The Maharashtra Ownership Flats Act, 1963 was enacted to regulate the promotion, construction, sale, management, and transfer of flats in Maharashtra, addressing rampant malpractices in the real estate sector. Introduced to protect flat purchasers from fraudulent builders and unfair agreements, the law mandates transparency in transactions. Key provisions require builders to register property titles, disclose full project details, and execute proper agreements before accepting payments. It also ensures the formation of cooperative societies or condominiums for smooth management post-construction and prohibits unilateral alterations to plans. Amendments over time have strengthened buyer rights, including penalties for non-compliance. This pioneering legislation laid the groundwork for later reforms like RERA (2016).