#co-operative housing societies

The Bombay High Court has ruled that once a developer has exhausted the permissible development rights under MOFA, they cannot delay transferring land to the housing society by alleging potential future Floor Space Index. This clarifies that deemed conveyance is triggered by completed development, not speculative future gains, protecting cooperative societies from prolonged legal obstruction by builders.

Bombay High Court holds that deemed conveyance under MOFA must reflect proportionate land share based on sanctioned FSI, not total plot area, clarifying statutory interpretation.