Mumbai: The government’s plan of easing the process of redevelopment of housing societies by allowing those that go in for self-redevelopment to get deemed conveyance within a month found no takers in Mumbai and Pune from May-October this year.
A deemed conveyance is a legal document that transfers ownership of land from a developer to a cooperative housing society, allowing it to develop the property further.
Under the policy announced on May 31, a housing society is required to pass a resolution that it will carry out self-redevelopment, following which it can apply for deemed conveyance. As per the new policy, the conveyance deed is to be granted within a month, down from the previous deadline of six months.
But information obtained under the Right to Information (RTI) Act shows that between May and October, 716 applications for deemed conveyance were filed in Mumbai and Pune, but not one of the housing societies opted for the self-redevelopment route. Of the 716 applications filed at the offices of the deputy registrar, 364 were from Mumbai and its suburbs, and the remaining from Pune city and rural.
Salil Rameshchandra, founder-president of Federation of Grantees of Government Land who had filed the RTI application, said the data clearly shows that self-redevelopment is not easy. “There is only one bank—Mumbai District Cooperative Bank —that currently provides loans for self-redevelopment. It can lend up to Rs 200 crore, which would finance about four to five projects. The cap on lending is as per the RBI’s directives,” he said.
He said in a majority of the old buildings that opt for redevelopment, members are elderly or retired individuals who may be unwilling to take up self-redevelopment.
Ramesh Prabhu, secretary, Mumbai Suburban District Federation of Housing Societies, said while government schemes seem good, getting approvals is not easy. “Getting funds for self-redevelopment is a challenge.”
We also published the following articles recently
A deemed conveyance is a legal document that transfers ownership of land from a developer to a cooperative housing society, allowing it to develop the property further.
Under the policy announced on May 31, a housing society is required to pass a resolution that it will carry out self-redevelopment, following which it can apply for deemed conveyance. As per the new policy, the conveyance deed is to be granted within a month, down from the previous deadline of six months.
But information obtained under the Right to Information (RTI) Act shows that between May and October, 716 applications for deemed conveyance were filed in Mumbai and Pune, but not one of the housing societies opted for the self-redevelopment route. Of the 716 applications filed at the offices of the deputy registrar, 364 were from Mumbai and its suburbs, and the remaining from Pune city and rural.
Salil Rameshchandra, founder-president of Federation of Grantees of Government Land who had filed the RTI application, said the data clearly shows that self-redevelopment is not easy. “There is only one bank—Mumbai District Cooperative Bank —that currently provides loans for self-redevelopment. It can lend up to Rs 200 crore, which would finance about four to five projects. The cap on lending is as per the RBI’s directives,” he said.
He said in a majority of the old buildings that opt for redevelopment, members are elderly or retired individuals who may be unwilling to take up self-redevelopment.
Ramesh Prabhu, secretary, Mumbai Suburban District Federation of Housing Societies, said while government schemes seem good, getting approvals is not easy. “Getting funds for self-redevelopment is a challenge.”
We also published the following articles recently
Delhi HC seeks Centre’s stand on plea over protection of Waqf properties in central vista redevelopment
The Delhi High Court has asked the Centre to provide its stance on the impact of the Central Vista Redevelopment Project on Waqf properties. The court ordered the Centre to submit a status report on specific properties of the Delhi Waqf Board that may be affected by the project. The Waqf Board sought preservation and protection of six properties, including a mazar near the Sunehri Bagh mosque. The court directed the Centre to provide a status report on these properties and their status concerning the Central Vista Redevelopment. The matter will be heard again on February 9, 2023.
The Delhi High Court has asked the Centre to provide its stance on the impact of the Central Vista Redevelopment Project on Waqf properties. The court ordered the Centre to submit a status report on specific properties of the Delhi Waqf Board that may be affected by the project. The Waqf Board sought preservation and protection of six properties, including a mazar near the Sunehri Bagh mosque. The court directed the Centre to provide a status report on these properties and their status concerning the Central Vista Redevelopment. The matter will be heard again on February 9, 2023.
Undertrial ‘hangs’ self in Jajpur sub-jail
A 30-year-old undertrial prisoner, Balaram Behera, who was arrested in a rape case two months ago, was found dead after hanging himself in an under-construction building at the Ragadi sub-jail in Jajpur district. He used a towel to hang himself from the skylight. After being shifted to a community health centre, he was declared dead by the doctors. The police sent his body for autopsy at the district headquarters hospital in Jajpur.
A 30-year-old undertrial prisoner, Balaram Behera, who was arrested in a rape case two months ago, was found dead after hanging himself in an under-construction building at the Ragadi sub-jail in Jajpur district. He used a towel to hang himself from the skylight. After being shifted to a community health centre, he was declared dead by the doctors. The police sent his body for autopsy at the district headquarters hospital in Jajpur.
Doctor kills wife & 2 kids, hangs self in Rae Bareli
A 45-year-old doctor, Arun Kumar Singh, allegedly killed his wife, son, and daughter before taking his own life in a suspected murder-suicide in Rae Bareli. The bodies of the four were found at their home in the Modern Railcoach Factory township. Singh, an eye specialist battling with depression, hanged himself after killing his wife Archana (40), son Arav (4), and daughter Areeba (11). The bodies of his wife and children were found on a bed. Authorities are investigating Singh’s mental state and the motive behind the murders.
A 45-year-old doctor, Arun Kumar Singh, allegedly killed his wife, son, and daughter before taking his own life in a suspected murder-suicide in Rae Bareli. The bodies of the four were found at their home in the Modern Railcoach Factory township. Singh, an eye specialist battling with depression, hanged himself after killing his wife Archana (40), son Arav (4), and daughter Areeba (11). The bodies of his wife and children were found on a bed. Authorities are investigating Singh’s mental state and the motive behind the murders.