DDA to Auction CGHS to Developers for Housing
The Delhi Development Authority (DDA) will amend the rules that will enable the agency to auction land to private developers for residential projects, in a proposal aimed at meeting the growing demand for housing in the capital city.
The proposal permits the amendment in the DDA (Disposal of Developed Nazul Land) Rules, 1981. The DDA approved the proposal to auction residential plots meant for allotment to Cooperative Group Housing Societies (CGHS) to private developers. It was a first-of-its-kind effort by the DDA, which is the main developer in Delhi, to allow private players to develop housing in the national capital.
The idea behind the decision was to gradually allow private developers or CGHS to develop housing projects in Delhi. Private developers, who are allotted land after auctions, will be required to construct housing facilities in keeping with the MPD, 2021, which earmarks 15% of the developed area for people who belong to the economically weaker sections (EWS) of the society.
The land-owning agency has not been able to meet the housing needs of the city, despite undertaking large-scale housing projects at Narela, Dwarka and Rohini. Though DDA has been allotting plots to individuals for the construction of houses, it hasn’t given any to CGHS after a fraud was uncovered in the early 2000s.