Relief for Ansal Property owners as ban on registry and conveyance lifted

The Department of Town and Country Planning had previously imposed a ban on the registry and conveyance of Ansal properties due to the builder's failure to renew its license. Ansal Buildwell had been granted a license to develop the Sushant Lok 2 residential colony on a vast 293-acre land parcel. Unfortunately, this license had lapsed in 2019, and according to legal requirements, the renewal application should have been submitted a month before its expiration. However, Ansal Buildwell developers did not fulfil this obligation.
In response to this non-compliance, the Department took decisive action, issuing orders to halt all construction work on Ansal properties and erecting notices prohibiting the buying and selling of these properties. This created significant hardship for property owners within the project. They found themselves trapped in a challenging situation, unable to either acquire or divest their properties. Furthermore, obtaining conveyance deeds for their properties became an elusive goal.
In a proactive move, members of the Gurugram Resident Forum met with Satyaprakash, the Director General of Town Planning, presenting him with a memorandum urging the removal of the ban on property registrations. In response, the district town planner issued orders stipulating that conveyance deeds would apply to properties held in the name of the builder, while properties held by the allottees would not face any restrictions or complications.
District Town Planner Narendra Kumar facilitated discussions with tehsildars and sub-registrars regarding conveyance deeds, ensuring that property owners could engage in buying or selling without unnecessary obstacles. This decision, favouring the allottees, brought immense relief to individuals who had invested their money in the property back in 1990. Finally, allottees had the freedom to sell or lease their properties, and prospective buyers could complete property transactions without hindrance. The revocation of the ban resolved numerous issues for those who had placed their investments in Ansal properties.

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Relief for Ansal Property owners as ban on registry and conveyance lifted

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