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DDA to Boost Sale Of Commercial Plots By Engaging Valuers for Fixation of Reserve Price

[New Delhi]DDA to Boost Sale Of Commercial Plots By engaging two valuers for fixation of reserve price
In the wake of most of its commercial plots not getting disposed in the last few years, DDA has decided to engage two independent valuers for fixation of reserve price.
“The Price Fixation Committee will engage two independent valuers and the higher of the reserve prices recommended by the two will be the reserve price,” the DDA said.
The decision was taken during the Authority meeting of the urban body today.
“It has been observed for over the last 2-5 years that DDA has not been able to dispose of most of its commercial plots.
As per feedback the disposal was found to be hindered due to high reserve price fixed by DDA,” it said in a statement.
The issue of properties located in 22 Nazul Estates like Paharganj, Karol Bagh, among others, where the properties are being used for purposes other than prescribed use was also discussed in the Authority meeting.