Delhi Corpn offers owners to convert stores to Freehold – News2IN
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Delhi Corpn offers owners to convert stores to Freehold

Delhi Corpn offers owners to convert stores to Freehold
Written by news2in

New Delhi: In the steps that can benefit many shop owners, South Delhi Municipal Corporation (SDMC) have issued a circular to change the rental shops to freehold in the prominent market such as Meharchand, Puram RK, Lajpat Nagar, Pushpa Market and Nanakpura after paying 50 % Conversion costs as wise “damage fees”.
The cost of damage is paid for illegal construction carried out in the past.
However, ensuring that unauthorized construction period is always difficult for the civil body.
“Even people often don’t realize how many age extensions.
To avoid confusion and minimize opportunities for misunderstandings, we have proposed to impose a uniform of 50% of the conversion rate as a cost of damage,” said Prem Shankar Jha, Deputy Commissioner, land and department Plantation, SDMC.
Store owners need to submit written statements that illegal construction will be removed by them or regulated by the building department within six months of execution of the transportation certificate after payment of fees.
“Beyond the permitted time limit, unauthorized construction will be destroyed,” said an official.
This amount will be an additional conversion and other fees, including Rs 5 Lakh for combining two stores, regardless of their size.
“Costs can be recovered from all stores at the RS 10 Lakh level for each merging.
The shopkeeper also needs to submit a structural safety certificate from architects or registered engineers and ownership with the proposed shops for merging,” Circular said.
Officials say shop owners can count its own numbers to avoid error opportunities.
Conversion costs will be calculated based on the level of the circle.
This formula is: line circle (for commercial) x store area x 10%.
“This is a one-time opportunity for a limited six months.
For us, it will be an opportunity to generate income and get rid of the task of collecting rental costs.
There are hundreds of shops transferred from the south.
Delhi,” Jha said.

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