DDA reduces time frame to convert property - Hindustan Times
More than two lakh property owners in the city can heave a sigh of relief, with the DDA deciding to significantly reduce the time of converting a property from leasehold to freehold. At present, it takes 90 days for property owners to get their property converted. Under the new plan, it will take merely 45 days.
According to Delhi Develop-ment Authority (DDA) officials, it has allotted more than three lakh flats so far out of which two lakh are on leasehold basis. This means that those who are in possession of leasehold DDA flats are the tenants and not owners. And by converting their property from leasehold to freehold, they become the owner of the property.
“The DDA vice-chairman, GS Patnaik, had taken several meetings wherein he identified the components of the process through which a property is converted. Following this, each component was assigned a timeframe within which work would be done. Hence, the time has been reduced from 90 days to 45 days,” said Neemo Dhar, spokesperson, DDA.
She added that once DDA receives an application it is verified by the legal, finance and management department.
DDA flats which were allotted after 1995 are on freehold basis which means those who have bought it are the owners of the flat. However, prior to 1995, flats were allotted under leasehold basis.
In 1995, the ministry of home affairs decided that houses which were on leasehold basis could be converted to freehold after paying a sum to DDA which is called the conversion charges.
HTC
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