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WHAT IS DEEMED CONVEYANCE ?

Image Source: realtyquarter.com A Co-Operative Housing Society is the owner of the Land & Building & individual member enjoys the ownership right of the Flat/ Shop based on the Share Certificate issued by the Co- Operative Housing Society. A vast majority of Co-Operative Housing Societies do not have the Conveyance in their favor & hence are not the owners of their Land & Building. In this situation, even though each member of the Co- Operative Housing Society has paid full consideration and is in possession of the Flat/ Shop allotted, he does not enjoy the benefits of title ownership of the Flat/ Shop. In case of Co- Operative Housing Societies formed long back, many of the buildings are in dilapidated condition and their repairs are not economically viable. The best solution available for these Co-Operative Housing Societies is to go ahead with Redevelopment. The non- availability of the Conveyance & therefore free/ marketable Title affects the Redevelopment Proce

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