Conveyance Deed
Sanjay
(Querist) 01 October 2010
This query is : Resolved
we are about 15 members of a registered cooperative housing society having a piece of land in pune which is at present vacant. We are going to give it to a builder (developer) for development ie to construct flats for the exsisting members and to sell the remaining flats.So that we receive the flats free of cost. In such a case where the exsisting society gives the land for development is it necessary to obtain a conveyance deed from the developer or a Bhogavata patra is enough.
Devajyoti Barman
(Expert) 02 October 2010
An Agreement for Development is sufficient.
Uma parameswaran
(Expert) 02 October 2010
As per my view agreement is enough and it should contain actual cost of the building ,size , area,carpet area,possession ,date of completion and the selling right etc .
