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DEEMED CONVEYANCE


  

Deemed Conveyance is a legal provision that addresses the issue of incomplete or delayed transfer of property ownership in housing societies or cooperative housing societies. It aims to ensure that the rightful owners of individual units within such societies receive the legal title to their properties.

In many cases, housing societies or cooperative housing societies are unable to complete the process of conveyance, which involves transferring the ownership of the land and building from the developer or promoter to the society and its members. This delay or failure can leave the residents without legal ownership of their individual units, leading to numerous complications and uncertainties.

To tackle this problem, the concept of deemed conveyance was introduced. Deemed conveyance empowers the society and its members to obtain the conveyance of the property, even in the absence of cooperation or action from the developer or promoter. It is a statutory process that enables the society to initiate legal proceedings to obtain the transfer of ownership.

The deemed conveyance process involves various steps, including submitting an application to the appropriate authority, gathering necessary documentation, providing public notices, and fulfilling other legal requirements. Once the deemed conveyance is granted, the ownership of the land and building is transferred to the society, and the individual members become legal owners of their respective units.

The primary objective of deemed conveyance is to protect the rights and interests of the residents who have invested in housing societies or cooperative housing societies. It provides them with legal recognition and ownership of their properties, ensuring security and eliminating the risks associated with incomplete or delayed conveyance.

Deemed conveyance has proven to be a valuable tool in resolving disputes and streamlining the transfer of ownership in housing societies. It promotes transparency, fairness, and accountability by allowing the residents to take control of their properties and manage them collectively.

Overall, deemed conveyance plays a significant role in ensuring the proper functioning and governance of housing societies. It empowers residents, protects their rights, and brings clarity and stability to property ownership within such societies.

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