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New Delhi, Apr 7 (PTI) The Centre will soon finalise the conversion rates of registration charges, paving the way for the resumption of the process for converting properties from leasehold to freehold in the national capital, Union minister Manohar Lal announced on Tuesday. The conversion of a leasehold property to freehold means changing its ownership status from rental to total ownership. Since January this year, conversion of Delhi Development Authority (DDA) properties has been on hold aft ...Read More >
The Punjab government has approved industrial reforms to simplify converting leasehold industrial plots and sheds into freehold. Cabinet Minister Sanjeev Arora said the conversion fee is set at 5 per cent, with a one-time stamp duty exemption for conversions completed by 30 April 2026. Measures also streamline documentation and post-allotment services. The Punjab government cleared a set of industrial reforms that changed how industrial plots and sheds were managed. Cabinet Minister Sanjeev Aro ...Read More >
Chandigarh: The Punjab govt has approved major reforms to its existing policy to streamline the conversion of industrial plots and sheds from leasehold to freehold status, industries minister Sanjeev Arora said on Tuesday.The amended policy fixes the conversion fee at 5% and offers a 100% stamp duty exemption for all conversions completed by April 30, 2026.To expedite the transition, the govt has simplified documentation by replacing notarised affidavits with self-declarations and allowing bank ...Read More >
While ruling alliance legislators pulled back all six of their proposed Bills following government assurances, PDP's land ownership Bill and BJP's vocational education proposal failed to find required support in the House. Six of the eight Private Members' Bills sought to be taken up on the third of the Jammu and Kashmir Assembly session on Tuesday were presented and later withdrawn by ruling coalition MLAs. The Treasury benches took up and withdrew all their proposed legislations, while one B ...Read More >
The Punjab Cabinet approved amendments to the state's conversion policy, facilitating industrial plot conversions into various uses. This move addresses industrialists' concerns, aims to streamline estate management, and enhance business ease. Additional policies target micro and small enterprise operations and restructure state financial directorates for efficiency. The Punjab Cabinet has given the green light to amendments in the conversion policy, offering opportunities for industrial plots ...Read More >
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