2 weeks ago
Maharashtra Clears Path For Deemed Conveyance Of Housing Societies
Many housing societies in Maharashtra still do not officially have their land titles transferred to them.
The government says it is starting steps to speed up this process.
About 60,000 to 70,000 societies are waiting for deemed conveyance.
A minister asked different government departments to work together.
Officials may record a society’s name directly on important land documents.
The plan is also meant to help societies rebuild their buildings themselves.
The government wants to provide tax relief and a 10% incentive for some redevelopment projects.
It also wants to fix tax and registration problems affecting some societies.
The Maharashtra government has begun expediting deemed conveyance for around 60,000 to 70,000 cooperative housing societies.
Revenue Minister Chandrashekhar Bawankule directed several departments to coordinate and simplify the title-transfer process.
Officials may directly record housing societies’ names on property cards or applicable 7/12 land records.
The government plans measures supporting self-redevelopment, including a 10% incentive and proposed 4% concession.
Officials were told to resolve continued non-agricultural tax collection for some MHADA societies and clarify Urban Land Ceiling flat procedures.
- Who
- The Maharashtra government, led in this meeting by Revenue Minister Chandrashekhar Bawankule, along with officials from several departments.
- What
- Steps were initiated to expedite deemed conveyance for approximately 60,000 to 70,000 cooperative housing societies and support self-redevelopment.
- Where
- A special meeting was held at Mantralaya in Mumbai, Maharashtra.
- When
- The article does not specify the meeting date.
- Why
- To transfer property titles more efficiently, implement housing-related tax concessions and incentives, and address procedural hurdles affecting self-redevelopment.
Key facts
- Affected societies
- Approximately 60,000 to 70,000 cooperative housing societies
- Registered societies in Maharashtra
- Around 1.15 lakh
- Meeting chair
- Revenue Minister Chandrashekhar Bawankule
- Proposed redevelopment incentive
- 10%, in accordance with the 2019 government resolution
- Proposed concession
- A 4% concession proposal is to be submitted to the Finance Department
- Land-record action
- Society names may be recorded on property cards or in the applicable “other rights” section of 7/12 land records
- MHADA tax issue
- Non-agricultural assessment tax was abolished for cooperative housing societies under MHADA, but collection continues at some locations
Sources
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