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Answer

Correct Option is Both 1 and 2

Members of the Unauthorised Colonies and Office bearers of the Resident Welfare Associations of Delhi felicitated the PM Modi on the recent historic decision of the Union Cabinet to confer ownership rights to 40 lakh residents of unauthorized colonies in Delhi. Union Cabinet has approved the Conferring of Ownership/Transfer Rights to the Residents of Unauthorised Colonies on the 23rd of October 2019. A Regulation to this effect was notified on the 29th of October 2019. Union Cabinet has also approved the introduction of bill in the ensuing session of Parliament to recognise ownership of property based on General Power of Attorney (GPA), Will, Agreement to Sell, Payment and Possession Document etc. The Proposed bill will allow Registration Charge and Stamp Duty to be levied on nominal charge fixed by the Government instead of the prevailing circle rate as per the extant law. These reliefs are onetime measure for the residents of unauthorised colonies considering their special circumstances. Hence both statements are correct.

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