Documentation for Deemed Conveyance
Majority of Co-Operative Housing Society in Mumbai do not have conveyance from the land owner or the property builders. The situation is similar in most parts of the Maharashtra. In general there are three ways in which Co-Operative Housing Society can obtain the conveyance of the property that is:
To protect the interest of the Co-Operative Housing Society, the government has appointed competent authority to hear the parties on the basis of the application received and give necessary orders required to issue deemed conveyance certificate. The competent authority executes the conveyance deed in favor of the society on behalf of the builder or the promoter or the land owner.
To obtain the conveyance the step are pretty straight forward, yet people find it overwhelming. The major challenge people face is the collection of documents required from several departments to obtain deemed conveyance. In scenarios where the land owner or the property developer is reluctant to sign the conveyance deed in favor of the Co-Operative Housing Society, the District Deputy Registrar (as a competitive authority) has the right and all authority to sign the deed as a promoter. This is possible even in the case where there is a court case is pending. But to do this the Co-Operative Housing Society will have to make an application to the competent authority that is District Deputy Registrar in a given prescribed format along with all the stipulated documents against the builder.
Below are the documents required to obtain deemed conveyance.