E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. News/Views

No refund for conversion charges of commercial units

South Delhi Municipal Corporation clarified on Monday that no exemption from conversion charge payment will be given to even those shopkeepers who are running establishments from commercial plots in local shopping centers. SDMC commissioner Puneet Kumar Goel said even commercial units was not pur

BY admin
Published - Wednesday, 05 Dec, 2018
No refund for conversion charges of commercial units
South Delhi Municipal Corporation clarified on Monday that no exemption from conversion charge payment will be given to even those shopkeepers who are running establishments from commercial plots in local shopping centers. SDMC commissioner Puneet Kumar Goel said even commercial units was not purely commercial. “These were commercial plots with a standard plan where the ground floor was commercial and upper floors were residential. If someone is running a unit with 100 Floor Area Ratio, they need not pay conversion charges, but everyone else needs to pay them. The corporation will not be refunding any deposited money,” he said. The commissioner said that a confusion regarding these plots had risen in 53 markets. “Clarification has come from the Union urban development ministry and if required, an amendment will also be done,” the commissioner added. The south civic body’s explanation came following allegations by the opposition parties, who claimed that the civic body was “secretly” pursuing DDA and the urban development ministry regarding amendment to the master plan so that no refunds could be made to traders. “Why are delegations of ex-mayor Subhash Arya meeting the DDA on behalf of SDMC? Why is the standing committee or the House not being consulted on such a major issue? The Gazette of India cannot be changed merely by citing commissioner’s letter,” opposition councillor Abhishek Dutt said. He added that Section 5C of MPD amendments, issued in June 2018, clearly states that “local shopping centers, which are already under commercial use zone, are not liable to pay any conversion charges.”

RELATED STORY VIEW MORE

NDR InvIT Adds Major Logistics Hub With 2.35 Lakh SqFt Facility In Goa
VLIV by Experion First Women-Only Co-Living in Greater Noida
Poonawalla Fincorp Fast-Track Property Acquisitions for Tier 2 & 3 Expansion

TOP STORY VIEW MORE

NDR InvIT Adds Major Logistics Hub With 2.35 Lakh SqFt Facility In Goa

NDR InvIT Trust has inaugurated a new 2.35 lakh sq. ft. building at NDR Varama Sir on Verna Airport Road and handed over to two customers.

01 August, 2025

VLIV by Experion First Women-Only Co-Living in Greater Noida

01 August, 2025

Poonawalla Fincorp Fast-Track Property Acquisitions for Tier 2 & 3 Expansion

01 August, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website