What is Deemed Conveyance?
When a builder constructs a building, they must legally transfer the land and building title to the Cooperative Housing Society within 4 months of formation. If they fail to do so, the society can apply for a Deemed Conveyance through the competent authority.
Why is it Crucial?
Without a conveyance deed, the society does not own the land it stands on. This means:
- You cannot undergo redevelopment in the future.
- The builder retains the TDR (Transfer of Development Rights) and FSI.
- You cannot legally expand or modify the structure.
The 5-Step Process
- Resolution: Pass a resolution in a Special General Body Meeting (SGM) to pursue deemed conveyance.
- Collect Documents: Gather the 7/12 extract, property card, building plan approvals, society registration certificate, and flat agreements.
- Legal Notice: Send a final legal notice to the builder demanding the conveyance deed.
- File Application: Submit Form VII along with all documentation to the District Deputy Registrar (DDR).
- Hearing and Order: Attend the hearings. Once satisfied, the DDR will pass an order and issue the Deemed Conveyance certificate.
The paperwork can be overwhelming. QwickDoor's Legal & Property Experts specialize in end-to-end society registration and deemed conveyance execution.