HomeNewsBusinessReal EstateCOVID-19 impact: DDA extends time for payment of additional FAR charges till December 31

COVID-19 impact: DDA extends time for payment of additional FAR charges till December 31

To incentivise in-situ rehabilitation projects DDA has proposed flexibility in use of land with higher FAR

July 14, 2020 / 20:43 IST
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On account of the ongoing novel coronavirus, or COVID-19, pandemic, the Delhi Development Authority (DDA) on July 14 provided relief by extending the time for payment of additional floor area ratio (FAR) and use of conversion charges on reduced rates up to December 31, DDA officials said.

The decision was taken during DDA’s meeting held through video conferencing under the chairmanship by Delhi Lieutenant Governor Anil Baijal. It was attended by Anurag Jain, Vice Chairman, DDA, and other members of the authority.

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"To incentivise in-situ rehabilitation projects, DDA proposes flexibility in use of land with higher FAR. As a relief measure and in view of ongoing pandemic, DDA has extended the time period for payment of additional FAR charges and usage of conversion charges on reduced rates up to December 31," officials said.

DDA has extended the time period for payment of additional FAR charges and usage of conversion charges for residential properties or cooperative group housing properties on mixed use/commercial streets and commercial properties (excluding hotel and parking plots) and conversion charges for mixed use or commercial use of premises and shop-cum-residence plots or complexes up to December 12, which was previously up to June 28, officials said.