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.