People From Pune, PCMC No Longer Have To Fight Over Conveyance Deeds Due To This New Order

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Pune, 1st June 2022: Developers and housing society owners have long had a quarrel over conveyance deeds. However, the government has since resolved the controversy by simplifying and speeding the procedure, and the State Commissioner, Department of Cooperation, just issued an order in this regard.

There are over 18,000 cooperative housing societies in Pune and Pimpri-Chinchwad, of which nearly 12,000 do not have conveyance deeds. This becomes a point of conflict between flat owners and developers before embarking on any rehabilitation project.

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Developers are frequently enticed not to formalise the deed due to hidden benefits of the rebuilding process. This leads to a legal battle between the two parties. Influential developers have been known to harass flat owners by extending the conveyance deeds for years.

There is, however, some good news for house purchasers. Members of the management committee are no longer required to sprint from pillar to post in order to complete the task.
In a recent ruling, the cooperation authorities asked the registrar’s office to require developers to present eight types of documents needed to execute the deed when registering a housing society.

Developers have been instructed to complete the conveyance deed documentation process after selling all of the flats and handing over the society.

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The order was issued by Anil Kawade, State Commissioner of the Department of Cooperation, in response to a slew of recent cases.

“The new diktat will benefit new housing developments in a large way,” said Suhas Patwardhan, Chairman of the Pune District Co-operative Housing Federation.
He explained, “During registration, the builder must also provide the documentation necessary to transfer the land’s title. After the documentation are presented, the newly constituted society can transfer the land title by passing a resolution. This will speed up the process because it will no longer be necessary to rely on the builder to complete the procedure.”

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“Builders are reluctant to give deeds because they lose rights over the land and all benefits — such as extra floor space index (FSI) and transfer of developmental rights (TDRs) once the conveyance deed is transferred to the society,” said Ashish Mane, Founder of Wadgaon Sheri Nagrik Manch, a citizens group.

He added, “The deed enables the society to mortgage its land in order to get funds to rehabilitate the society. To prevent a lengthy procedure, we anticipate rapid verification of the documents by the registrar of the department of cooperation. “It’s possible that powerful developers will try to disrupt the process.”

Balasaheb Patil, State Cabinet Minister for Cooperation and Marketing said, “We have streamlined the procedure to obtain the transfer deed. Residents should make the most of the change. This will help in the future to avoid many lawsuits.”