President gives assent to Gujarat bill for redevelopment of 25-year-old apartments

Image
Press Trust of India New Delhi
Last Updated : May 26 2019 | 6:25 PM IST

President Ram Nath Kovind has given his assent to a bill which will facilitate redevelopment of 25-year-old group housing societies in Gujarat with the consent of 75 per cent residents, instead of all, officials said on Sunday.

The Gujarat Ownership Flats (Amendment) Bill 2018 was enacted by the Gujarat Assembly in September 2018 and it was subsequently sent to the President for his assent.

The President has given his assent to the Gujarat bill recently, a Home Ministry official said.

According to the legislation, apartments which were built 25 years ago or earlier can be redeveloped with the consent of 75 per cent of the owners.

Till now, redevelopment of any group housing society in the state required consent of all residents, which had led to conflicts in many apartments.

As many apartments in Gujarat are more than 25 years old and require redevelopment, the new legislation will accelerate such activities, the official said.

Last year, the President gave his assent to a similar bill enacted by the Maharashtra Assembly to smoothen the process of reconstructing dilapidated buildings or a complex of buildings in land-starved Mumbai.

The Maharashtra Apartment Ownership (Amendment) Bill was aimed at facilitating reconstruction of old and dilapidated buildings, especially in Mumbai, by allowing "majority consent of the owners instead of unanimous consent".

There are hundreds of buildings in Mumbai which could not be redeveloped as not all the flat owners gave their consent, leading to fears of collapse and other problems.

According to the Maharashtra legislation, the consent of 51 per cent of the residents will be required for reconstruction or repair of old buildings.

Some state bills require presidential assent.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: May 26 2019 | 6:25 PM IST

Next Story