New norms: 5,000 housing societies in Mumbai will be able to own plot occupied by building
Chief minister Devendra Fadnavis announced the decision in the legislative assembly on Tuesday.Updated: Jul 27, 2017 09:50 IST
Bringing relief to around 5,000 housing societies in the city, the Maharashtra government has decided to provide deemed conveyance for a plot even if the building doesn’t have an occupation certificate (OC). Chief minister Devendra Fadnavis announced the decision in the legislative assembly on Tuesday.
Deemed conveyance gives ownership of the plot to the members of a housing society once construction of the building is completed.
The Brihanmumbai Municipal Corporation (BMC) issues the OC, which means the building is ready for use and has all the necessary permissions.
Fadnavis said the state cooperative department has decided that all housing societies that don’t have an OC will not be deprived of deemed conveyance any more.
“The department is in the process of changing the existing rules, after which housing societies that don’t have an occupation certificate are eligible for deemed conveyance,” the chief minister said.
Under the existing rules, a housing society is ineligible for deemed conveyance if it does not have an OC.
In Mumbai, there are some 5,000 housing societies that don’t have OC because of various reasons including non-cooperation of the developer.
The chief minister further said the decision will also help residents of old buildings to go for redevelopment as they were stuck for lackof deemed conveyance.
A senior official from the state cooperative department said the deemed conveyance would also be given to the buildings having a construction completion certificate (CC).
A notification to this effect will be issued in the next 8-10 days.
First Published: Jul 27, 2017 09:50 IST