The Andaman and Nicobar Islands administration is set to implement a new apartment ownership regulation, which will provide legal proof of ownership, simplify property transactions, and boost confidence in the real estate market.
Apartment OwnershipAndaman And NicobarReal EstateProperty RegistrationHousing GovernanceReal EstateAug 18, 2025
The new regulation, titled the Andaman and Nicobar Island Apartment Ownership Regulation, 2025, is aimed at regularising and simplifying the registration process for flats and apartments in the Union Territory.
The new regulation will allow individual flat owners in buildings of any size to register their apartments, providing legal proof of ownership, facilitating property sales and transfers, and easing the process of securing home loans from banks and other lending institutions.
Under the existing rules, private buildings with fewer than eight apartments were not eligible for registration by the administration, which caused difficulties for owners in obtaining bank loans.
The draft regulation was prepared in coordination with various government departments and incorporated inputs from stakeholders, including real estate developers, legal experts, housing society representatives, and members of the public.
The administration expects to finalise and implement the regulation soon, providing clear guidelines and procedures for apartment registration. Awareness campaigns and stakeholder engagement will continue to ensure smooth adoption of the new rule.
Get the latest updates on the Indian real estate market, including stock performances and trends.
GJEPC promoted the growth of the jewellery industry in Maharashtra through a series of initiatives at Ignite Maharashtra, a significant event in the region.
Bollywood star Kangana Ranaut is selling her opulent Pali Hills bungalow for a whopping Rs. 40 cr. What's next for this talented actress and politician?
Noida's real estate market is on the rise, with luxury housing projects launching ₹5 crore-plus apartments, driven by infrastructure development, improved law and order, and increasing demand from buyers and investors.
The real estate sector in Mumbai has welcomed the Reserve Bank of India’s decision to maintain the repo rate at 6.5%, seeing it as a positive move for home sales during the festive season. Stable interest rates are expected to keep EMIs manageable, encour
Real estate consultant Square Yards has reported that the number of housing units constructed in Sohna since 2020 surpasses the total built over the previous decade (2010-2020).