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Deemed conveyance

(Querist) 31 July 2012 This query is : Open 
a society is on a leasehold land, Lessor being a BMC, i.e municipal corporation,

earlier a lease deed was signed for 999 yrs with a lessee. however the lessee went out of country, giving a Power to another person.

now through this power he constructed a building vide development agreement with builder,

members of building came together and formed a soceity. now they are opting for deem conveyance/ deed of assignment in favour of scoeity.

is it possible, to soceity to become a lessee thorugh deem conveyance, teh land originally belongs to municipal corporation .



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