Deemed Conveyance
The provision of obtaining deemed conveyance offers several advantages to housing societies. It grants them the legal title and ownership of the land, along with the development rights, and allows them to register the property in the government’s records. This ensures that the land becomes free and can be sold in the market to potential buyers.Moreover, with the deemed conveyance, the society becomes eligible to retain any additional Floor Space Index (FSI) it may have and take advantage of Transferable Development Rights (TDR). An essential aspect of deemed conveyance is that it enables a society to obtain permission from the planning authorities for the redevelopment of its structures. This is particularly crucial as it opens up opportunities for the society to enhance or renovate their buildings, potentially improving living conditions for residents and overall property value.
How Can We HELP ?
With an experienced team and network of associates liasoning with government agency, we ensure complete compliance before applying for Deemed conveyance, thus saving the society time and money.
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Redevelopment / Self-Redevelopment
Housing societies often contemplate redevelopment at some juncture, driven by the desire for improved structures or to capitalize on new regulations that offer supplementary advantages.Redevelopment of housing societies is a common occurrence, especially in urban areas where buildings and infrastructure might have aged or where new regulations offer incentives for redevelopment.
How Can We HELP ?
Successful society development requires meticulous attention to regulations, risk mitigation, and contractual clarity. Navigating complex regulatory landscapes, identifying and addressing potential risks, and establishing clear contracts and agreements are vital. Transparency in financial management, community engagement, sustainable practices, infrastructure planning, and ethical compliance contribute to a project’s long-term success. Collaborating with experts across legal, financial, and development fields enhances the project’s viability and alignment with legal and ethical standards.
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Co-Op Housing Society
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Location
25,Dimple Arcade,
Thakur Complex, Kandivali e
Mumbai – 101
info@plegal.in
8898020008
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