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A COMPLETE GUIDE TO DEEMED CONVEYANCE Most of the flat-owners of the newly constructed Societies/apartments do not have their sale deeds or conveyance deeds. Mostly in the newly constructed buildings, the builders provide for forming a housing co-operative society to which they shall transfer their interest in the property. Then the builders form the society...
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PROCEDURE FOR REGISTRATION OF CO-OP. SOCIETIES 1.The first Step is to get 10 Individuals together who are desirous of forming a Society. 2.A Provisional Committee should be formed and a chief Promoter should be elected from amongst them. 3.A Name for the Society has to be selected. 4.An Application has to be made to the...
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SOCIETY REGISTRATION First general body meeting (before registration) In this meeting under Society’s Model Bye-law 3(iii), the Chief Promoter (could be the builder) is primarily selected by the promoters, who are members co-signing the registration application before the Registering Authority, under Bye-law 3(xii). In this meeting, necessary resolutions are passed like opening the account in...
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What is Conveyance Deed? A generic term for any written document which transfers/conveys real estate property or real property interests from one party to another. If someone willingly transfers their legal rights, title, interest and ownership of the property to another party they would need to create a document which transfers this right. Such a...
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CHECKLIST FOR HANDOVER OF SOCIETY FROM BUILDER During the handover procedure it is important to record and file all details related to the process so that even if problems arise years later, all you need to do is look through this set of records and, accordingly, figure out what to do next. The builder-residents society...
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SOCIETY FORMATION AND HANDOVER PROCESS BY BUILDER The Registration process and requirements are governed by Maharashtra State Co-operative Society Act 1960. To Register Co-op. Housing Society, Minimum 10 member are required. Less than 10 members Societies are also registered as per M. S. Govt. Ordinance No. 1094 and 277/14 dated 10/03/1995. But such member’s flats...
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ADVOCATES FOR REGISTRATION OF HOUSING SOCIETY: A co-operative society is the perfect fit for a residential building as flat-owners have common needs (water connection, watchmen, etc) and interests (maintenance of common areas, such as the terrace and compound). If you’ve purchased a flat in a new building, it would probably be best if you took...
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How to register the society and which documents required for it? Ans: It is obligatory to apply for co-operative society or Association of Apartment within four months from the taking possession of galas/flats/shops/units by holders, necessary for forming the co-operative society or Association of Apartment according to provisions mentioned under section 10 of the Maharashtra Ownership...
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COMPARISON BETWEEN CO-OPERATIVE HOUSING SOCIETY AND CONDOMINIUM Act – Co-operative Society, which is regulated by the Maharashtra Co-operative Societies Act, 1960. Act – An alternative to a Co-operative Housing Society was introduced by the Maharashtra Apartment Ownership Act, 1970. Condominium is a Building or Complex of Buildings containing a number of individually owned Apartments or houses. Ownership...
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Advocate for property transfer  DUE DILIGENCE TO BE DONE WHILE PURCHASING A  PROPERTY First comes in the checklist is the Zone.Check it whether the property comes into the “R” OR “NON-AGRICULTURE” zone because if the the property is in non residential or non agriculture zone like green zone etc.you may not get approvals from authorities...
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