NEW DELHI: The Delhi Development Authority (DDA) has greenlit facilitation fees for residents of Signature View Apartments, who vacated their homes due to significant structural damage. The compensation will assist with rent payments, set at ₹50,000 monthly for High-Income Group (HIG) flats and ₹38,000 for Medium-Income Group (MIG) apartments starting July 1, 2023, or from their vacating date, whichever is later.
The compensation amount will increase by 10% annually, with the first revision on July 1, 2024, followed by adjustments in July 2025 and July 2026. In 2024, residents will receive ₹55,000 (HIG) and ₹41,800 (MIG); in 2025, this will rise to ₹60,500 (HIG) and ₹45,980 (MIG); finally, in 2026, it will reach ₹66,550 (HIG) and ₹50,578 (MIG). Arrears will be disbursed by the seventh of the following month.
“We appreciate the decision from the LG and DDA to implement the Delhi High Court’s order to provide rent payments with a 10% annual escalation. This long-awaited relief will significantly alleviate the financial strain on families who have been covering their own rent after leaving their flats,” stated Gaurav Pandey, general secretary of the Residents’ Welfare Association (RWA).
The meeting led by LG VK Saxena also approved several other proposals, including the redevelopment of aging staff quarters in Safdarjung Development Area and Old Rajinder Nagar, a change in land use for pooled areas, and the establishment of a multi-sports integrated stadium in Narela, aimed at developing it into an educational hub.
The DDA also authorized Delhi’s tallest residential project at Karkardooma under the city’s first transit-oriented development (TOD) scheme, extending the enhanced floor area ratio (FAR) policy for planned commercial centers for another year.
According to officials, the redevelopment of the old staff quarters, constructed over fifty years ago, will replace deteriorated buildings with modern housing featuring improved infrastructure. The project management consultant is NBCC (India) Ltd, and the redevelopment will operate on a self-sustaining financial model, recovering costs through the sale of built-up areas.
Furthermore, DDA has extended its 2018 enhanced FAR policy for another year to foster commercial growth. “This extension will permit stakeholders to maximize the remaining FAR and generate revenue,” an official commented.
In another resolution, DDA approved the change in land use covering 40.23 hectares to facilitate development under the land pooling policy established in October 2018 as part of the Master Plan for Delhi-2021. This policy encompasses 105 urban villages spread across six planning zones, with Sector 8B in Zone P-II achieving 70% contiguous pooled land, making it eligible for development. Efforts are underway to expand land pooling to additional areas.
For the development of TOD areas, the authority approved various charges payable by developers for activities within the planning area, such as additional FAR.
