Mumbai housing societies get year time to obtain deemed conveyance

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By Accommodation Times News Service

The Maharashtra government extended its date till December end to issue the deemed conveyance (DC) to the eligible housing societies in the state. The CM has took the initiative early this year said, the societies which have completed 4 months since the formation can apply for DC. The government has decided to set up a DC court under the district collectors.

According to provisions of the Maharashtra Ownership Flats Act (Mofa), 1963, the promoter (builder/developer) has to convey the land and building within four months of formation to the society or any legal body of flat purchasers. Under Section 11 of the Act, the conveyance of land is the right of the cooperative housing society and the duty of the developer to be executed within four months from date of registration. But the government noticed that many promoters had not conveyed land or buildings to legal bodies.

Ramesh Prabhu, chairman, Maharashtra Society Welfare Association, said, “It is a good move and will inspire housing society members to shrug off apathy and convey property in their name. This will help when they want to redevelop the building. But the government has to simplify the process to issue DC.”

A senior official at the Thane deputy district registrar’s office said the onus was on societies. An amnesty scheme is likely for payment of registration fees and stamp duty, which will be restricted to flat and not land transfer.

 





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One thought on “Mumbai housing societies get year time to obtain deemed conveyance

  1. How many C.H.S.’s in Mumbai have so far got Deemed Conveyance in Mumbai and how many are pending applications?

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