Business Maharashtra announces land conversion policy but housing societies unhappy Updated : September 27, 2018 08:49 AM IST Land conversion policy is set to benefit at least 3,000 housing societies in the Mumbai suburbs and over 22,000 housing societies in the state. Conversion of land is important for housing societies as this was set to ease the process of redevelopment. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.