The State Real Estate Authority reveals the details of compensation in expropriation and the status of temporary hand
The Public Authority for the State Real Estate revealed the difference between expropriation and a temporary hand on real estate in the expropriation system that it approved The Council of Ministers yesterday." target ="_Blank"> Providing real estate ownership by transferring ownership of a real estate from its owner to the owner of the project according to the system, with compensation for the owners whose real estate is compensated, in addition to it instead of 20%." target ="_Blank"> The temporary hand on the real estate is: benefiting from the real estate to achieve a public interest for a specific period, without transferring its ownership, and compensating the real estate owners of just compensation with instead of placing a temporary hand of 20% according to the tax fee, and returning real estate after the end of its purpose. />
I showed that in the event that the application is referred to the real estate expropriation committee for study and decide on it with approval or rejection and the issuance of the governor’s decision on the recommendation of the committee, the time period takes 60 days from the date of the request of the General Authority for the State Real Estate. The owner of the project. Completion of the justifications for exchange.
According to the State Real Estate Authority, he deserves those who put the hand on his real estate compensation in accordance with the proverbial fee in addition to it instead of 20% of that value, and compensation in exchange for the damage arising from the status of the temporary hand.
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