Conveyance Deed Delays Affect More Than 10,000 Housing Societies in Pune and Pimpri Chinchwad
In Pune and Pimpri Chinchwad cities, a pressing issue has come to light, affecting over ten thousand housing societies. These societies are currently grappling with the absence of conveyance documents from their respective developers, leaving them in a precarious situation without legal ownership of their land. This predicament could potentially obstruct any redevelopment plans for their properties. To address this critical situation, a legal process known as deemed conveyance has been recommended during a recent seminar organized by relevant authorities. This process was advised as a solution to grant these housing societies ownership of their land, highlighting the importance of the issue at hand.
The gravity of the situation was emphasized during the seminar, with statistics revealing that out of a substantial number of housing societies and apartments in the area, only a small fraction have obtained conveyance deeds from their builders. Others have independently pursued deemed conveyance, while some societies fall under specific housing authorities. For societies with government-owned land, conveyance deeds or deemed conveyance may not be necessary. However, for the remaining housing societies, obtaining a conveyance deed is of utmost importance, as failure to do so could result in a loss of their legal ownership of the land. This situation necessitates urgent attention and action to safeguard the interests of these housing societies.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
