Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Can somebody advice me on the formalities of conveyance deed.

vinodmishra · 06-01-08

hi karthik,
all transactions that are done in maharastra are governed under the maharastra ownership flat act, the act clearly says that the developer has to form a co-opertive society once 60% of the total flats have been sold and the builder has to convey the land within 6 mnths to the society once the total project is completed and completion certificate is granted by the concerned competent authority.
in u r case since agreement for sale has been registered what is pending is conveyance of land to the society, which does not effects u r right of ownership of the said flat.
well if the society is formed u can very well sell the flat by taking an NOC from the society or if it is not formed u will have to take an NOC from the developer. Anyways the non conveyance of land will not affect the sale of flat u can sell d flat.
hope this helps
vinod

06-01-08	#2
vinodmishra New Member Join Date: Jan 2008 Location: kalyan Posts: 20 Thanks: 0 Thanked 0 Times in 0 Posts	registration of property hi karthik, all transactions that are done in maharastra are governed under the maharastra ownership flat act, the act clearly says that the developer has to form a co-opertive society once 60% of the total flats have been sold and the builder has to convey the land within 6 mnths to the society once the total project is completed and completion certificate is granted by the concerned competent authority. in u r case since agreement for sale has been registered what is pending is conveyance of land to the society, which does not effects u r right of ownership of the said flat. well if the society is formed u can very well sell the flat by taking an NOC from the society or if it is not formed u will have to take an NOC from the developer. Anyways the non conveyance of land will not affect the sale of flat u can sell d flat. hope this helps vinod