New Bill on Delhi apartment ownership on its way: Cheer among the home owners
The government is speculating over introduction of a fresh Bill to replace the Delhi Apartment Ownership Act, 1986. The Union Urban Development Minister Venkaiah Naidu discussed this issue of the concerns of apartment owners in the city with the Delhi Members of Parliament in a meeting and assured that the problems of the owners of apartments in the national capital will be sorted out soon.
However, the proposed Act will not cover cooperative group housing societies and DDA flats in the city as these are out of its purview. The existing act lacks clarity and there is a need for its complete overhaul to implement its various provisions. The new Act proposes to make easier the transfer, inheritance and sale of apartment blocks for apartment owners in the city. Buying and selling houses was not easy in the past and this new act aims to provide full ownership rights and simplifies the process of buying or selling of houses.
As of now, owners only get occupancy rights. About 20 lakh people are estimated to be living in Delhi’s apartment blocks. Besides apartment ownership, the issues of Delhi rent control, unauthorised colonies, Delhi Master Plan and greenery of the capital were also discussed with the four Delhi MPs-Parvesh Verma, Udit Raj, Manoj Tiwari and Ramesh Bidhuri in this meeting held in the national capital.
Source- The Economic Times
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I had read a news that Delhi apartment ownership Act is going to replace co-operative housing societies in Delhi. But, the Act is not going to cover housing societies and DDA flats.