Are You the True Owner of Your Flat? Understanding the Legal Process of Deemed Conveyance
Are You the True Owner of Your Flat? Understanding the Legal Process of Deemed Conveyance
Deemed conveyance is crucial for housing societies; absence of it can create hurdles in redevelopment
After purchasing a flat in an apartment, many people do not pay attention to the legal formalities. This often raises the question – are you really the rightful owner of your flat? According to District Deputy Registrar Dr. Pravin Lokhande, every housing society must complete the process of deemed conveyance.
Out of over 100 housing societies in the district, around 40 have not yet completed this procedure. Through deemed conveyance, the direct ownership of the land is transferred from the developer to the cooperative housing society. If a developer refuses to cooperate, the process can be completed unilaterally through the office of the District Deputy Registrar. Once completed, the society becomes the sole legal owner of the property, gaining full rights over redevelopment, FSI benefits, parking and terrace ownership, and new construction.
Without deemed conveyance, societies face major obstacles during redevelopment projects. On the other hand, once it is completed, the developer’s rights on the land end, and the housing society’s independent legal authority strengthens.
The Procedure
To apply for deemed conveyance, the society must submit a proposal to the District Deputy Registrar’s office along with documents such as the society’s registration certificate, building layout, list of members, financial statements, copy of the agreement with the developer, 7/12 extract (land ownership record), and property card.
Timeline
Since the procedure is quasi-judicial, hearings of all concerned parties are conducted before issuing an order. The process usually takes about three to five months to complete.
Recently, the Maa Annapurna Sahanivas Cooperative Society from Renukanagar submitted such a proposal. After completing the required process, they were granted the deemed conveyance certificate, the first case of its kind in the district.
