DDA rationalises conversion charges for 80 Delhi markets

Sets target of one lakh houses by ’16-end in Rs 9,000-cr budget

Construction of houses, development and disposal of lands, better infrastructure, and expansion of greens are the focus areas in the budget for 2015 tabled by the Delhi Development Authority at its board meeting on Monday.

With a target of adding one lakh houses in the national Capital by the end of 2016, the budget presented by Member (Finance) is estimated at Rs. 9,000 crore.

Although the Minister of Urban Development wanted the DDA to construct one lakh houses by the end of 2015, the authority has promised to deliver these flats by the end of next year.

Also, the DDA is now focussing on building flats with smart and modern designs, besides a housing scheme for senior citizens and green buildings.

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The DDA also rationalised and slashed the conversion charges for 80 markets, including Sarojini Nagar, Khan Market and Green Park, from Rs.89,094 per sq. m. of built-up area to Rs.22,274 per sq. m.

It also approved de-notification of colonies falling in particular development area and the building activities there would stand transferred to the North Delhi Municipal Corporation. The colonies which fall in these development areas are Mianwali Nagar, Paschim Puri, Nagin Lake Apartment, Ekta Enclave, SBI Colony, Shubham Enclave, Adarsh Apartments and six others.