Conveyance agents under ACB lens for fleecing flat owners
At a time when the government has been publicising deemed conveyance as a simplified tool to safeguard the interest of flat owners, allegations of corruption and bribery by middlemen for the process in the Mira-Bhayandar region are now under the scanner of the Anti-Corruption Bureau (ACB).
According to norms, developers are mandated to transfer the title in the society’s name within a stipulate timeframe of the formation of a housing society. However, with rights like the future use of floor space index (FSI) and legal ownership of the plot linked to the property title, most developers tend to flout the norm. To resolve the issue, state government modified norms by a provision allowing societies to apply for deemed conveyance in cases where developers or landlords were not cooperating.
“The entire exercise has become a money minting formula for the middlemen demanding an average of `3,000 per flat for deemed conveyance, which translates into `10 lakh for a mid-sized per housing society. While scores of proposals are pending with the sub-registrar office, many are yet to get the right to title of the plot on which they stand,” said social activist Saji IP, seeking a probe into the massive corruption and irregularities.
Local MLA Narendra Mehta has also sought a penal action against the corrupt. A series of complaints has now put the entire activities on ACB radar. Housing societies, mainly of old buildings, are keen on redevelopment, but they are stuck as the land is not in their names sans conveyance, a deed that conveys a property’s title of ownership from the original owner to the ultimate buyer.