_

Deemed Conveyance

_

End Developer Delays: Get Your Deemed Conveyance Done Right

“Is your housing society struggling to get its conveyance deed from the developer? Our specialized Deemed Conveyance service helps your society legally acquire the land and building, ensuring clear ownership and future security.”

Our Comprehensive Deemed Conveyance Service Includes

Our dedicated team of legal experts and property consultants provides end-to-end support throughout the Deemed Conveyance process, ensuring a smooth and successful outcome for your society. Our service covers:

  1. Thorough Document Scrutiny & Collection:
    • Assistance in gathering all necessary documents from your society members and the developer (if available), including:
      • Copy of the Housing Society Registration Certificate.
      • List of Flat Owners and their respective Sale Agreements/Allotment Letters.
      • Architect’s Certificate (Area Statement, List of Members).
      • Approved Building Plan and Commencement Certificate.
      • Occupancy Certificate (OC) or deemed OC documentation.
      • Land records (e.g., 7/12 Extract or Property Card).
      • Development Agreement (if any) between landowner and developer.
      • Copies of Stamp Duty and Registration Receipts for all flats.
  2. Legal Notice to Developer:
    • Drafting and serving a formal legal notice to the developer, demanding the execution of the Conveyance Deed.
  3. Application Preparation & Filing:
    • Meticulous preparation of the Deemed Conveyance application to the Competent Authority.
    • Ensuring all forms, affidavits, and annexures are accurately filled and submitted as per relevant regulations.
  4. Representation & Hearings:
    • Representing your society during all hearings before the Competent Authority.
    • Presenting arguments, submitting required documents, and addressing any queries raised by the authority.
  5. Order Procurement & Registration:
    • Once the Competent Authority passes the Deemed Conveyance Order, we facilitate its stamping and registration with the Sub-Registrar of Assurances.
    • Ensuring the necessary changes are made in the land records to reflect the society’s ownership.
  6. Post-Conveyance Formalities:
    • Guidance on subsequent steps like property tax assessments, mutation entries, and other record updates.
  7. Calculation of Stamp Duty & Registration Fees:Accurate calculation of applicable stamp duty and registration fees based on the ready reckoner rates and property details.

Why Your Housing Society Needs Deemed Conveyance

For countless housing societies, the dream of owning their building and the land it stands on remains unfulfilled. Developers, despite legal obligations, often fail to execute the Conveyance Deed, leaving societies in a vulnerable position.

Without a proper Conveyance Deed (or Deemed Conveyance), your society faces significant risks:

01

No Legal Ownership

The developer remains the legal owner of the land, even after selling all flats.

02

Difficulty in Redevelopment

Without clear title, undertaking crucial redevelopment projects becomes incredibly challenging, if not impossible.

03

Mortgage & Loan Hurdles

Individual flat owners may face issues mortgaging their flats if the society itself doesn’t have a clear title to the land.

04

Transfer Restrictions

Future flat transfers might encounter legal hurdles due to ambiguous land ownership.

05

Exploitation by Developer

Developers might misuse the open spaces, FSI/TDR rights, or even create third-party interests on the land.

06

Service Tax Issues

Societies without conveyance often face difficulties regarding service tax on maintenance charges.

07

Government Scheme Exclusion

Inability to benefit from government schemes for housing societies due to lack of ownership.

Our Seamless Deemed Conveyance Process for Your Society

We understand that Deemed Conveyance can seem daunting. Our streamlined process ensures clarity and efficiency at every stage

Who Needs Our Deemed Conveyance Service?

Co-operative Housing Societies (CHS)

Whether newly formed or long-established, struggling to obtain conveyance from their developers.

Co-operative Housing Societies (CHS)

Whether newly formed or long-established, struggling to obtain conveyance from their developers.

Condominiums & Apartment Associations

Where a conveyance is due from the developer.

Condominiums & Apartment Associations

Where a conveyance is due from the developer.

Flat Owners within such Societies

Who wish to ensure the long-term security and marketability of their individual units.

Flat Owners within such Societies

Who wish to ensure the long-term security and marketability of their individual units.

Managing Committees of Housing Societies

Seeking to fulfill their duty of securing the society's property rights.

Managing Committees of Housing Societies

Seeking to fulfill their duty of securing the society's property rights.

Why Choose Property Resolve for Your Society's Deemed Conveyance?

  • Expertise in Conveyance Laws: Deep understanding of relevant land laws, cooperative society acts, and property registration procedures.
  • Experienced Legal Team: Our reports are prepared and cases handled by qualified and seasoned property lawyers and consultants.
  • End-to-End Service: We manage the entire process, from document collection to final registration, minimizing your society’s burden.
  • High Success Rate: Our proven track record in securing Deemed Conveyance for numerous societies.
  • Transparent Process: We keep your society informed at every step, providing clear communication and regular updates.
  • Cost-Effective Solutions: Competitive pricing with no hidden charges.

Client-Centric Approach: We prioritize your society’s needs, offering personalized attention and dedicated support.

Frequently Asked Questions

What is Deemed Conveyance?

Deemed Conveyance is a legal process where a Co-operative Housing Society can obtain unilateral conveyance of the land and building from the developer by applying to the Competent Authority, if the developer fails to execute the regular Conveyance Deed within the stipulated period (usually a few months after society formation or occupancy certificate).

Why is it called 'Deemed' Conveyance?

It's 'deemed' because the Competent Authority, by its order, treats the title as transferred to the society, even without the developer's direct cooperation or signature on a new deed. The order itself acts as the Conveyance Deed.

  •  
What is the benefit of Deemed Conveyance for a society?

It grants the society clear legal ownership of the land and building, enabling them to undertake redevelopment, obtain loans, manage the property effectively, and secure the future of all flat owners.

What if the developer has mortgaged the land?

Even if the land is mortgaged by the developer, a Deemed Conveyance order can still be obtained. However, the order might specify that the society gets the land subject to such encumbrances. This requires careful legal handling.

What documents are most crucial for Deemed Conveyance?

The Society Registration Certificate, individual flat owners' Sale Agreements/Allotment Letters, Architect's Certificate, relevant land records (e.g., 7/12 Extract or Property Card), and approved building plans are among the most crucial documents.

Is it mandatory for a society to get Deemed Conveyance?

While not strictly "mandatory" by a penalty, it is highly advisable and legally enforceable. It is the fundamental right of a housing society to have the land and building conveyed to it.

What is the role of the Competent Authority in Deemed Conveyance?

The Competent Authority presides over the Deemed Conveyance application, hears both parties (society and developer), and passes the order to deem the conveyance.

  •  

Ready to Secure Your Society's Future?

Don’t let developer delays hinder your society’s growth and security. Take control of your property’s ownership today.

Contact us for a Free Consultation on Deemed Conveyance!