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.
189
699
8399
11999
899
1499
490
999
348
600
1199
1499
659
999
250
499
253
1099
390
1299
300
1001
279
899
180
899
