The Maharashtra government has extended the period for completion of deemed conveyance (DC) deeds to eligible cooperative housing societies (CHS) till December 2014. The drive had received a lukewarm response in 2013.
According to the provisions of Maharashtra Ownership Flats Act of 1963 (MOFA), the promoter (builder/developer) is legally required to convey the land and building within four months of the formation to the CHS or any legal body of the flat purchasers.
According to the provisions under Section 11 of MOFA, the conveyance of land is the right of the CHS and the duty of the property developer to be executed within four months from the date of registration of the CHS.
Those seeking help or advice on CHS issues can contact Moneylife Foundation’s Legal Resource Centre (LRC) ( http://moneylife.in/lrc.html )
The Bombay High Court has clarified that proposals for redeveloping buildings not marked as Grade-I or Grade-II heritage structures within the 41 proposed heritage precincts in Mumbai need not be referred to the Mumbai Heritage Conservation Committee (MHCC).
The division bench of Chief Justice Mohit Shah and Justice Manoj Sanklecha observed that this would apply to buildings proposed to be categorised as Grade-III heritage structures. This will bring relief to hundreds of buildings spread across the city.
The interim order passed by the Court clarified that such buildings can be dealt with like regular redevelopment projects by the planning authority.
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