A Co- Operative Housing Society is the owner of the Land & Building & individual member enjoys the ownership right of the Flat/ Shop based on the Share Certificate issued by the Co- Operative Housing Society.
A vast majority of Co- Operative Housing Societies do not have the Conveyance in their favour & hence are not the owners of their Land & Building. In this situation, even though each member of the Co- Operative Housing Society has paid full consideration and is in possession of the Flat/ Shop allotted, he does not enjoy the benefits of title ownership of the Flat/ Shop.
In case of Co- Operative Housing Societies formed long back, many of the Buildings are in dilapidated condition and their repairs are not economically viable. The best solution available for these Co- Operative Housing Societies is to go ahead with ReDevelopment. The non- availability of the Conveyance & therefore free/ marketable Title affects the ReDevelopment Process badly.
In case of Co- Operative Housing Societies formed recently, the ReDevelopment at the moment is not on the agenda. However the non- availability of the Conveyance and free and marketable Title may affect its present Revenue and may be a hindrance in ReDevelopment process in future.
Therefore Deemed Conveyance is in the larger interest of the Co- Operative Housing Societies (and their each and every member) who are denied their right of Conveyance by the Land- Owners & Property Developers.
Visit the Knowledgebase to view our Sage Voice Videos about Deemed Conveyance.
- Deemed Conveyance
- Conveyance of Co- Operative Housing Society
- Need for Deemed Conveyance
- All About Deemed Conveyance
- Advantages of Deemed Conveyance
- Procedure for Deemed Conveyance
- Preparation for Deemed Conveyance
- Documentation for Deemed Conveyance
- Legal Case for Deemed Conveyance
- Registration of Deemed Conveyance
- Transfer of Property after Deemed Conveyance
- Deemed Conveyance & ReDevelopment