67,000 Maharashtra Housing Societies Await Deemed Conveyance

Around 67,000 cooperative housing societies across Maharashtra are awaiting deemed conveyance, prompting the state to push for faster coordination between the departments involved.

Deemed conveyance becomes necessary when a developer fails to formally transfer the land and building to the housing society.

For brokers, developers and redevelopment professionals, this is more than a documentation issue. Clear ownership is an important part of title due diligence when a society considers redevelopment or self-redevelopment.

Delays can complicate negotiations, legal verification and project structuring. A faster process could therefore bring more societies to a stage where redevelopment proposals can be evaluated seriously.

For Mumbai's redevelopment market, the opportunity will become clearer as societies actually complete conveyance and begin exploring development options.

Sandeep Sadh's Take:

“For the redevelopment industry, clear title reduces one major layer of uncertainty. The real opportunity will emerge when societies completing conveyance start entering the redevelopment market.”