New Bill on Delhi apartment ownership in the offing

 28 June,2014
New Bill on Delhi apartment ownership in the offing

In a meeting with Delhi Members of Parliament, Union Urban Development Minister Venkaiah Naidu assured that a new Bill will be brought in to address the concerns of apartment owners in the city.

However, 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 var  provisions, said a senior Urban Development Ministry official.

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.

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