Ban on sale-purchase of land in authorised colonies lifted

In a major relief to residents of 567 colonies, regularised thirty years ago, the Delhi Government on Wednesday lifted a three-decade-old restriction on sale and purchase of land and immovable properties in these settlements.

Last Updated: Feb 10, 2011, 00:40 AM IST

New Delhi: In a major relief to residents
of 567 colonies, regularised thirty years ago, the Delhi
Government on Wednesday lifted a three-decade-old restriction on sale
and purchase of land and immovable properties in these
settlements.

The decision will allow residents of these colonies
which include Laxmi Nagar, Rajapuri, Shakarpur, Mahavir
Enclave, Shiv Vihar Karawal Nagar, Madhu Vihar Vishwas Nagar,
Krishna Nagar, Adarsh Nagar and Inderlok to sell and purchase
properties.
The decision will also bring in additional revenue to
the government by way of registration fees from property
transactions.

These 567 unauthorised colonies were regularised in
1976-77 by then central government but the land title was not
denotified and the land is still in the possession of the
government.
Majority of these colonies are in East and West Delhi.

Although there was a ban on sale and purchase of
properties in these colonies, officials admit that illegal
transactions were taking place through issuance of power of
attorney to the buyers.

Officials said property prices in these colonies are
also likely to go up because of the government decision.

PTI