1. According to this Act, the Central Government may, through notification regularise transactions of immovable properties held by residents of certain unauthorised colonies. 2. According to this Act, a person with a registered sale deed or other documents proving physical possession of the property is known to be a resident.
3. An unauthorised colony is defined as a colony or development comprising of an adjoining area, where no permission has been obtained for the approval of layout or building plans. Further, the Delhi Development Authority must notify the colony for their regularisation. This Bill mainly aims to recognise the property rights of certain unauthorised colonies in NCT Delhi. This Act provided ownership rights to 40 lakh residents of these settlements in Delhi.
4. This Act has also been claimed to facilitate the overall development of unauthorised colonies, whereby parliamentarians will be able to invest in local area development funds.