Conveyance Deed has to be executed within 3 months of getting OC
Conveyance deed which is transferred by a developer to the home buyers has to be executed within three months of the project receiving OC. It is mandatory on a builder to execute the registered conveyance deed within three months from the date of receipt of the occupancy certificate. MahaRERA, recently came out with a circular that has notified and made it mandatory for a developer to submit up to date status report regarding execution of registered conveyance deed. According to section 17 of the Rera act as well as sub-rule two of rule nine of the rules of Rera at a developer has to execute registered convince deed in respect of the real estate project within a period of three months from the date of issue of the occupancy certificate. Agreement for sale executed between promoters (builders) and allottees (home buyers) post 2017, shall be governed by the rules of Rera act. The MahaRERA, has also notified that the registered conveyance deed in respect of real estate projects that ...