CONVERSION OF DDA SHOPS INTO FREEHOLD
Government has approved
a scheme under which all lessees of DDA built-up shops will have
the option of getting their units converted from leasehold to
freehold on payment of 10% of land value as notified by DDA for
the area in which their unit is located as well as payment of
the dues on account of ground rent, service charges, etc. The
original lessees of DDA shops are entitled to 40% discount on
conversion charges whereas power of attorney holders are required
to pay 33.33% surcharge on conversion fee.
This information
was given by the Minister of State for Urban Development &
Poverty Alleviation, Shri Pon. Radhakrishnan in a written reply
to the question of Shri Manibhai Ramjibhai Chaudhari in Lok Sabha
today.
