Conveyance deed drive in Maharashtra now till January 31 – ET RealEstate

PUNE: The state cooperation department issued a fresh circular on Friday extending the deemed conveyance drive till January 31.

The drive entails the cooperation department to conduct surveys of societies that do not have the conveyance deed.

Earlier, the deadline of the state government’s initiative of allowing the cooperative housing societies to apply for deemed conveyance was January 15.

There are more than one lakh housing societies in Maharashtra without conveyance deeds.

In 2012, the state government brought in the concept of deemed conveyance, wherein a society can bypass the builder failing to execute the conveyance deed and get it from the registrar.

Conveyance deed allows the society to mortgage its land for obtaining loans to carry out repair works.

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