Gandhinagar: The Gujarat Ownership Flats Redevelopment Bill, passed by the Gujarat Assembly last year, has got the nod from the President of India.
President Ram Nath Kovind giving his assent to the bill to allow dilapidated buildings older than 25 years to be redeveloped with the consent of 75% of the occupants.
So far, redevelopment of such housing societies requires consent of 100% of the occupants.
The Gujarat Ownership Flats (Amendment) Bill was passed unanimously by the state assembly on September 19. The Governor had forwarded it to the President on October 9 after giving his assent. The state government said that President Ram Nath Kovind gave his assent to the Bill on April 25.
“The Bill has received Hon’ble President’s assent. The state government will issue a notification soon,” minister of state for law and parliamentary affairs Pradipsinh Jadeja, told reporters.
The Bill will allow redevelopment with consent of 75% of the owners provided it is 25 years old, and if the authority concerned has declared it to be in ruinous condition, or likely to fall or in any way dangerous to persons occupying such structures. Earlier, redevelopment was not possible even if a single owner refused to give his consent.
A senior government official said that the amended law will give a boost to redevelopment.
“Availability of new housing schemes, and that too in the middle of the city, will go up because redevelopment will become easier,” Lochan Sehra, secretary, urban development department, said.
Ashish Patel, president of real estate developers body GIHED CREDAI, said the amended law will benefit occupants of those schemes where redevelopment is not getting nod for want of consent of 100% of the owners.
“A major obstacle in the way of redevelopment of old schemes has been removed,” he said.
Change In Clause
- The Bill will allow redevelopment with consent of 75% of the owners provided it is 25 years old. Earlier, it was not possible even if a single owner refused to give his consent.
- The Gujarat Ownership Flats (Amendment) Bill was passed by state on September 19, 2018