CWG: Developers pay penalty for regularising flats
The Centre is likely to give its nod for regularisation of the CWG Village flats that had exceeded the sanctioned floor area ratio (FAR) after the penalty for extra construction is paid by the developers.
New Delhi: The Centre is likely to give its nod for regularisation of the CWG Village flats that had exceeded the sanctioned floor area ratio (FAR) after the penalty for extra construction is paid by the developers.
"It has been found that many flats have exceeded in FAR in the Games Village. Those flats which have exceeded by 5 per cent of the sanctioned FAR are compoundable and can be regularised after paying the penalty," said a senior Urban Development Ministry official, adding, "those beyond 5 per cent excess are non-compoundable."
Even eight months after the Commonwealth Games, 1168 flats are lying unused in the Games Village. Neither the developers nor the DDA is able to sell these flats in the absence of completion certificates.
Currently, the Delhi Development Authority has undertaken an extensive exercise to find out the compoundable and non-compoundable areas in the Village.
Once the compoundable area is identified, the developers will have to pay Rs 15,000 per sq ft to legalise the excess constructions in the flat.
After the regularisation, flats will be given completion certificates by the DDA and then the same will be allowed to be sold or rented out to individuals, PSUs and other agencies.
Besides MPs and MLAs, Delhi Police and Delhi Government are also keen to have a few flats in the Games Village.
According to DDA sources, a special scheme can be formulated to regularise those flats which have exceeded FAR beyond 5 per cent of the sanctioned limit.
"They can be legalised after the payment of a hefty penalty. However, a decision is yet to be taken on non-compoundable areas," sources added. The DDA, which had given Rs 766 crore to builders Emaar-MGF as bailout package during the construction, owns 711 flats and the developers have 457 flats in the Games Village.
The developers had faced serious problems in raising resources from the market due to the slowdown during the construction of the flats in 2009.
The flats were purchased by the DDA at Rs 11,000 sq ft as a bailout package.
"We are in the process of giving completion certificates and till they are issued, no flat can be sold or rented out," a senior DDA official said.
DDA has received several requests from various PSUs for allotment of these flats. It has already given approval for the sale of Games Village flats to public sector undertakings by amending housing regulations.