DDA extends rates for floor area ration and land use correction till June 30: Report
The DDA approved multiple proposals at a meeting on January 12
Changes to the rates were notified in June 2018. (Representative Image)
The Delhi Development Authority (DDA) will keep unchanged the rates for floor area ration (FAR) and land-use conversion (for residential, commercial, mixed-use, and cooperative group housing society properties or CGHS) till June 30, 2021.
In a statement on January 12, the DDA said that implementation of the changes was “extended periodically” due to “procedural aspects,” The Economic Times reported. Changes to the rates were notified in June 2018.
“Due to impact of the COVID-19 pandemic on the economy, the existing rates are being further retained for another six months up to June 30, 2021, to provide relief to the lessees/owners of these properties,” it added.