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Deem Conveyance

In case of society formation done and we have partial completion of the project, how much land we can get via deem conveyance and is there is formula for the same? or we get complete land which builder shows while forming society. Example - We have total plot area 30000, has done construction in 2010 with 1 FSI, formed society in 2013, used 77% of FSI at that time, so how much land we should get if go for deem conveyance route

( Pune, Maharashtra )

1 month ago

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A.
Dear Client,
Deemed conveyance is a legal process where the housing society can apply to the competent authority (District/Deputy Registrar, Cooperative Societies) for the transfer of ownership of the land and building when the builder/developer fails or refuses to execute the regular conveyance deed. The order from the District Deputy Registrar effectively transfers the ownership of the land and building to the society.. However, while a deemed conveyance order grants a valid title to the constructed buildings or property, it might not always provide absolute rights over common areas or unutilized FSI (Floor Space Index). There is a possibility that the builder's heirs or legal successors can challenge the deemed conveyance order, leading to prolonged litigation. If the builder/developer, or their legal heirs, fail to cooperate and execute the conveyance deed, the society can initiate the process for deemed conveyance. If required, consult with an experienced Advocate to navigate the issue in the right way.
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