Pleasant shock to Delhi shop owners! DDA drops conversion charges in 100 top markets

New Delhi, November 15: Delhi Development Authority (DDA) has provided a major relief to 50 thousand shop owners in Delhi with a decision to drop conversion charges in 100 top markets and relaxed norms for household industrial units in residential areas.

 

Union Minister Prakash Javadekar termed the decison to abolish conversion charges as a huge relief for over 50 thousand shop owners. He said these shop owners can now work honestly without fear or favour. 

The civic body, in a meeting chaired by Lt Governor Anil Baijal yesterday, also approved converting 81 rural villages into urban villages and raising limit of amalgamation of land plots from earlier 64 square metres to 200 square metres.

The decision will benefit thousands running their shops, who were facing sealing threat for ‘misuse of land’, in around 100 markets such as Greater Kailash II M Block Market, Defence Colony Market, and Sunder Nagar and other areas.

 

Earlier, the DDA would levy a conversion charge of Rs 87,000 per square metre irrespective of the location of the property. However, after protests by traders and shopkeepers, the rate was revised to Rs 22,000 sqm in 2017.