New Bill to be in­tro­duced re­plac­ing for Delhi apart­ment own­er­ship

Accommodation Times - - Housing Finance -

Delhi govern­ment is in­tro­duc­ing a new Bill re­plac­ing the Delhi Apart­ment Owner ship Act, 1986, so as to tackle the prob­lems of the own­ers of apart­ment in the city. Union Ur­ban Devel­op­ment Min­is­ter Venka­iah Naidu has con­firmed and promised that the new Bill will be brought in fa­vor of the apart­ment own­ers of Delhi.

The new Act pro­poses to make eas­ier the trans­fer, in­her­i­tance and sale of apart­ment blocks for apart­ment own­ers in the city. It also aims to pro­vide full own­er­ship rights and sim­pli­fies the process of buy­ing or sell­ing houses. As of now, own­ers only get oc­cu­pancy rights. About 20 lakh peo­ple are es­ti­mated to be liv­ing in Delhi’s apart­ment blocks.

It is spec­i­fied that, the pro­posed Act will not cover co­op­er­a­tive group hous­ing so­ci­eties and DDA flats in the city as these are out of its purview.

“There is no clar­ity in the ex­ist­ing act and it has not been en­forced fully yet. So there is a need for its com­plete over­haul to im­ple­ment its var­i­ous pro­vi­sions, said a se­nior Ur­ban Devel­op­ment Min­istry of­fi­cial.

Naidu had called a meet­ing of Delhi MPs to dis­cuss the is­sues con­cern­ing the city and find a way for­ward.

Be­sides apart­ment own­er­ship, the is­sues of Delhi rent con­trol, unau­tho­rised colonies, Delhi Mas­ter Plan and green­ery of the cap­i­tal were also dis­cussed with four Delhi MPs-Parvesh Verma, Udit Raj, Manoj Ti­wari and Ramesh Bid­huri here.

“The prob­lems in apart­ment own­er­ship Act and Delhi Rent Con­trol Act and reg­u­lar­i­sa­tion of unau­tho­rised colonies were dis­cussed with the Min­is­ter and he has as­sured us to take it up earnestly,” Raj said af­ter the meet­ing.

There will be another meet­ing with Delhi MPs as Naidu has asked them to come up with cer­tain spe­cific sug­ges­tions on these is­sues.

The new Act pro­poses to make eas­ier the trans­fer, in­her­i­tance and sale of apart­ment blocks for apart­ment own­ers in the city.

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