Dhaka, Nov. 9 -- The Ministry of Housing and Public Works has issued a landmark notification simplifying post-transfer management of residential plots and flats developed under its authority. Under the new order, the longstanding requirement to obtain prior approval from the lessor institution for name transfer, sale, gift, or mortgage of residential plots and flats has been abolished.

According to the gazette issued on Sunday, residential plots or flats developed and allocated by the Ministry and its affiliated agencies can now be transferred without the approval of the lessor organization. However, approval will still be required in cases involving subdivision, amalgamation, or change in land use that affects the master plan.

The noti...