There have been a number of queries from general public regarding liberalisation of policy of conversion on the basis of General Power of Attorney and Agreement to Sell announced by Ministry of Urban Development last week.
In public interest the following is clarified: The execution of Conveyance Deed of DDA built up flats disposed of on freehold basis from 1.04.1992 onwards will be allowed by DDA on the basis of un-registered General Power of Attorney and Agreement to Sell executed during the period from 1.04.1992 to 23.09.2001.
From 2.09.2001onwards and upto 10.10.2011 that is before the date of pronouncement of the judgement of Supreme Court of India dated 11.10.2011 in case of Suraj lamp Industries Pvt ltd-vs-state of Haryana and Anr [in SlP (C) No. 13917 of 2009] conversion will be allowed only on the basis of registered General Power of Attorney and Agreement to Sell. However, in both such conversions surcharge of 66-2/3 per cent in addition to conversion charges as applicable on the date of submission of application will be charged. In case of flats initially allotted on higher purchase basis from 1.04.1992, conversion into execution of Conveyance Deed will be allowed on the above given terms and conditions only if the Applicant clears all dues such as installments, interest charges, penalty, if any. It may be mentioned that from 1992 onwards DDA had allotted flats on freehold basis but before execution of the Conveyance Deed in the name of the original allottee, many allottees had sold these flats.