
Frequently Asked Questions (FAQs)
SOCIETY FORMATION – FAQs
To form a Cooperative Housing Society in Mumbai, flat purchasers must submit required documents to the Cooperative Department under the Maharashtra Cooperative Societies Act. The process includes member documentation, proposal preparation, and registration approval.
Typically required documents include:
Agreement for Sale copies, Identity and address proof of members, Builder documents, Building completion-related documents.
Professional guidance ensures proper documentation and compliance.
Yes, forming a registered Cooperative Housing Society is important for legal structure, property management, conveyance, and redevelopment.
The timeline depends on document readiness and departmental procedures. Proper documentation can significantly reduce delays.
CONVEYANCE DEED – FAQ
A Conveyance Deed is a legally registered document that transfers land and building ownership from the developer to the Cooperative Housing Society.
Yes, proper conveyance ensures the society has legal ownership of land, which is critical before starting redevelopment.
If the developer fails to execute conveyance, the society may apply for Deemed Conveyance under Maharashtra law.
Agreements for sale, land title documents, society registration certificate, and other project documents are typically required.
DEEMED CONVEYANCE – FAQ
Deemed Conveyance is a legal process allowing a housing society to obtain ownership rights of land and building when the developer fails to transfer it voluntarily.
When the developer is unresponsive or refuses to execute conveyance despite project completion.
While not always compulsory, it is strongly recommended if ownership transfer is incomplete.
The timeline depends on documentation and hearings before the competent authority.
REDEVELOPMENT & PMC – FAQ
A PMC monitors construction quality, timelines, compliance, and coordination between society, developer, and consultants.
PMC ensures independent oversight, transparency, and structured monitoring during redevelopment.
Initial steps include document review, conveyance verification, feasibility assessment, and legal evaluation.
Yes, redevelopment projects may require registration and compliance under MahaRERA, depending on project structure.
RERA ADVISORY – FAQ
Developers launching qualifying real estate projects must register under RERA before marketing or selling units.
Yes, societies undergoing redevelopment can seek professional RERA compliance guidance.
Non-compliance may result in financial penalties, project delays, or regulatory action.
RERA promotes transparency, accountability, and proper project disclosures.
SOCIETY ACCOUNTS & AUDIT – FAQ
Yes, annual statutory audit is mandatory under Maharashtra Cooperative laws.
Societies must maintain books of accounts, bank records, maintenance receipts, expenditure statements, and statutory registers.
Clear financial records build trust among members and are often reviewed during redevelopment planning.
Yes, professional consultants can assist with bookkeeping, audit preparation, and compliance.
PROPERTY LIAISON SERVICES – FAQ
Property liaison services involve coordinating with government authorities and departments for approvals and documentation.
Mumbai projects often require structured follow-ups with authorities to avoid delays and procedural errors.
Yes, societies often appoint professionals to manage regulatory coordination and documentation.
Yes, liaison support is often required during conveyance, deemed conveyance, redevelopment, and compliance processes.
