India, Nov. 2 -- The BJP-led Mahayuti government is considering repealing the Maharashtra Ownership of Flats Act, a move experts warn could weaken the rights of housing societies.

Calling the proposed move "builder-friendly" in a real estate market already driven by developers, housing experts point out that scrapping MOFA would deprive thousands of housing societies of their right to ownership of land assigned through "deemed conveyance", a conveyance deed under the Act. A housing society is provided deemed conveyance of their land via a legal process when the builder or land owner fails to provide conveyance within the legal timeframe.

The government is mulling the repeal of MOFA, enacted in 1963, on the urging of real estate bodies s...