50,000 housing societies in Mumbai waiting to get land ownership documents

UntitledBy Accommodation Times Bureau

Near about 50,000 housing societies in the metropolitan region ; in the lack of the ownership of the land ,on which their buildings stand; are facing difficulties in claiming the permissions for redevelopment or maintenance.

Home buyers and activists are now demanding that the Maharashtra Ownership of Flats Act (MOFA) be revised and renovated, specially on the lines of the new stringent real estate regulation law, popularly called RERA (Real Estate Regulatory Authority). Under RERA, the fine payable by the builder for delaying conveyance is up to 10% of the project cost, whereas under MOFA it is Rs 50,000.

But only those building projects where construction is ongoing or those that are yet to get occupation certificates (OC) come under the ambit of RERA. The rest come under the ambit of MOFA and unlike RERA, MOFA lacks teeth, making it tough for existing societies to gain deemed conveyance (change in land ownership from builders to society).

At least 70% of housing societies still do not own the land on which their building or flats stand. This is because developers, who own the land want to continue having a say on maintenance or want control over society corpus, open parking slots, terrace space to install cell towers and hoardings to earn revenue. Under MOFA, several thousand cases demanding conveyance are now pending with the registrar’s offices, magistrates or consumer courts.





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