Dismal response for deemed conveyance initiative in Maharashtra

The state cooperative department in Maharashtra has recently expressed disappointment over the low number of deemed conveyance applications received from newly registered housing societies in 2022. Despite a targeted effort by the department to promote the process, only 101 applications were received. Deemed conveyance refers to the transfer of ownership rights to the building and its plot from the developer to the housing society. This process is usually sought by newly registered housing societies when the developer refuses to provide the necessary ownership rights.

Housing societies are eligible to apply for deemed conveyance four months after their registration if the developer refuses to transfer ownership rights. Given the low number of applications, the department and members of the state housing federation have now taken steps to raise awareness about deemed conveyance and its benefits. The department has directed its deputy registrars to reach out to the societies individually, encouraging them to apply for deemed conveyance. The state housing federation has also initiated an awareness drive, with plans to conduct a drive in the Pimple Saudagar area in the coming week.

According to Anil Kawade, the state commissioner for cooperation and registrar of cooperative societies, the numbers are "dismal" compared to the average of 2,500 to 3,000 societies that are registered in a year. The low number of applications has been attributed to hesitation among societies to push for deemed conveyance due to builder delays in providing necessary amenities and information about maintenance fees. A deputy registrar noted that many societies are reluctant to apply for deemed conveyance until builders have fulfilled their obligations.

To summarize, the state cooperative department and state housing federation members are working to raise awareness and encourage more housing societies to apply for deemed conveyance. This process is important for housing societies as it grants them ownership rights to the building and its plot, ensuring security and stability for the society and its members. The department and the federation hope to see an increase in deemed conveyance applications in the future, as more societies become aware of the benefits of this process.

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Dismal response for deemed conveyance initiative in Maharashtra

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