House Panel Okays Delhi Aptt Ownership Bill 2001

New Delhi, December 22: | Updated: Dec 23 2002, 05:30am hrs
A Parliamentary standing committee has given the nod to the Delhi Apartment Ownership Bill, 2001, but suggested reduction of stamp duty, clarity on terrace rights and a single window system for conversion of leasehold property to freehold to make it easier for apartment owners to secure their rights.

In its report presented to the Parliament during the winter session, the standing committee on urban and rural development also suggested that the Bill should clarify that an apartment owner would get his duly constituted general power of attorney (GPA) registered and further linkage should be established between the original allottee and all subsequent GPA holders.

The Delhi Apartment Ownership Bill, 2001 was introduced in the Lok Sabha on July 24 last year and referred to the standing committee on July 26.

The Bill sets out a comprehensive framework for management of multi-apartment buildings to secure the title and rights of apartment owners with simple procedure of transfer and registration of titles.

The Bill, which seeks to replace the Delhi Apartment Ownership Act, 1986, also seeks to make management of common services and facilities more effective and facilitate proper enforcement of obligations of promoters and apartment owners.

PTI