Punjab Assembly Passes Bill Ending NOC Requirement for Illegal Colonies
The Punjab Assembly unanimously passed the Punjab Apartment and Property Regulation (Amendment) Bill, 2024, which eliminates the need for a no objection certificate (NOC) for property registration in illegal colonies. The amendment aims to provide relief to small plot holders, prevent unauthorized colonies, and ensure legal compliance.
- Country:
- India
The Punjab Assembly on Tuesday unanimously passed a significant Bill aimed at abolishing the practice of requiring no objection certificates (NOCs) for property registration in illegal colonies. Chief Minister Bhagwant Mann asserted that the Punjab Apartment and Property Regulation (Amendment) Bill, 2024, would offer major relief to the common people.
Introducing the Bill on the second day of the three-day assembly session, Mann explained that anyone entering a power of attorney or similar agreements for areas up to 500 square yards in unauthorized colonies prior to July 31, 2024, will no longer need an NOC for land registration. This exemption will be in effect until a date specified by the state government.
Mann emphasized that the amendment aims to tighten control over illegal colonies and provide relief to small plot holders. The Bill stipulates stringent penalties for promoters or agents failing to comply with the law, including imprisonment and hefty fines. The amendment seeks to rectify problems faced by the public while ensuring proper regulation and basic amenities in residential areas.
(With inputs from agencies.)
ALSO READ
Diljit Dosanjh Expands 'Dil-Luminati India Tour 2024': More Shows Added
Satyarup Siddhanta Receives Prestigious 'Brigadier Gyan Singh National Adventure Award 2024'
Trump Rules Out Future Presidential Runs, Cites 2024 Bid As Final Attempt
Ayatana Hospitalities Triumphs at World Travel Awards 2024
EPFO Records Highest Monthly Payroll Addition in July 2024