The Confederation of All India Traders (CAIT) has welcomed the decision of the Central Government to notify restriction of 10 years limit for paying the conversion charges of the properties. It said that the move will provide relief to the traders of Delhi from sealing.
CAIT Secretary General Praveen Khandelwal said conversion charges were a big yearly financial load on the traders. He said paying it every year was a repeated punishment and with this notification now it will come to end which will be much beneficial for the traders of Delhi.
In pursuance of the decision taken by Delhi Development Authority (DDA) on 27th February, 2018, the DDA on Friday issued a gazette notification specifying that owners, residents of the premises under mixed use shall be liable to pay one time conversion charges instead of annual charges, a release from CAIT stated.
“It has further provided that those who have already paid conversion charges for 10 years need not to pay the charges anymore,” it said. The release also stated that according to the notification in case of conversion charges not paid for full amount of 10 years, the balance can be paid within next three months.
CAIT national secretary Ramesh Khanna urged Puri to take immediate steps to notify 351 roads as mixed land use or commercial use. He further said that the status of special area including walled city, Karol Bagh, Paharganj, Sadar Bazar need to be clarified and it is also to be clarified whether conversion charges are applicable on special area or not.