Deemded conveyance of cooperative society land

In simple legal terminology, the deemed conveyance meaning can be explained as the transfer of right, title, and interest of the land or building in the name of the housing society. In the regular conveyance, the Promoters (construction builder, landowner, or developer) willingly or voluntarily gives the conveyance.

After receiving the index two in the society's name, the next step involves obtaining a property card to reflect the society as the rightful owner. The property card is essential as it serves as an official record of land ownership.

To initiate this process, you'll need to approach the local revenue department or municipal corporation with the registered deemed conveyance document, index two, and other necessary documents. Typically, the required documents include the society's registration certificate, building plan, NOC from various departments, proof of payment of property taxes, and an application requesting the update of the property card.

As per legal requirements, obtaining a property card post deemed conveyance is essential. While the deemed conveyance establishes the society's ownership rights, updating the property card ensures legal recognition and protection of these rights.