Now, private developers can develop group housing society projects and buy Delhi Development Authority’s plots. During a meeting chaired by lieutenant governor Anil Baijal on Tuesday, the authority approved the policy for sale of group housing plots through e-auction. The new policy permits individuals, partnership firms, private and public limited companies and consortium with sufficient funds to purchase the land and develop it. The owner will have to develop group housing as per the Delhi Master Plan-2021, and 15 percent of the Floor Area Ratio (FAR) will be meant for community service personnel and economically weaker sections.
Published On: Aug 14, 2019