Chief Minister Sheila Dikshit said government decided to reverse the restriction imposed by it last year in transaction of properties through GPA considering difficulties faced by people of the city.
"We have decided to allow transaction of properties through GPA. The order lifting the restriction on GPA transaction will come into effect from Monday," Dikshit said.
Following a Supreme Court order on property transactions, Delhi government in April last year had put a stop on property transaction through GPA.
The Delhi High Court on May 5 had quashed the Delhi government order banning property sale through GPA.
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Following the Delhi Government order, volume of property transaction in the city had come down drastically as selling of leasehold properties through GPA transfers was a convenient way of such transactions.
Transaction through GPA was common for properties not having a clear title.
Officials in Revenue department had said government's revenue collection had also come down following the ban on property transactions through GPA.
The lifting of the ban on GPA-based transactions will help sell and purchase of properties in unauthorised colonies where there is no clear title.
The city government had regularised 895 unauthorised colonies in September last year and the decision to lift transaction through GPA will allow property sell and purchase in those settlements, said officials.