SK REAL ESTATE

An occupancy certificate certifies that a building adheres to the national building codes and is suitable for public occupancy or use. It is issued by a development authority or a local government agency, such as a municipal corporation.

In legal and property terms, especially in India, a society often refers to a cooperative housing society. This is a type of housing arrangement where a group of individuals (often apartment owners) come together to manage and maintain their residential complex or building. Each member typically holds shares in the cooperative society and has rights to use and occupy their unit within the property. 

"Deemed conveyance" refers to a legal provision in property law, specifically related to cooperative housing societies in India. It allows for the transfer of ownership of the land and building from the original owner (typically the builder or developer) to the cooperative housing society, even if the original owner has not executed a conveyance deed in favor of the society. In simpler terms, when a cooperative housing society is formed, and if the builder or developer fails to transfer the title of the land and building to the society within a reasonable time, the society can apply for deemed conveyance. This legal process enables the society to obtain legal ownership of the property without the builder's active cooperation, ensuring that the society members have clear title and ownership rights over their individual units and common areas. Deemed conveyance is important because it protects the rights of the residents or owners in cooperative housing societies, ensuring that they have legal ownership of the property and can manage it independently.

Deemed Conveyance gives legal ownership of the land and building to the society, ensuring control over reconstruction if the building collapses. Without it, the builder or landowner may delay or block redevelopment. It also allows the society to raise funds for repairs, protects against builder exploitation, and enables access to additional FSI and redevelopment benefits.