DDA camps for mutation of property
Feb 17, 2014
Source : Hindustan Times

 

DELHI: One of the biggest problem people face in dealing with the Delhi Development Authority (DDA) is when they have to convert the title of their property from leasehold to freehold. In a bid to clear as many pending cases as possible, DDA is holding a five-day special camp at its headquarter, starting Monday.
 
According to DDA Vice Chairman Balvinder Kumar, there are nearly four lakh pending cases of conversion, many of which are stuck due to existing stringent policies of DDA. All plots and flats allotted by DDA since its inception where given on a 'lease' to the allottee and it had to be converted to a 'freehold' after a long winding process and payment of conversion charges. It is rather recently that DDA has started allotting flats with freehold titles.
 
The camp will be organized at DDA's headquarter Vikas Sadan, with each day catering to one zone. Starting Monday with Dwarka zone, next four days property owners of East and South Delhi, Rohini, North Delhi/Narela, West/Central Delhi and remaining cases will be dealt with respectively.
 
People can bring documents and submit them and DDA will give them a date by which they can collect their papers. Kumar has promised that the process will similar to the way passports are issued.
 
DDA is expecting more than 20,000 people to turn up on these five days, including those with properties ranging from DDA flats, group housing societies, residential plots, commercial plots and industrial plots.
 
People whose properties fall in certain categories have been advised not to come. These include properties with no sanctioned building plan, any dispute in misuse charges, title is under dispute or matter is pending in court, properties that have been amalgamated or sub-divided or the required FAR has not been achieved, cases pending with investigating authorities, where term lease has expired and has not yet been renewed, where GPA/ agreement to sell has been executed after October 11, 2011. Also, those whose properties that have changed many hands will have to provide the whole chain of documents for each transaction.

Latest Realty News

Allotments for 900 plot owners in Gurgaon
Feb 17, 2014
DELHI: The HUDA administrator said the process will begin on February 17 and would go on for a week. Each day a specific plot size will be allotted in the draw. The plots will be given to those who had not been given land in Sector 56-57 due to litigations.
DDA to release 21,000 hectares for housing
Feb 17, 2014
DELHI: End users and investors will have great opportunities to buy houses in Delhi at relatively affordable prices. In the last one decade, growth in the National Capital Region (NCR) was mainly driven by the construction activities in the satellite town of Gurgaon and Noida. This was mainly because of unavailability of land in Delhi.
40.72 lakh high spenders in the country under tax scanner
Feb 17, 2014
DELHI: Over 40.72 lakh high value spenders are under the scanner of the Income Tax department which plans to check potential evasion instances before the closing of the financial year on March 31.
Govt destroying Aravali green cover to push realty: Activists
Feb 17, 2014
DELHI: Environmental activists have alleged large-scale felling of trees in the Aravalis, particularly in Mangar and Roz Ka Gujjar, as the Haryana Government pushes hard to get its revised sub-regional plan approved by the NCR Planning Board. The activists allege the ploy behind clearing of forests is to project that many areas in this region have no vegetation.
DLF appoints three new directors
Feb 17, 2014
DELHI: Realtor DLF on Saturday said it has appointed three directors on its board to strengthen its management.
India Inc's capital costs sail northwards: EY survey
Feb 17, 2014
DELHI: Corporates in India are incurring increased cost of capital unlike the developed world, mainly due to higher interest rates, says a survey.
Eyeing votes, govt trying to get real estate bill passed
Feb 17, 2014
DELHI: With an eye on middle-class voters ahead of Lok Sabha polls, the UPA government is pushing hard to get the real estate bill passed in the current session of Parliament.
DLF cuts net debt by Rs 2,500 crore
Feb 17, 2014
DELHI: India's largest realty firm DLFBSE 1.70 % today said it has reduced net debt by over Rs 2,500 crore to Rs 17,400 crore following proceeds from sale of luxury hotel chain Amanresorts, and a refund from DDA.
Finance cost pulls down Unitech net
Feb 15, 2014
DELHI: Real estate developer Unitech has posted a 61 per cent decline in its net profit to Rs 32.8 crore for the the quarter ended December 31 because of higher expenses and finance costs.
DLF net profit almost halves to Rs 1.45 billion
Feb 15, 2014
DELHI: DLF Ltd India's top real estate developer, reported quarterly net profit almost halved, hurt by a one-off loss, although the profit was slightly ahead of analysts' estimates.

Latest Realty News Of State

Realty Talk's