Tuesday, April 16, 2013

SCHEME TO CONVERT DDA FLATS TO FREE HOLD

Allottees of Delhi Development Authority (DDA) flats can now convert them to free hold basis by paying a surcharge. The Urban Development Ministry has said that it has further liberalized the scheme of conversion to free hold, in public interest. This move is expected to benefit thousands of DDA flat allottees. As per the policy, General Power of Attorney (GPA) and Agreement to sell holders (AS) having registered GPA & AS between 24.09.2001 & 11.10.2001 will be entitled to conversion to free hold after paying 66.66% surcharge in addition to conversion charges applicable on the date of application. This scheme have immediate effect.

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