Construction Industry News
The Ministry of Housing and Urban Affairs has instructed the Government of Delhi's Tax Department not to register Land and Development Office (L&DO) property without a Certificate of No Objection (NOC) from the department, a move that will affect are on high value transactions in Lutyens' Delhi. Most properties in Lutyens' Delhi are under the L&DO and are long lease properties.
The buyer has to pay conversion costs and property taxes, and in many cases these costs were not paid, leading to intervention by the ministry.
According to the letter from the L&DO, a department under the Ministry of Housing and Urban Affairs, there are about 57,389 residential, 1,597 commercial, 1,430 institutional and 110 industrial units under the jurisdiction of the department in Delhi.
659
999
379
499
1399
1999
297
899
460
999
1799
2999
599
799
266
699
490
999
784
1599
253
1099
389
499
189
699
