Conveyance deed drive in Pune from January 1 to 15 – ET RealEstate

PUNE: Nearly 13,514 housing societies in Pune city will be reviewed for deemed conveyance by the cooperation department in the first 15 days of January.

According to officials, teams will visit these societies across the city to help them get their deemed conveyance which transfers ownership of the land on which the societies have been built from the developer to the cooperative housing society.

This gives the society the right to use any notional floor space after construction or any additional floor space directly, or via transfer of development rights.

It will allow societies to raise loans for repairs by mortgaging the property and have a stronger say in redeveloping the building.

In the absence of a conveyance deed, the rights remain with the developer and a conveyance deed prevents any potential misuse of such rights.

Deputy district registrar Narayan Aghav said of the 17,984 registered housing societies in the city, 2,125 have already sought deemed conveyance while orders for another 2,345 have been issued.

“Our teams will visit the remaining societies to check whether they have their conveyance deed. Housing societies can approach us during this period to register the conveyance deed,” Aghav said.

The letter issued to all deputy registrars across the state said since the scheme was launched, very few societies have obtained the conveyance deed, and societies wanting to get their conveyance deed can do so during this special drive.

However, submission of the necessary documents are a big hurdle. President of Maharashtra Societies Welfare Association Ramesh Prabhu said the government’s initiative is positive, but documentation takes a toll on housing societies who face issues while gathering basic documents from their members and from the city survey office.

“From collecting documents from civic bodies, obtaining necessary entitlement certificates from architects, matching details of property cards with agreements or even builders and land owners challenging the deemed conveyance are issues citizens continue to face. Hence, many societies hesitate to seek a conveyance deed,” he said.

Once a cooperative society is formed, the builder has to hand over the title of the land and building to it within six months. However, builders have failed to do so for decades, and in many cases, have delayed the conveyance as they want to benefit from the FSI or TDR.

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