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Freehold Conversion Residential
In pursuance of orders issued by Govt. of India, Delhi Development Authority
has decided to convert residential flats as well as residential built
up plots irrespective of the size in Delhi from lease hold to free hold
on payment of conversion charges. The prescribed conversion charges were
applicablle up to 31.3.2000 and the conversion from 1.4.2000 was to be
permitted on the current market rates. It has now been decided to allow
the conversion on the revised conversion charges as indicated in the brochure
on provisional basis and the final rates will be determined by the Ministry
of Urban Development & Poverty Alleviation.
The applicants shall have to pay the difference in conversion charges,
if any, as may be finally fixed by the Ministry. The applicants shall
have to submit an undertaking for the payment of difference in conversion
charges in the prescribed format as given in Annexure-"R"
The date of deposition of the conversion charges or the first installment
thereof will be the crucial date for purposes of calculating the conversion
charges.
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