if the redevelopment process is managed responsibly. Homeowners and developers alike must prioritize transparency, fairness, and long-term planning to ensure that the benefits of redevelopment are realized by all stakeholders.

Not long ago, the idea of opening your front door with just a fingerprint or a mobile app felt futuristic. In 2025, it is no longer a luxury. Smart locks are quickly becoming a practical upgrade for Indian homes. From families in Bengaluru apartments to independent houses in Pune, more and more people are replacing traditional locks with smart ones that promise convenience and security.

Why 2025 feels like a turning point for smart locks

There are three big reasons why smart locks are seeing a surge in adoption across Indian households this year.

1. Growing market size

Industry reports show that India’s smart lock market was already worth tens of millions of dollars in 2024 and is on track to grow steadily over the next five years. The market is expected to see double-digit annual growth, which means more availability, better competition, and more affordable pricing for buyers.

2. Reliable features

Smart locks today offer multiple ways to unlock. A typical lock now supports fingerprint scanning, PIN entry, mobile app access through Wi-Fi or Bluetooth, guest OTPs, and a mechanical backup key. Families no longer have to rely on a single method, making these locks more practical.

3. Integration with everyday life

Smart locks are no longer standalone gadgets. They are becoming part of larger ecosystems. For some people, that means connecting their lock to Alexa or Google Home. For others living in apartment communities, it means having their smart lock linked with a society app like Mygate. Mygate started as a visitor management tool, but in 2025 it has become a full society ERP solution covering accounting, billing, and automation. Smart locks in this context are just one piece of a bigger digital platform for communities.

Who is buying smart locks in 2025

Different types of buyers are driving the demand for smart locks in India.

1. Value conscious families

Most urban families prefer smart locks that are affordable and easy to set up. Fingerprint plus PIN models with app access are the most popular. Price, battery life, and local installer support are the biggest deciding factors.

2. Tech enthusiasts

Premium homeowners and early adopters are exploring new forms of biometrics, such as palm or vein recognition and facial unlock. They are also drawn to locks that support the latest standards like Matter or ultra wideband so they can integrate smoothly with other smart devices.

3. Resident welfare associations

For RWAs and gated communities the focus is on convenience and control. They prefer locks that can generate temporary codes for visitors log entry times and integrate directly with society apps. Mygate for example offers ERP driven workflows where a visitor entry on the app can link directly to a resident’s smart lock for a seamless experience.

Key trends shaping the smart lock market this year

• Multi-mode access is now the default. Fingerprint, PIN, app, OTP, and a physical key together give peace of mind.
• Facial recognition is gaining traction, especially in premium homes, since it works better in Indian conditions, where fingerprints can be affected by dust or moisture.
• Battery life is improving. Many locks now last six months or more on a single charge, and some offer emergency USB charging.
• New standards like Matter and ultra wideband are starting to appear in higher-end models, making it easier to connect locks with the rest of a smart home.
• Security and privacy have become strong buying factors. Indian homeowners now check if locks have encrypted communication tamper alerts and local storage options before they decide.

The numbers behind the trend

• The Indian smart lock market was already generating tens of millions of dollars in 2024, and is forecast to grow steadily to 2030.
• CAGR estimates range between 14 and 26 percent, making smart locks one of the fastest-growing categories in the smart home sector.
• Several brands, both global and Indian, launched new models in 2024 and 2025, with palm and vein recognition now appearing in premium devices.

Things to check before buying a smart lock

If you are planning to install a smart lock this year, keep these points in mind:

• Check if the lock is compatible with your door type: mortise, rim, or cylindrical.
• Look for at least three access methods, ideally: fingerprint, PIN and app access.
• Make sure there is an emergency power option, such as USB charging.
• Check the warranty and availability of after-sales service in your city.
• Prefer locks with strong encryption and tamper alerts.
• If you live in a society, check if the lock can connect with your society’s ERP or visitor management system, like Mygate.

Event management in housing societies is more than just celebrations. From cultural festivals and fitness drives to AGMs and townhalls, events bring residents together, strengthen community spirit, and showcase how vibrant a gated society can be.

Yet for Resident Welfare Associations (RWAs) and management committees, organizing events comes with challenges budgeting, resident participation, logistics, communication, and compliance. Without the right tools, this can feel overwhelming.

That’s where Mygate, India’s top society management app, transforms the way events are planned and executed. By integrating apartment communication software, facility booking tools, resident engagement features, and accounting solutions, Mygate ensures events are smooth, transparent, and well-attended.

Why events matter in housing societies

• Stronger community bonding– Residents meet, interact, and feel more connected.
• Cultural engagement– Societies celebrate festivals, traditions, and diversity.
• Higher resident satisfaction– Active communities see better participation and harmony.
• Showcase vibrancy– A lively society attracts new residents and boosts reputation.

Key challenges in event management

RWAs often struggle with:

• Budget management– Tracking expenses, contributions, and approvals.
• Resident participation– Ensuring wide engagement across age groups.
• Logistics & vendor coordination– Managing bookings, permissions, and schedules.
• Safety & compliance– Meeting legal guidelines for gatherings.
• Communication gaps– Reaching all residents effectively and on time.
• Feedback collection– Ensuring continuous improvement for future events.

How Mygate simplifies event management

1. Plan events based on resident interests

• Use Mygate Polls & Surveys to capture community preferences.
• Tailor events to actual demand (festivals, fitness programs, workshops, AGMs).

2. Manage budgets with transparency

• Mygate Society Accounting helps track event expenses.
• Automates collections for paid events with digital payment options.
• Provides full visibility to treasurers and auditors.

3. Facility & venue booking made easy

• Reserve clubhouses, parks, or auditoriums via Mygate Facility Booking App.
• Prevents double-bookings and ensures fair access.

4. Drive participation & registrations

• Use Mygate Announcements to promote events.
• Residents register instantly through the app.
• Payments (if applicable) are collected digitally with receipts auto-generated.

5. Streamline execution & roles

• Assign tasks to volunteers via Mygate Task Management.
• Manage entry/exit for vendors with Visitor Management Integration.
• Security teams get real-time updates on event requirements.

6. Ensure safety & compliance

• Use Digital Guidelines Publishing in the app for do’s and don’ts.
• Emergency contact and security alerts shared instantly if needed.

7. Post-event feedback & cleanup

• Gather suggestions via Polls & Surveys.
• Feedback dashboards help RWAs improve next events.

The role of technology in RWA event management

Event management in gated communities is no longer manual. Mygate integrates:

• Apartment communication software– Instant alerts, reminders, and updates.
• Resident engagement tools– Polls, surveys, announcements.
• Facility booking app– Simplified scheduling and availability tracking.
• Visitor management system– Vendor and guest access with security integration.
• Society accounting software– Transparent budgeting and expense control.

This makes Mygate a complete solution for RWAs looking to reduce stress and increase participation in community events.

Conclusion

With Mygate, event management in housing societies becomes structured, transparent, and stress-free. From planning and budgeting to execution and feedback, Mygate equips RWAs with everything they need to run successful events.

Whether it’s a cultural festival, a sports competition, or an AGM, Mygate ensures every event strengthens resident engagement and positions your society as a vibrant, well-managed community.

FAQs

As a management committee member, do you often find it challenging to send timely and clear updates to residents? Or even after sending updates, do you still hear residents say they weren’t aware of a particular notice or issue?

Are your residents struggling to stay connected with one another or with the association? These are common communication challenges in Indian housing societies that often lead to confusion, frustration, and misunderstandings.

Fortunately, Mygate, India’s best society management app, is here to transform the way you engage with your community. With its powerful communication features, Mygate simplifies apartment communication, fosters transparency, and builds stronger resident engagement helping create a more harmonious and well-connected society.

Typical apartment communication challenges

• Difficulty in connecting pre-possession: Before taking possession, owners face hurdles in connecting with fellow buyers about construction issues, builder concerns, or possession timelines.
• Fragmented communication post-possession: Post-possession, residents often rely on ad hoc WhatsApp or Facebook groups that are cluttered and lack structure.
• Ad-saturated free apps: Many communities experiment with free apps, but because they bombard users with ads, residents lose interest.
• Missed notices and updates: Notices on physical boards or informal groups often go unnoticed, creating awareness gaps.
• Lack of central forum: There’s rarely a single trusted platform where owners, tenants, and RWAs can interact meaningfully.
• Inefficient decision-making: Physical meetings are inconvenient for many, limiting participation in collective decisions.
• Opaque communication: When decisions are not shared clearly, residents feel excluded.
• Unresolved complaints: Lack of structured complaint tracking leaves residents dissatisfied.

The importance of effective communication in housing societies

• Building trust and transparency: Regular updates on maintenance, finances, and decisions make residents feel valued.
• Reducing conflicts: Clear communication prevents disputes and reduces frustration.
• Encouraging participation: Effective tools let residents contribute to decision-making.
• Strengthening belonging: Updates on events, polls, and forums help build community bonds.
• Streamlining operations: Communication tools simplify bookings, maintenance requests, and updates.
• Increasing resident satisfaction: Residents feel more informed and connected, leading to better harmony.
• Empowering RWAs: Stronger communication channels make management committees more accountable and efficient.

How Mygate transforms apartment communication

Mygate bridges the gap in housing society communication by creating a transparent, centralized, and engaging experience.

1. Private social networking & digital forums

Mygate offers a dedicated online space for housing societies.

• Discussion Forums for meaningful conversations between residents and associations.
• Polls & Surveys for collective decision-making.
• Digital Notice Boards for instant, reliable updates.
• Community Galleries to share event photos and moments.

2. Transparent complaint management

With Mygate Helpdesk, complaint management becomes simple and trackable.

• Residents can lodge complaints and monitor resolution progress in real time.
• RWAs can update status until the issue is closed, ensuring accountability.
• This transparency strengthens trust between residents and committees.

3. Convenience with Mygate app

Mygate’s mobile app ensures seamless communication and access:

• Stay connected anytime, anywhere.
• Book facilities, raise service requests, and pay bills in-app.
• Never miss an important update with instant push notifications.

4. Comprehensive broadcast options

Mygate provides versatile ways to reach residents effectively:

• App Notifications for quick alerts.
• Email & SMS Broadcasts for urgent or formal notices.
• Digital Sticky Boards to highlight priority updates.

5. Enhanced community engagement

Mygate makes community participation effortless:

• Residents can engage in polls, discussions, and decision-making.
• Facility bookings, hobby classes, and events are streamlined.
• RWAs can strengthen bonds with structured, clutter-free updates.

Build trust and engagement with Mygate

Mygate ensures seamless interaction between residents and management committees. By making communication transparent and accessible, it empowers RWAs, reduces misunderstandings, and creates a stronger sense of belonging in every community.

With features designed to solve real housing society challenges, Mygate is the trusted choice for societies across India.

Transform your apartment communication today with Mygate India’s #1 resident-first society management app.

FAQs

Bengaluru is a city of fast-paced growth, gated communities, and a thriving IT hub. With more than 25,000 apartment complexes and cooperative housing societies across the city, Resident Welfare Associations (RWAs) face the massive challenge of managing finances, security, communication, and facilities efficiently. Traditional methods like WhatsApp groups, Excel sheets, and notice boards often fall short.

This is where Mygate emerges as Bengaluru’s leading society management software. Built for India’s urban communities, Mygate helps RWAs automate financial processes, enhance security, improve resident communication, and simplify daily community living.

Why RWAs in Bengaluru need a modern society management app

RWAs across neighborhoods like Whitefield, Sarjapur, Hebbal, and Electronic City juggle multiple responsibilities:

• Collecting maintenance fees on time
• Keeping track of income, expenses, and audits
• Managing visitor entry and deliveries
• Ensuring compliance with Karnataka and Indian cooperative housing laws
• Handling clubhouse bookings, parking, and resident disputes

Without a digital platform, these tasks consume hours of manual effort, often creating frustration among residents. Mygate solves these problems with an all-in-one society ERP software designed specifically for Bengaluru’s apartment communities.

Key features of Mygate for Bengaluru RWAs

1. Automated Billing and Accounting

• Generate invoices for maintenance, CAM (common area maintenance) charges, sinking funds, and utilities.
• Enable residents to pay digitally via UPI, net banking, credit cards, or wallets.
• Ensure GST/TDS compliance automatically, reducing audit risks.
• Provide RWAs with real-time dashboards and downloadable financial reports.

2. Resident App for Communication and Payments

• Residents can pay maintenance fees in a few clicks.
• Push notifications replace outdated circulars.
• Community polls, announcements, and emergency alerts foster transparency.

3. Visitor and Delivery Management

• Digital gate passes for guests, staff, and delivery partners.
• Reduced waiting time at security gates, improving resident experience.
• Verified entry logs that RWAs can access anytime.

4. Facility and Clubhouse Bookings

• Residents can book gyms, swimming pools, halls, or hobby classes directly in-app.
• RWAs can manage availability, timings, and charges without paperwork.

5. Event & Lifestyle Engagement

• Organize community events like festivals, workshops, or cultural gatherings.
• Broadcast schedules and reminders to all residents.
• Promote harmony and social bonding in Bengaluru’s high-rise culture.

6. Compliance & Audit Readiness

• Built-in workflows align with Indian cooperative housing society rules.
• Digital records ensure that statutory audits are simple and transparent.
• RWAs can demonstrate compliance to residents and authorities with ease.

7. Data Security and Resident Privacy

• Data hosted on secure servers with strict access controls.
• No compromise on resident privacy.
• Transparency in how payments, visitor data, and communication are handled.

Why Mygate is Bengaluru’s best society management app

Unlike generic accounting tools or fragmented apps, Mygate delivers an integrated ERP solution for gated communities. For RWAs in Bengaluru, this means:

• Faster dues collection with digital reminders and payment gateways
• 100% financial transparency that builds trust among residents
• Seamless operations for security, billing, and communication on one app
• Scalability whether it’s a 50-unit apartment in JP Nagar or a 2,000-flat township in Whitefield

RWAs that have shifted from manual processes to Mygate report higher resident satisfaction, smoother audits, and stronger community engagement.

Resident experience: A Bengaluru perspective

Take the case of a large apartment society in Bellandur. Before Mygate, residents struggled with delayed dues, disputes over accounts, and chaotic gate entry. After adopting Mygate, maintenance collections improved by 35%, visitor entry became seamless, and communication within the community shifted from cluttered WhatsApp groups to a structured, ad-free platform.

For RWAs, this isn’t just about efficiency. It’s about building trust and harmony in communities.

Final thoughts

Bengaluru is India’s pioneer in adopting digital-first living, and RWAs in the city deserve a platform that matches its pace. Mygate is not just an app but a complete ERP solution for society management, combining financial automation, resident convenience, and community well-being in one place.

For RWAs looking to improve transparency, simplify operations, and boost resident satisfaction, Mygate is the clear choice for Bengaluru’s apartments and gated communities in 2025.

FAQs on society accounting software

Managing an apartment community in a fast-growing city like Chennai is not easy. From handling maintenance collections to ensuring strong security and smooth communication, Resident Welfare Associations (RWAs) and property managers face daily challenges.

This is where apartment management software in Chennai comes in. The right digital platform can automate routine tasks, improve financial transparency, enhance visitor security, and bring residents closer together.

In this guide, we’ll explore what to look for when choosing the best apartment management software in Chennai, and why Mygate is trusted by thousands of gated communities across the city.

Why Chennai needs apartment management software

Chennai’s urban expansion has led to a boom in gated communities and high-rise apartments across areas like OMR, Velachery, Anna Nagar, Adyar, and Tambaram. With more families moving into apartments, RWAs are under pressure to manage:

• Timely billing and collections
• Visitor entry and security at large gates
• Resident communication and grievance redressal
• Maintenance tracking during monsoons and seasonal issues
• Transparent society accounting and audits

Manual systems and WhatsApp groups are no longer enough. A society ERP system like Mygate makes community living smarter, safer, and more convenient.

Key features of apartment management software in Chennai

When choosing an apartment management solution, focus on features that truly serve Chennai’s unique needs:

1. Digital Payments and Collections

With Chennai’s rising digital adoption, residents expect online payment options for maintenance, rent, and utility bills. Mygate supports UPI, debit/credit cards, and net banking, making payments seamless while reducing late dues.

2. GST-Ready Society Accounting Software

RWAs in Chennai need transparent, error-free financial management. Mygate’s society accounting software automates billing, generates audit-ready reports, and ensures compliance making life easier for treasurers and auditors.

3. Visitor and Delivery Management

Security is a top priority in Chennai apartments, especially with the surge of deliveries. Mygate’s visitor management system ensures staff attendance tracking, guest pre-approvals, and real-time alerts for safer, more efficient entry management.

4. Resident Communication Tools

From water shortage updates in summer to monsoon-related alerts, timely communication is critical in Chennai. Mygate enables polls, announcements, and complaint tracking, so RWAs and residents are always in sync.

5. Facility and Amenity Booking

Chennai’s communities often feature clubhouses, gyms, and sports courts. With Mygate, residents can book amenities online without confusion or disputes.

6. Reports and Insights

RWAs can use Mygate’s reports and analytics to track collections, maintenance expenses, and amenity usage. These insights help make better decisions and ensure financial accountability.

Why Mygate is the best apartment management software in Chennai

Thousands of Chennai’s gated communities already rely on Mygate to manage their daily operations. Here’s why:

• End-to-end automation: From billing, accounting, and audits to security and communication
• Most trusted visitor management system in Chennai: Built for India’s growing delivery and guest traffic
• Resident-first experience: Simple, intuitive app for payments, requests, and bookings
• Trusted across Chennai: Used by communities in OMR, Velachery, Anna Nagar, Adyar, and beyond
• Scalable solution: Works for both small societies and large multi-tower complexes

With Mygate, RWAs and residents in Chennai can manage finances, strengthen security, and build stronger communities all from one platform.

Benefits of using Mygate in Chennai

• Timely maintenance collections with automated reminders
• GST-compliant accounting for RWAs and societies
• Secure visitor entry with delivery and staff management
• Transparent communication between committees and residents
• Easy amenity booking for gyms, pools, and clubhouses
• Detailed reporting for audits and compliance

Final thoughts

Chennai’s apartment communities deserve a smarter way to manage daily operations. Whether it’s digital payments, visitor management, or society accounting, Mygate is the most reliable and widely adopted apartment management software in Chennai.

By bringing security, finance, and communication under one roof, Mygate makes gated community living more convenient, transparent, and future-ready.

FAQs on society accounting software