Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
The Goa Cabinet has approved the ‘Mhajo Flat’ scheme to provide legal ownership rights to thousands of flat owners who have been unable to obtain title to their properties because of disputes between developers and landowners or incomplete conveyance procedures. Announced in the past week, the initiative includes amendments to the Goa Cooperative Societies Act, the Indian Stamp Act and related revenue provisions to facilitate unilateral deemed conveyance. The state government said the scheme would enable cooperative housing societies to secure conveyance even where developers have abandoned projects or legal disputes remain unresolved. It also introduces concessional stamp duty and registration charges to simplify the process and is expected to support the redevelopment of ageing residential buildings across Goa.
The Goa Cabinet has approved the ‘Mhajo Flat’ scheme to provide ownership rights to thousands of flat owners who have been unable to secure legal title to their properties due to disputes between builders and landowners, abandoned housing projects or the absence of conveyance deeds. The decision was announced in the past week by Chief Minister Pramod Sawant following a Cabinet meeting in Panaji. The scheme seeks to simplify the process of obtaining deemed conveyance through legislative amendments, allowing genuine flat purchasers to secure legal ownership and facilitating the redevelopment of ageing residential buildings across the state.
According to the Chief Minister, many residents purchased flats between 30 and 40 years ago but continue to possess only agreement-based rights because developers failed to execute conveyance deeds, land ownership issues remained unresolved or disputes arose between builders and landowners. To address these long-standing issues, the government has approved coordinated amendments to the Goa Cooperative Societies Act, 2001, the Indian Stamp Act, 1899, and related provisions administered by the Revenue Department. These changes are intended to simplify unilateral deemed conveyance and provide legal ownership to eligible flat purchasers.
Under the scheme, flat owners will be able to form cooperative housing societies empowered to obtain conveyance of the land even if developers are unavailable or disputes with landowners remain unresolved. The Cooperative Department will facilitate the conveyance process and intervene in cases where ownership disputes have prevented societies from obtaining legal title to the land beneath their buildings.
The state government has also introduced financial relief measures to reduce the cost of obtaining deemed conveyance. It said registration charges for the conveyance process would be capped at INR 10,000, while concessional stamp duty would be levied. In addition, amendments will remove the requirement for multiple stamp duty payments by prescribing a nominal charge of INR 1,000 on subsequent instruments executed as part of the same development transaction. The government stated that these measures are intended to make the conveyance process more affordable for housing societies.
Sawant said the reforms are expected to resolve long-pending ownership disputes affecting thousands of flat owners across Goa and enable cooperative housing societies to obtain clear legal title. The government added that by streamlining the conveyance process and addressing unresolved ownership issues, the scheme would also facilitate the redevelopment of several ageing apartment complexes that have remained stalled because of title-related complications.
Source - PTI
Advertisement
Facebook
Whatsapp
