Promoter/Builder to convey title and execute and register documents according to agreement

Builder to convey title and execute documents:-

In respect of the property wherein only one building is to be constructed, and if no period for conveying the title by the promoter to the flat purchasers is agreed upon, the promoter/builder shall, subject to his right to dispose of the remaining flats, if any, execute the conveyance within four months from the date on which the co-operative society or the company is registered or, as the case may be, the association of the flat purchasers or unit holders is duly constituted.

When a promoter has submitted his property to the provisions of the Maharashtra Apartment Ownership Act, 1970 by executing and registering a declaration as required by section 2 of that Act, and no period for conveying the title by the promoter in respect of an apartment to each apartment taker is agreed upon, then the promoter shall execute the conveyance or deed of apartment in favour of each apartment taker within four months from the date , the apartment taker has entered into possession of his apartment.