Deadline of 5 years is set for private builders to allot possession: DDA

By Accommodation Times News Service

Delhi Development Authority (DDA) has set new deadline for private builders and developers. According to the new land policy implemented by DDA it will be mandatory for the builders and developers to complete the construction of the building and allot the possession to the owners within five years. If the builders do not follow the deadline their license will be cancelled and their land can be seized away by the government.

DDA has amended the new policy in order provide the property to people within the desired time period. After the amendment of the policy the private builders who acquire lands from farmers for building group houses, under the permission granted by DDA, those projects possession should be allotted to the owners within five years of period. According to a officer of DDA, this policy will pressurize the builders to go with their commitments and follow the deadline.

According to the experts, the period of five years is too much looking at the need of housing in the city, to complete a project. Experts say, an individual invest it’s entire life’s savings in purchasing an apartment and if they do not receive possession in desired time period, they have to suffer double loss. At one hand they have to pay the interest on home loan of an apartment, which is still under construction and on other hand they have to pay the rent of their existing house. According to them three years time period is enough for the built-up.

According to NCR’s experience, government agencies are not able to provide basic infrastructure facilities on time like roads, water, electricity, sewage, etc. and when they pressers the builders to follow the deadline, builders blame government for not providing the basic infrastructure facilities. In such arguments ultimately the possession gets delayed. Hence, experts says both the bodies should consider the time limit to complete the project within the desired time.

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One thought on “Deadline of 5 years is set for private builders to allot possession: DDA

  1. The move, it is wished and hoped, will be unanimously endorsed , and full- throatily voted for , as a right step in the only right right direction. In the perspective of any one, well-informed or otherwise, – not being one among the classes of people who have chosen to be ill-informed or nil-informed, out of own freewill or abject ignorance or negligence or otherwise, Though lately, it has come to be mooted now, instead of never ever as before. Mainly, it is left to the government and its empowered authorities to make all sincere efforts, also take ideally suited and effective measures to make the dream come true. Nonetheless, for that to happen, the active /proactive role of the concerned people itself is a must; importance of which has to be measured, at least with a tea cup, not with a tea spoon.

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