Self Redevelopment News Today

Self-redevelopment: 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.

The Maharashtra government has given yet another boost to such societies by asking its officers to clear applications ensuring all requisite permissions in place within three months of the date of application.

The government resolution issued on May 31 this year made it binding on officials to issue deemed conveyance for self-development projects within 30 days after application as against the previous six-month deadline.

There are several such stalled redevelopment projects in Mumbai and many people living in transit accommodations. This notice may be the start of many more projects being taken over by the MHADA

Single window will be created in Mumbai for self-redevelopment, and applications will be processed within three months. Meanwhile, NAREDCO Maharashtra has welcomed the move by the govt.

Real estate experts express concern as move was getting support from MVA govt, which was in process of announcing benefits for self-redevelopment