Delhi: Land and Development Office (L&DO), which comes under the Union housing and urban affairs ministry, had issued directions to the Delhi revenue department in July, asking not to register any property without the No-Objection Certificate (NOC).
The High-end properties in Delhi that have been converted from leasehold to freehold before March 2000 can be registered without a No Objection Certificate (NOC) from the Land and Development Office (L&DO), the department clarified on Thursday.
Delhi: NOC not needed for properties which changed ownership
In July, L&DO, under the Union housing and urban affairs ministry, L&DO issued directions to the Delhi revenue department, asking not to register any property without the NOC.
The move had stalled high-value property transactions in, South Delhi, West Delhi and Lutyens’ Delhi.
Amit Goyal, CEO of India Sotheby’s International Realty, said that the additional requirement of No Objection Certificate (NOCs) from the Land and Development Office (L&DO) for freehold privately held properties had obstructed several transactions in the most prime locations in Delhi.
NOC not needed for properties which changed ownership prior before March 2000.
This is when many families living in other countries and owning property overseas visit India.
This much-needed clarity while buying property will restart the momentum of the transaction along with registrations of sale deeds, ATS and General Power of Attorneys (GPAs).
No Objection Certificate (NOCs) will not be required for registration of gift deeds, wills, rent agreements, and general power of attorneys (GPA) for both freehold and leasehold properties of the Development and Land Office, the department said in a letter to the revenue department of Delhi.
There is also no need for NOCs to register shops and other properties under the jurisdiction of L&DO, but they were transferred to local bodies in some cases.
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Niranjan Kumar Joshi, deputy land & development officer, said in the letter that Further, there is no processing fee for the No Objection Certificate, and the NOC will be uploaded on the website.
Pradeep Prajapati, the founder of boutique real estate consultancy firm Wealthvisory, said that Capital A momentum had built up after the Covid-19 pandemic and luxury properties, flats and apartments were in great demand; with their clarification, hopefully, the momentum will resume in the earlier way.