DDA increases price of residential plots by over 100 times
DDA is charging Rs.14,120 per square metre of land under the LIG category against Rs.100-200 per square metre offered in 1981
Jan 02, 2015
Source : India Today


New Delhi: If beneficiaries of the jinxed Rohini Residential Scheme thought the allotment letter by the Delhi Development Authority (DDA) was to end their woes, a rude shock is awaiting them.

The DDA has allegedly increased the price of residential plots by over 100 times while issuing demand letters. The successful persons are feeling cheated as the DDA is charging them Rs.14,120 per square metre of land under the LIG category against Rs.100-200 per square metre offered in 1981.

The recipients allege that the price offered in DDA's brochure in 1981 was a "contract" with the applicants and the demand letter issued at the current market price is a rude shock for them.

There are four plot categories- 26 square metres (at Rs.100 per square metres), 32 square metres (Rs.125 per square metres), 60 and 90 square metres (both Rs.200 per square metres).

However, the prices for these categories, as mentioned in the demand letters, is Rs.11,252 per square metres (26 square metres), Rs.14,120 per square metres (32 square metres) and Rs.23,252 per square metres (both 60 and 90 square metres).

The DDA had recently issued allotment-cum-demand letters to nearly 11,000 applicants following directives of the Supreme Court.

The receivers rue that they had to wait for 33 years to get the allotment letter but the increased price has stunned them as the scheme brochure had clearly mentioned the cost of land.

Rahul Gupta, petitioner for the applicants of the Rohini Residential Scheme, said: "During a debate in the Lok Sabha on December 5, 1983, the then minister for works and housing Buta Singh said that the price given by DDA will be the same as decided on the date of registration. He had also assured that the Rohini scheme will be completed within the promised time of five years.

However, the DDA has increased the plot prices." The DDA, however, claims that rules permit the agency to revise residential property rates.

DDA vice-chairman Balvinder Kumar said: "The rules pertaining to allotment of plots permit us to charge the beneficiaries at existing rates. The DDA is well within law while increasing the prices of residential plots under various categories."

Meanwhile, Rahul Gupta also alleged that despite deciding to pay eight per cent interest on earnest money deposited in 1981, the DDA has been paying only five per cent.

He alleged: "While rolling out the scheme, DDA had promised to give interest at seven per cent on deposits made by applicants.

But, in June this year, the authority decided to increase the interest rate to eight per cent. However, contrary to it, DDA has calculated interest at five per cent as shown in the demand letter."

Latest Realty News

Amid slowdown, resale real estate market brings relief to brokers
Jan 02, 2015
New Delhi: The year 2014 ended on a good note for small real estate brokers, who saw a sales pick-up, albeit of a marginal 10-15 per cent, in the secondary market
DDA's next housing scheme in December 2016
Jan 02, 2015
NEW DELHI: The Delhi Development Authority (DDA) will issue the next housing scheme in December 2016
Regularization of Delhi colonies: BJP eyes big gains
Jan 02, 2015
NEW DELHI: Ahead of the assembly polls, BJP is going all out to woo voters in unauthorized colonies
Flat space cheating complaint to legal metrology department, 2,000 petitioners to BMC can go there
Jan 02, 2015
MUMBAI: The resident of a Mulund housing society filed complaint with the legal metrology department against cheating on floor space by a builder
Clauses on land return, action against officials diluted
Jan 02, 2015
New Delhi: The National Democratic Alliance (NDA) government's land ordinance has made several amendments to the original law rather quietly
Home buyers in Mumbai to feel the pinch as ready reckoner rates increase
Jan 02, 2015
MUMBAI: Home buyers in Mumbai will pay more for their dream home
Rush for property registrations sees record stamp duty revenue
Jan 02, 2015
MUMBAI: The rush of buyers in Mumbai to get properties registered before the state's new ready reckoner regime came into effect on January 1
Govt to probe Gurgaon land scam; Kasni to meet Khattar
Jan 01, 2015
CHANDIGARH: Controversy over the removal of divisional commissioner Pradeep Kasni, relating to Gurgaon Land scam
ED spots Seashore land in Sambalpur
Jan 01, 2015
BHUBANESWAR: Officers of the Enforcement Directorate (ED) located land worth more than Rs 1 crore belonging to the Seashore Group
LIC Housing takes possession of Orbit's premium property
Jan 01, 2015
Mumbai: LIC Housing Finance Ltd (LICHFL) has taken possession of Orbit Corporation's 35-storeyed premium residential tower

Latest Realty News Of State

Realty Talk's