Home Urban Infrastructure News Realty News Conversion of DDA Built up Flats Further Liberalised

    Conversion of DDA Built up Flats Further Liberalised

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    The Union Ministry of Urban Development has announced relaxation in rules pertaining to sale of property purchased on general power of attorney.Those who wish to sell their Delhi Development Authority (DDA) flats as per the revised policy, holders of General Power of Attorney (GPA) and Agreement to Sell (AS), who have a registered GPA and AS between September 24, 2001, and October 11, 2011, will be entitled to apply for conversion to freehold after paying a surcharge in addition to conversion charges that will be applicable on the date of making their application.

    Flats which were initially allotted on hire purchase basis from April, 1992 to 11.10.2011 will be allowed conversion to free hold on GPA/AS basis on payment of 66-2/3% surcharge in addition to conversion charges as applicable on the date of application.However, un-registered GPA/AS holders will be allowed conversion only up to 24th September, 2001 subject to clearance of all outstanding dues such as instalments, interest etc. Thereafter the applicant will have to give registered GPA/AS for conversion.The above scheme will come into effect immediately.The brochure containing terms and conditions and format of documents to be submitted is available at the Sales Counter of DDA, ‘B’ Block Reception, Vikas Sadan, I.N.A., New Delhi.

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