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The government of Maharashtra has introduced a new resolution that aims to expedite the process of self-redevelopment for housing societies. Under this resolution, if a housing society passes a resolution in favor of self-redevelopment with a majority vote and applies for deemed conveyance or ownership of the land it occupies, it will receive approval within one month. This is a significant improvement compared to the previous resolution, which stated that a decision on the application for deemed conveyance should be made within six months of submission.
The new government resolution also outlines the role of the competent authority, such as the district deputy registrar (DDR) of cooperatives, in the process. Once the housing society submits the resolution and application, the DDR or a competent officer will issue a notice to the landowner or builder. The builder or landowner will then be summoned for a hearing, which will take place on a weekly basis. After conducting these hearings, the DDR will make a decision regarding the issuance of deemed conveyance or land ownership to the housing society.
According to Ramesh Prabhu, the president of the Maharashtra Societies Welfare Association, there are approximately 40,000 housing societies in Mumbai, and around 10,000 of them, which are 30 years old, are interested in undergoing redevelopment. In addition to Mumbai, the metropolitan region comprising Thane, Kalyan-Dombivili, Navi Mumbai, Raigad, Ulhasnagar, Bhiwandi, and other municipal corporations has another 10,000 societies with 30-year-old buildings that also wish to pursue redevelopment.
Furthermore, the government has decided to be more flexible when it comes to the submission of documents for deemed conveyance applications. If a society lacks certain documents, it will not be a hindrance to their application process. Additionally, the stamp duty collected from each flat owner in the society will be a nominal amount of Rs 100.
It is worth noting that there are currently several societies whose lands are still owned by the builders, even after several decades of selling all the flats. These builders continue to generate income by renting out terraces to cell tower and advertisement companies, as well as by selling or utilizing parking spaces, transferable development rights (TDRs), and floor space indices (FSIs).
In the Mumbai metropolitan region, which includes Mumbai, Thane, Palghar, and Raigad, there are approximately 75,000 to 80,000 housing societies. The lack of deemed conveyance has allowed builders to retain ownership of the land, enabling them to exploit various means of revenue generation. The new resolution aims to address this issue and empower housing societies to take control of their own redevelopment and land ownership.
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