In pursuance of orders issued by Govt. of India, Delhi Development Authority has decided to convert residential flats as well as residential built up plots irrespective of the size in Delhi from lease hold to free hold on payment of conversion charges. The prescribed conversion charges were applicable up to 31.3.2000 and the conversion from 1.4.2000 was to be permitted on the current market rates. It has now been decided to allow the conversion on the revised conversion charges as indicated in the brochure on provisional basis and the final rates will be determined by the Ministry of Urban Development & Poverty Alleviation.
The applicants shall have to pay the difference in conversion charges, if any, as may be finally fixed by the Ministry. The applicants shall have to submit an undertaking for the payment of difference in conversion charges in the prescribed format as given in Annexure-“R” The date of deposition of the conversion charges or the first installment thereof will be the crucial date for purposes of calculating the conversion charges.
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