DDA to raise conversion charges of land

26 Jun 2023 CW Team

The Delhi Development Authority (DDA) is set to increase charges for conversion of land from leasehold to freehold for commercial and industrial properties as well as multilevel parking in the city.

In its last meeting, held on June 14, the authority gave approval to hike the rates for FY 2023-24 by 10% on last year's rates.

"While we can implement the decision on a provisional basis, a proposal will be sent to the ministry of housing and urban affairs for final approval and notification, which is expected soon. The conversion rate is 6% of the land value and the increase will be 10% of this value," said the official.

In the case of commercial properties, the land rates for calculating conversion charges have been proposed to increase from Rs 1,98,504 per sqm to Rs 2,18,354 per sqm for the Central, South and Dwarka zones. For the West, North, East and Rohini areas, the rates are expected to go up from Rs 1,37,855 per sqm to Rs 151,640 per sqm. For Narela, they are set to be hiked from Rs 55,144 per sqm to 60,658 per sqm.

In the case of industrial properties, the leasehold-freehold conversion charges in Central, South and Dwarka zones, have been proposed to increase from Rs 1,19,106 per sqm to Rs 1,31,016. For the West, North, East and Rohini areas, they will increase from Rs 82,715 per sqm to Rs 90,986 per sqm. In Narela, the rate will be hiked from Rs 41,359 per sqm to Rs 45,494 per sqm.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..