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SOCIETY FORMATION – FAQs

How to form a Cooperative Housing Society in Mumbai?

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.

What documents are required for society formation in Mumbai?

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.

Is society formation mandatory in Mumbai?

Yes, forming a registered Cooperative Housing Society is important for legal structure, property management, conveyance, and redevelopment.

How long does society formation take in Mumbai?

The timeline depends on document readiness and departmental procedures. Proper documentation can significantly reduce delays.

CONVEYANCE DEED – FAQ

What is a Conveyance Deed for a housing society in Mumbai?

A Conveyance Deed is a legally registered document that transfers land and building ownership from the developer to the Cooperative Housing Society.

Is conveyance necessary before redevelopment in Mumbai?

Yes, proper conveyance ensures the society has legal ownership of land, which is critical before starting redevelopment.

What happens if the builder does not give conveyance?

If the developer fails to execute conveyance, the society may apply for Deemed Conveyance under Maharashtra law.

What documents are required for conveyance in Mumbai?

Agreements for sale, land title documents, society registration certificate, and other project documents are typically required.

DEEMED CONVEYANCE – FAQ

What is Deemed Conveyance in Mumbai?

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 should a society apply for Deemed Conveyance?

When the developer is unresponsive or refuses to execute conveyance despite project completion.

Is Deemed Conveyance compulsory for redevelopment?

While not always compulsory, it is strongly recommended if ownership transfer is incomplete.

How long does Deemed Conveyance take in Mumbai?

The timeline depends on documentation and hearings before the competent authority.

REDEVELOPMENT & PMC – FAQ

What is the role of a Project Management Consultant (PMC) in redevelopment?

A PMC monitors construction quality, timelines, compliance, and coordination between society, developer, and consultants.

Why should a housing society appoint a PMC in Mumbai?

PMC ensures independent oversight, transparency, and structured monitoring during redevelopment.

What are the first steps for society redevelopment in Mumbai?

Initial steps include document review, conveyance verification, feasibility assessment, and legal evaluation.

Is RERA applicable to redevelopment projects in Mumbai?

Yes, redevelopment projects may require registration and compliance under MahaRERA, depending on project structure.

RERA ADVISORY – FAQ

Who needs RERA registration in Mumbai?

Developers launching qualifying real estate projects must register under RERA before marketing or selling units.

Can housing societies seek RERA advisory support?

Yes, societies undergoing redevelopment can seek professional RERA compliance guidance.

What are penalties for non-compliance under RERA?

Non-compliance may result in financial penalties, project delays, or regulatory action.

How does RERA protect homebuyers in Mumbai?

RERA promotes transparency, accountability, and proper project disclosures.

SOCIETY ACCOUNTS & AUDIT – FAQ

Is audit mandatory for Cooperative Housing Societies in Mumbai?

Yes, annual statutory audit is mandatory under Maharashtra Cooperative laws.

What records must a housing society maintain?

Societies must maintain books of accounts, bank records, maintenance receipts, expenditure statements, and statutory registers.

Why are proper accounts important before redevelopment?

Clear financial records build trust among members and are often reviewed during redevelopment planning.

Can consultants manage society accounting in Mumbai?

Yes, professional consultants can assist with bookkeeping, audit preparation, and compliance.

PROPERTY LIAISON SERVICES – FAQ

What are property liaison services in Mumbai?

Property liaison services involve coordinating with government authorities and departments for approvals and documentation.

Why are liaison services important in Mumbai real estate?

Mumbai projects often require structured follow-ups with authorities to avoid delays and procedural errors.

Can housing societies appoint liaison consultants?

Yes, societies often appoint professionals to manage regulatory coordination and documentation.

Do liaison services help in conveyance and redevelopment?

Yes, liaison support is often required during conveyance, deemed conveyance, redevelopment, and compliance processes.