Zee Media Bureau


COMMERCIAL BREAK
SCROLL TO CONTINUE READING

New Delhi: The Centre on Monday announced that the Delhi Development Authority( DDA) will give away land at Rs 1 for building public utilities and services.


M Venkaiah Naidu, Union Minister, Urban Developemtn, said on Monday that the Centre will allot plots at cheap rates for institutional buildings.


As per The Times of India report, while land for health services and non-remunerative uses such as maternity centres and orphanages will be provided by DDA at Rs 1 per annum, the rates for DTC depots and offices too have been reduced substantially.


These have been reduced from commercial market rates ranging between Rs 1,82,400 and Rs 6.72 lakh per sq metre to the `no-profit, noloss level' of Rs 11,745 per sq metre.


Land for health services such as medical institutions, hospitals, dispensaries run by the central or city governments will be given at a nominal charge of Rs 1 per annum.


As per the decision, Delhi government will also get land for offices from DDA at zonal variant rate (ZVR), which ranges between Rs 23,490 and Rs 52,853 per sq metre. The earlier market rate was between Rs 1,82,400 and Rs 6,72,000 per sq metre.


These rates are applicable for 2014-15 and 2015-16. Similarly, the land rates for staff quarters, schools and hospitals of local bodies and Delhi government has been reduced from 10% of residential rates, which were between Rs 31,000 and Rs 75,700 per sq metre, to a nominal charge of Re 1 per annum, the report added.


TOI added that land for roads, graveyards and crematoria, playgrounds and parks, water supply and drainage for DDA colonies will continue to be allotted free of cost or at a nominal charge of Rs 1 per annum.


The decision was taken by the Union Ministry in consonance with the state government and DDA.