Follow Us:
Sunday, July 03, 2022

Deemed conveyance for flats in 60 days,rules soon

The state government will soon publish rules for the much-awaited deemed conveyance for housing societies.

Written by Express News Service | Mumbai |
August 26, 2009 1:54:46 am

The state government will soon publish rules for the much-awaited deemed conveyance for housing societies.

Chief Minister Ashok Chavan has recently approved the rules for the Maharashtra Ownership of Flats Act,2005. The rules,once published,will allow thousands of housing societies — whose conveyance is being held back for decades by builders — to get a deemed conveyance within 60 days of making an application before the competent authority.

“The rules are now pending with the law and judiciary department of the state government. Once it is implemented, it will be a major relief for several flat owners who have been suffering for years. We have asked the government to provide the manpower to deal with the large number of cases expected once the rules come into force,” said Member of Parliament Sanjay Nirupam. He also demanded that the government should set up an additional competent authority for North Mumbai.

Developers usually hold on to the conveyance deed after sale of flats because they could tap the benefits in case the building is later taken up for redevelopment or if the plot has some unutilised floor space index.

Best of Express Premium
There are no stars anymore, says Karan Johar. Why he is rightPremium
Get inspired: Why did Sardar Patel say that civil servants must not take ...Premium
NITI Aayog-commissioned report which studied 3 orders by Supreme Court, 2...Premium
Inside Track: Amit Shah’s strategy for Maharashtra and FadnavisPremium

Maharashtra Societies Welfare Association chairman Ramesh Prabhu said the rules will come as a breather for several housing societies who had no alternative but to take the legal route against erring developers. “Instead of pursuing a court case for six years,flat owners can now get a deemed conveyance.”

JULY 4 SALE! Only for our international readers, monthly pricing starting at just $2.50

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Mumbai News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard