PROGRAM ON RESTORATION-RECOGNITION OF CITIZENS' RIGHTS OF<br /> REAL ESTATE OWNERSHIP TO BE IMPLEMENTED IN YEREVAN BY 2009<br />


PROGRAM ON RESTORATION-RECOGNITION OF CITIZENS' RIGHTS OF
REAL ESTATE OWNERSHIP TO BE IMPLEMENTED IN YEREVAN BY 2009

  • 11-02-2008 20:00:00   | Armenia  |  Economy
YEREVAN, FEBRUARY 11, NOYAN TAPAN. A program on restoration-recognition of citizens' rights of real estate ownership is being implemented in Yerevan. The mayor of Yerevan Yervand Zakarian said at the February 11 press conference that the program is aimed at recognizing citizens' rights of real estate they have used for decades. According to the mayor, this work in several development zones started as early as last year. The deadline for restoration of property rights is December 2009. Under the program, property rights of Yerevan residents will be restored in 2008 in the following way: the first quarter of 2008 - rights will be restored for residents of Avan and Nork-Marash communities, the second quarter - rights of residents of Kentron community, the third quarter - rights of residents of Shengavit community, the fourth quarter - rights of residents of Malatia-Sebastia community. In 2009, this work will be done in Erebuni, Ajapniak, Davitashen, Arabkir, Kanaker-Zeytun and Nubarashen communities. 10 thousand citizens of non-development zones will restore their rights. Y. Zakarian said that the areas adjacent to Circus, Wine Plant, Republican Stadium, Engineering University and the market in Mashtots Avenue, as well as Fidousi, Kond and Kozern districts will be developed within the next two years. As a whole, according to the mayor, urban development work will be done in 23 areas.
  -   Economy