The Delhi Development Authority (DDA) has recently notified conversion charges for developing group housing and commercial activities on the plots otherwise meant for industries. The move is expected to develop more spaces for housing units in the national capital.
The statement has been released by Ministry Secretary Durga Shanker Mishra, who told that Master Plan 2021 has permitted residential use (Group Housing) on any industrial units with a minimum area of 3,000 sqm, which follow some other criteria.
Mishra further clarified that these non-industrial activities on such plots will be permitted following payment of conversion and other betterment levies, as applicable. The conversion charges will be based on circle rates of adjoining areas.
“Use conversion charges for permitting ‘residential (GH)” use varies from Rs 14,328 to Rs 24,777 per sq. meters and additional FAR (floor-area ratio) charges have been fixed from Rs 3,039 to Rs 7,597 per sq. meters in various industrial areas,” ET Realty quoted the Ministery as saying.
Moreover, a time period of five years has been allowed for completion of construction which will ensure timely delivery of flats to the users. The conversion charges will reportedly be utilized for augmentation of services, infrastructure, and upgrading of the surroundings of that industrial area.
It is noteworthy that the move will not be applicable on the areas falling in reserve forest, covered under water bodies, land pockets falling under the ridge and regional parks.
In another development, DDA has issued a notification for enabling the planned development of privately-owned lands. This new policy will be applicable on the private land pockets which have been left over from the planned development and could not be acquired, land pockets for which acquisition proceedings have been quashed by the courts.