#Hpw to read real estate conveyance how to#
Read: All You Need to Know About Property Disputes and How to Avoid ThemĪ. There is only one main difference between the two: whether the Promoter or builder is willing to cooperate with the flat owners or CHS. Many lands or flat owners get confused between Conveyance Deed and Deemed Conveyance and which one of these two apply to them or the legal body such as a Co-operative Housing Society. The Difference Between Conveyance Deed and Deemed Conveyance The legal body or CHS needs to procure the necessary documents required for deemed conveyance before proceeding to the deemed conveyance online application.
Seeing a rise in such instances and a slew of complaints from the flat owners and CHS, the Government assigned a dedicated department within the land records team to hear, address and issue deemed conveyance to the legal body. There have been instances in urban and rural parts of the state where the Promoter or builder has sold the terrace, common areas, amenities, and parking space to a third party without knowing the flat owners or the legal body. The importance of deemed conveyance or transferring the title from the Promoters to the Co-operative Housing Society cannot be overstated. It is legally registered and maintained in the revenue records.
Under the provision in the Maharashtra Ownership Flats (MOFA) Act, the land is deemed to be conveyed to the CHS (co-operative housing society) or the legal body after the four month-period of formation of the housing society.
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