India News | DDA Extends Time for Payment of Additional FAR Charges Till Dec 31
Get latest articles and stories on India at LatestLY. As a relief measure in view of the COVID-19 pandemic, the DDA on Tuesday decided to extend the time for payment of additional floor area ratio (FAR) and use conversion charges on reduced rates up to December 31, officials said.
New Delhi, Jul 14 (PTI) As a relief measure in view of the COVID-19 pandemic, the DDA on Tuesday decided to extend the time for payment of additional floor area ratio (FAR) and use conversion charges on reduced rates up to December 31, officials said.
The decision was taken during the urban body's Authority meeting, which was chaired by Delhi Lieutenant Governor Anil Baijal.
"To incentivise in-situ rehabilitation projects, DDA (Delhi Development Authority) proposes flexibility in use of land with higher FAR. As a relief measure in view of ongoing pandemic, DDA extends time for making payment of Additional FAR charges & use conversion charges on reduced rates up to 31.12.2020," the Lt Governor tweeted.
FAR is the ratio of a building's total floor area (gross floor area) to the size of the piece of land, upon which it is built.
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"Chaired @Official_dda Authority meeting. Sale of 50 per cent of EWS flats of DDA quota in group housing projects simplified to avoid double stamp duty thereby reducing cost & facilitating expeditious allotment," Baijal tweeted.
More details are awaited from the office of the Delhi Development Authority.
Delhi recorded 1,246 fresh coronavirus cases on Monday, taking the tally in the city to over 1.13 lakh, while the death toll from the disease climbed to 3,411, authorities said. PTI KND
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)