DDA puts leasehold-to-freehold conversions on hold: What Delhi homeowners need to know
The ongoing review of the Delhi Development Authority's residential property conversion policy aims to streamline procedures for the public. All outstanding requests for conversion are currently frozen while this evaluation occurs. The policy allows for leasehold properties to transform into freehold, securing full ownership rights. This voluntary scheme encompasses a range of DDA-issued flats…
The Delhi Development Authority (DDA) has temporarily halted the process of converting leasehold properties to freehold status, as part of an ongoing review to make the procedure more user-friendly, according to the Centre's response in the Rajya Sabha. Union Minister of State for Housing and Urban Affairs Tokhan Sahu informed this while addressing a written question.
Pending the review, all conversion requests for residential properties under DDA's management are currently on hold. The conversion process involves transforming leasehold properties into freehold ownership, giving the owner full and permanent rights to the property. Eligible properties include built-up residential plots, certain fixed-term residential properties, LIG, MIG, HIG and SFS flats, and flats built by co-operative societies on DDA leased land.
To qualify for conversion, properties must not have any title disputes and the land use in the lease or allotment documents must be residential. Conversion charges can be paid in a lump sum or annual instalments over a maximum of five years, with a 12 percent annual interest rate. Applicants must submit necessary documents along with a processing fee of Rs 200.
The current policy remains optional for property owners, and conversion is not a mandatory requirement. Once all instalments are cleared, the conversion becomes final, without any extensions to the deadlines.
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