State Govt to regulate ownership of flats

Date:

spot_imgspot_img

Cabinet nod to Meghalaya Apartment Ownership Ordinance, 2015

Shillong: Aiming to regulate ownership of apartments and flats in the city, the Meghalaya Cabinet on Tuesday approved the Meghalaya Apartment Ownership Ordinance, 2015.
Speaking to media persons after the Cabinet meeting, Chief Minister Mukul Sangma said the State government has come out with the Ordinance since it feels that there should be legislative mandate for   regulation of ownership.
The chief minister said the Ordinance would enable the government to ensure that the provision of Meghalaya (Transfer of Land) Regulation Act, 1971, applies and while applying the provision of this particular law, it also would enable the owners of the apartments to protect their interests in respect of interest inheritable and transferable based on the formula that notional value of the land on which the apartment stands would be assigned to the owner, he added.
Urban Affairs Minister Ampareen Lyngdoh shared a few highlights of the Ordinance, which   aims to provide for the ownership of an individual apartment in a building together with an undivided interest in common area facilities. Basically this would indicate maintenance, management and equal responsibilities and contributions for the same for all owners of the apartments.
The Ordinance also zeroes down on the roles of the developers and owners, formation of associations and systematic provisions for the formation of such associations.
The Ordinance also looks at the notion value and subsequent calculations for registration, distribution of the common profits of the property and also provides for the provision of penalty for any contravention of the rules and provisions by an individual or group; and to include promoters’ associations or apartment owners.
Amendment of departmental exam rules
The State Cabinet also approved the amendment to the rules for conduct of departmental examination for police officers.
On the proposal of the Home (Police) department for amendment of the Rule 5 of the Rules for the Conduct of Departmental Examination,1982, for police officers, Home Minister Roshan Warjri informed during the press briefing that the proposal was adopted and approved by the Cabinet.

spot_imgspot_img

Related articles

Changing weather conditions driving H3N2 cases in Delhi-NCR: Experts

New Delhi, Sep 17: Changing weather conditions are driving influenza A strain H3N2 cases in Delhi-NCR, said health...

Indian Army restores vital road connectivity in J&K’s Ramban with 150-foot reinforced Maitra Bridge

Jammu, Sep 17: Days after heavy rainfall created havoc in several districts of J&K's Jammu region, including Ramban,...

Ahead of Bihar polls, ECI introduces colour photos, larger serial numbers on EVM ballot papers to boost clarity

New Delhi, Sep 17: The Election Commission of India (ECI) on Wednesday announced a major revamp of Electronic...

Smriti Mandhana slams second fastest women’s ODI ton by Indian batter

New Chandigarh, Sep 17: Vice-captain Smriti Mandhana registered the second-fastest century by an Indian batter in women’s ODIs...