Property deals get simpler

CHANDIGARH: Selling property will be easier now that the Supreme Court has scrapped the clause making a no objection certificate mandatory in the sale of freehold property.
The No Objection Certificate clause has been a sore point ever since the administration introduced it three years ago.
In November 2009, the estate office decided not to issue no objection certificates to general power of attorney (GPA) holders for purchase and sale of property in the city.Only the actual owner of the property in question was authorized to apply for the No Objection Clause .“A large number of transactions of freehold property in the city happen on the basis of general power of attorney (GPA). However, the irrational conditions put forth by the UT administration have led to red tapism. I wanted to buy a house from an NRI but eventually the deal was scrapped due to the No Objection Clause norm,” said Aman Randhawa, a city-based industrialist.