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Delhi government move may push up land prices

Published: 26th April 2013 10:41 AM  |   Last Updated: 26th April 2013 10:41 AM   |  A+A-

With less than 200 days to go for the state assembly elections, the Congress-run Delhi Government made a big announcement on Thursday by allowing sale and purchase of properties in 312 unauthorised-regularised colonies with immediate effect.

Residents of the 312 colonies would benefit as the prices of properties would escalate manifold with this decision.

After due approval from the Union Urban Development Ministry, the Delhi Government had regularised these 312 colonies in September last year.

“The government has granted permission for sale and purchase of properties on private khasra land in 312 regularised colonies,” Urban Development Minister Arvinder Singh Lovely said.

The decision to allow sale and purchase of properties will bring relief to lakhs of residents of the colonies as the government had earlier restricted sale and purchase in the settlements after the issuance of provisional regularisation certificates in 2008.  

Out of the 895 colonies regularised last year, 312 settlements are on private land, while the remaining colonies came up on government land. 



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