BMACBS

The Bheemunipatnam Mutually Aided Co-operative Building Society Ltd., 2443

Activities & Services of BMACBS

  1. The Bheemunipatnam Mutually Aided Co-operative Building Society is a Registered, Autonomous Co-operative Society under the APMACS Act 1995 functioning as a non-commercial entity on No Profit – No Loss basis.
  2. To develop the land as a layout as per VUDA standards with roads, power, water supply and common utilities for social, recreational, religious purposes.
  3. To build or cause to build residential houses or apartments for the members
  4. To establish and maintain social, recreational, educational religious, public health or medical institutions for the benefit of the members
  5. To raise funds required for the business of the Society through deposits or other means.
  6. To buy or acquire land by purchase, mortgage, lease or exchange or otherwise.
  7. To provide house sites for the members.
  8. To construct or cause to construct buildings for common utility of the Society.
  9. To hold, sell, mortgage, lease out or on hire purchase system or otherwise lease of land, houses, house sites, buildings and all other properties, movable or immovable.
  10. To enlarge and diversify the activities of the Society, in tune with the technology and time, necessary for the accomplishment of the objectives of the Society and for the comfort, convenience and good of the members