Real Estate

Housing societies to soon have more say over their properties

| Updated on: Nov 27, 2012

Maharashtra Govt to speed up process of legal transfer of land, building by promoters

The Maharashtra Government is launching a special drive to provide deemed conveyance (which is basically the transfer of legal rights of land and building by the builder) to the cooperative housing societies from December 1. It aims to provide the conveyance to all such societies by June 30, 2013.

On Tuesday, Chief Minister Prithviraj Chavan directed the Revenue Department to undertake the drive and hold a monthly meeting to review its progress .

The State Government hopes the new drive will give some relief to the housing societies. Across the State, thousands of housing societies don’t have the conveyance, due to reluctance on the part of real estate developers in providing it to the societies. To overcome this hurdle, the State Government had in 2010 amended the Maharashtra Ownership Flats (Amendment) Rules, 2009.

The amendment enabled the conveyance deed to be transferred to the society’s name without the consent of the developer. However, due to procedural difficulties, the conveyance was not immediately transferred to the societies.

Chavan has also asked the Housing Department to prepare a Web site of 88,000 cooperative housing societies in the State. The Web site will have detailed information about the housing societies. The status of the conveyance to the societies would also be provided on the portal .

The State Government would be also launching a publicity campaign informing about the conveyance drive.

Published on November 27, 2012

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you