Delhi: Signature View Residents to Start Receiving Rent in July 2023
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…