Delhi govt gives nod to sale of properties in 312 colonies

Image
Press Trust of India New Delhi
Last Updated : Apr 25 2013 | 7:55 PM IST
Delhi government today decided to allow with immediate effect sale and purchase of properties in 312 unauthorised colonies which came up on private land and were regularised in September last year.
"The government has granted permission for sale and purchase of properties on private khasra land in 312 regularised colonies," Urban Development Minister Arvinder Singh Lovely said.
Out of 895 colonies which were regularised last year, 312 settlements are on private land, while the remaining colonies came up on government land.
The decision to allow sale and purchase of properties will bring relief to lakhs of residents of the colonies as government had earlier restricted sale and purchase in the settlements after the issuance of provisional regularisation certificates in 2008.
"Delhi Government has fulfilled its promise in respect of allowing sale and purchase of properties in the 312 colonies. The permission has been granted with immediate effect," Lovely said.
Officials, meanwhile, said the government decision is likely to trigger rise in property prices in these colonies.
The Delhi government has completed all formalities for allowing sale and purchase of properties in these settlements after getting an approval from Lt Governor Tejendra Khanna in this regard, they said.
The city government had issued provisional regularisation certificates to over 1,639 unauthorised colonies ahead of the 2008 Assembly elections.
The then Dikshit government, while distributing the certificates, had promised to regularise the colonies if Congress party comes to power for the third term.
Lovely said permission for registration in rest of the colonies, like colonies developed on Gram Sabha land or colonies situated partially or fully on government land, would also be granted soon.
He said the Revenue department has been working to issue detailed land status details of unauthorised colonies.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 25 2013 | 7:55 PM IST

Next Story