'Sale clause can't justify delay in conveyance'
MUMBAI, April 1 -- The Bombay high court has ruled that developers cannot use clauses in sale agreements to indefinitely delay the execution of conveyance deeds in favour of housing societies and flat purchasers. Statutory rules under the Maharashtra Ownership of Flats Act (MOFA), 1963, lay down a fixed timeline of four months for execution of conveyance, which formally transfers ownership of the land and building to the housing society, the court said. It declared as void "any clause in the agreement for sale that attempts to override or nullify this statutory obligation", saying they were inconsistent with MOFA....
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