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Indian Real Estate News : Delhi NCR
Delhi government's fresh directive on sale of properties
Source: indianrealtynews.com May 09, 2012
NEW DELHI: Delhi government issued a fresh directive to the revenue department asking it to allow sale and purchase of immovable properties only through proper sale and not allow any such transactions by way of General Power of attorney (GPA).

The direction issued by Divisional Commissioner Vijay Dev came as registration of properties at 13 sub-registrar offices across the city had slowed down drastically due to confusion on the issue following issuance of an advisory last month by the government clamping down on property transaction through GPA.

Property registrations as well as other transactions like registration of will and rent agreement have also come down due to confusion among the officials and the general public about the advisory.

"In today's direction, the government has asked all concerned officials to strictly comply with the Supreme Court order on the issue. The order has been issued to remove the confusion," said an official.

In a bid to ensure strict adherence to the Supreme Court order on property transactions, Delhi government had on April 27 issued an advisory asking officials not to allow sale and purchase of properties through GPA.

The government had put restrictions on GPA as a mode of property transfer following the apex court order on October 12 last year but such transactions had been taking place despite the order, prompting the government to issue the advisory.

Following the advisory, registration of properties has come down at the sub-registrar offices.
The Supreme Court had on October 12 last year ruled that sale transactions carried out in the name of GPA will have no legal sanctity and immovable property can be sold or transferred only through registered deeds

Tag: Real estate in delhi, delhi properties, delhi property
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