The Promoter (Builder/ Developer) is legally required to convey the land and the building within 4 months of formation to the society or any legal body of the flat purchasers. However, it has been the experience that many promoters (Builders/Developers) have not conveyed the land and building to the legal bodies. Therefore, government has amended the Maharashtra Ownership Flats Act, 1963 (MOFA) and provided for the deemed conveyance in favour of the legal bodies. Under the provision, deemed conveyance means after the expiry of 4 months of formation of the legal body, the land and building is deemed to have been conveyed to the legal body and to bring the same in the revenue record, a Competent Authority has been designated who will hear the parties on the basis of applications received from the aggrieved party and transfers the title in favour of the legal body by passing the necessary order and deemed conveyance certificate and appoint an authorized officer to execute the conveyance deed in favour of the society and execute on behalf of non co-operative builder or the land owner. Getting the title of land and building by adopting the above procedure is known as deemed conveyance.
MEANING OF DEEMED CONVEYANCE
By admin|2018-11-24T05:39:48+00:00November 24th, 2018|Uncategorized|Comments Off on MEANING OF DEEMED CONVEYANCE
Related Posts
Conveyance, Deemed Conveyance of Co-operative Housing Societies
June 3rd, 2025|Comments Off on Conveyance, Deemed Conveyance of Co-operative Housing SocietiesLegal Consultancy on Annual Basis
June 3rd, 2025|Comments Off on Legal Consultancy on Annual BasisFORMATION / REGISTRATION OF CO-OPERATIVE HOUSING SOCIETIES IN PUNE
June 3rd, 2025|Comments Off on FORMATION / REGISTRATION OF CO-OPERATIVE HOUSING SOCIETIES IN PUNELegal Services for Redevelopment for Housing Societies-
June 3rd, 2025|Comments Off on Legal Services for Redevelopment for Housing Societies-REDEVELOPMENT CONSULTANCY SERVICES
May 23rd, 2025|Comments Off on REDEVELOPMENT CONSULTANCY SERVICES
Comments are closed.