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 Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..