The Bombay High Court has ordered a deemed conveyance to the Neelkanth Heights Society in Thane, pulling up the developer, Abhinav Real Estate Private Limited, for failing to hand over the necessary documents.
Deemed ConveyanceBombay High CourtNeelkanth Heights SocietyThaneReal Estate DeveloperReal Estate PuneMay 13, 2025
A deemed conveyance is a legal provision that transfers ownership from the developer to the homebuyers, allowing them to form a cooperative society and manage the property independently, even if the developer has not provided the necessary documents.
The conveyance deed is crucial because it legally transfers ownership from the developer to the homebuyers, enabling them to form a cooperative society and manage the property effectively without the developer's involvement.
The Neelkanth Heights Society faced issues with the developer, Abhinav Real Estate Private Limited, due to the developer's failure to provide the necessary documents for the conveyance deed, leading to legal battles and delays.
The Bombay High Court played a crucial role by ordering a deemed conveyance to the Neelkanth Heights Society, pulling up the developer for its negligence and ensuring that the residents' rights are protected.
This decision sets a precedent for other similar cases, where residents are struggling to obtain conveyance deeds from unresponsive developers, and highlights the importance of the judiciary in protecting homebuyers' rights.
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