Maharashtra: Special drive for housing societies to get deemed conveyance – ET RealEstate

MUMBAI: The cooperatives commissioner is initiating a 15-day drive to enable housing societies obtain deemed conveyance. The letter issued to all deputy registrars across the state admits that since the scheme was launched, very few societies have obtained deemed conveyance.

The drive will be held from January 1 to 15. Housing societies that wish to obtain conveyance can do so during this special drive, said the circular.

Advocate Vinod Sampat, president of Cooperative Societies Residents and Users Association, said while the intention is good, it is still difficult to obtain deemed conveyance unless ‘speed money’ is paid. Sampat said once a cooperative society is formed, the builder has to hand over title of the land and building to the society within six months. However, for several decades builders have failed to do so.

The government, in 2012, introduced deemed conveyance where housing societies, when the builder fails to execute the conveyance deed, could approach the deputy registrar for one. It also amended the law that allowed societies going in for redevelopment to gain from additional floor space index (FSI) and transfer of development rights (TDR). In 2018, that government used a government resolution (GR) to list the documents required for deemed conveyance.

However, bureaucratic hurdles continue. Sampat said that when there are multiple buildings, developers insist on transferring the conveyance to a federation of housing societies rather than to individual buildings. If the project is not complete, builders create hurdles so they can avail additional FSI and TDR.

Sampat said that even if the deemed conveyance is granted, it is required to be registered and often housing societies fail to do so as several residents have not paid stamp duty and registered their flats.



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