Advertisement
The administration of Andaman and Nicobar Islands is on the verge of releasing a new regulation that would allow individual registration of flats, regardless of the number of units in a building. Until now, buildings with fewer than eight apartments had to form housing cooperative societies, complicating documentation and hindering access to bank loans. The draft regulation, developed in consultation with key stakeholders, aims to remove these hurdles by enabling straightforward flat-level registration and easier financing.
A senior government official mentioned that the administration of Andaman and Nicobar Islands has nearly finalized a new regulation aimed at enabling flat owners to register their units individually, even in smaller buildings. Advertisement
The draft, referred to as the apartment ownership regulation, has been shaped in coordination with multiple departments. Authorities worked together with developers, real estate agents, housing society representatives, legal experts and other community stakeholders.
Under the current system, buildings containing fewer than eight apartments must be converted into housing cooperative societies before registration. This complex requirement has often prevented prospective homeowners from obtaining necessary documentation, thereby blocking their access to bank loans. The pending regulation is expected to dismantle this barrier by allowing owners of flats in buildings of any size to register their units and thereby access formal financing.
This move brings the Andaman and Nicobar Islands in line with other regions aiming to modernise their property frameworks. Reflecting broader administrative reforms, earlier local measures like the Tenancy Regulation, 2023, introduced a Rent Authority to streamline disputes between landlords and tenants. Together, these initiatives point to an emerging trend: simplifying property processes across the Union Territory to boost transparency and legal compliance.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
