Deemed Conveyance to be relaxed and go online

By Accommodation Times News Service The Maharashtra government on July 17 promised a string of reforms in the existing law on deemed conveyances to give relief to thousands of flat owners in old housing societies who are eager to complete the formality of conveyance. The minister of state for housing announced in

Maharashtra to examine 1% cess on demand conveyance

By Accommodation Times News Service The flat owners who are register for demand conveyance of their housing societies can hope for some relief from paying  1% additional local body cess on the value of flat. The CM has agreed to look into the matter of this additional burden, the collection of

Deemed Conveyance or Deemed Deception ?

Justice Rajan J. Kochar (Retd.) We all can be fooled all the times to come ! 1. On 25.2.2008 a Legislative mirage was created by amending the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management and Transfer) Act, 1963, for ‘short’ “MOFA”.

Scrutiny of Title Deeds

Scrutiny of Title Deeds Initial steps towards property purchase:- Scrutiny of title deeds of the property is the first and foremost exercise the purchaser’s advocate has to undertake before entering into an agreement with the seller. A clean and marketable title, free from all doubts and encumbrances vested with physical

Conveyance Problems

Conveyance Problems By Harish Mehta Q. What are the major difficulties faced by the builders which hinder him for not executing conveyance ? A. Some of the major difficulties areas under ; (1) The original owner of the land finds it difficult to get certificate under section 230 (A) of the IT Act, as he

Unilateral Deemed Conveyance introduced

Unilateral Deemed Conveyance introduced By Advocate Vinod Sampat On 25th Febuary, 2008, President had approved ammendments in Maharashtra Ownership Flats (Regulation of the promotion of construction, sale, management and transfer) Act, 2005 giving a huge relief to hundreds and thousands of flats purchasers in Maharashtra. Conveyance to the societies were a burning

Solutions to Conveyance Problems

By Harish Mehta Q. What are the major difficulties faced by the builders which hinder him for not executing conveyance ? A. Some of the major difficulties areas under ; The original owner of the land finds it difficult to get certificate under section 230 (A) of the IT Act, as he has

PUDA 360- An E-Property Module for online property transactions

By Accommodation Times Bureau CHANDIGARH Punjab Chief Minister Captain Amarinder Singh on August 30 launched PUDA 360, an e-property module to facilitate online property transactions, thus bringing greater efficiency and transparency in the functioning of Punjab Urban Planning & Development Authority (PUDA). CM said that “The application would go a long way in

Real Estate players move Bombay High Court against new notification

By Accommodation Times Bureau MUMBAI The recent notification on GST has made the Real Estate Developers to move towards court against it. With the Bombay High Court (BHC) the developer have filed a writ petition for challenging the notification by the government on transferring rights of landowners to developers is taxable. According to