High Court Mandates Deemed Conveyance, Prioritizing Flat Owners' Rights

• Mumbai High Court makes Deemed Conveyance mandatory for builders, prioritizing housing societies' rights.
• Court ruled statutory provisions outweigh private agreements between builders and landowners.
• Verdict delivered by Justice Amit Borkar, rejecting claims by Parmanand Builders LLP and others.
• Court emphasized that developers and landowners act as promoters, equally responsible for transferring rights.
• Judgment reinforces Deemed Conveyance as a crucial legal provision protecting flat owners' ownership rights.