Maharashtracooperation ministerAtul Savehas said his department will issue deemed conveyance certificates to cooperative housing societies within one month from the date of application.
Maharashtra has about 1.15 lakh registered cooperative housing societies. About 40% of these societies have conveyance or complete land ownership. For a flat owner and a housing Society, a conveyance deed is crucial because the share certificate, and not the land on which a building exists, is the only evidence of an apartments ownership. Till the time the conveyance deed is issued, the plot remains the property of the developer or the housing body that owned the land at the construction stage. Land ownership also has to be transferred to the society at the time of redevelopment.