Godrej Properties Acquires Raj Kapoor’s Bungalow In Mumbai

Last updated on July 25th, 2023 at 11:15 am

Godrej Properties has acquired late Bollywood celebrity Raj Kapoor’s bungalow in Mumbai’s Chembur suburb to develop a premium residential project.

According to a statement from the Delhi Development Authority (DDA), the Housing Rules, 1968, which were enacted under section 57 of the DDA Act, 1957, have been “approved modifications/relaxations” as requested by the DDA. 

The DDA is now accepting applications for the first time for the allotment of freshly constructed flats if the applicant has a flat or a plot of land in Delhi that is less than 67 square meters in size.

The DDA stated in a statement, “Anybody in Delhi with a flat or plot that is less than 67 square meters is now qualified to apply for the first time for the DDA’s assignment of freshly built flats.

The primary regulations prohibited anyone from applying for an allocation of DDA flats if they or any of their family members already owned a flat or a plot of land, regardless of the size of the flat or plot.” 

According to the statement, the goal of the revisions and relaxations was to make it easier for the general people to purchase DDA flats.

It did not, however, state when the central ministry approved the revisions or relaxations.

The waitlisted candidates will be assigned the forfeited or canceled flats through a small lottery, according to the DDA’s new regulations for owning a property in Delhi.

A locality shall be judged to be a “developing area” if more than 25% of the available apartments in any region or locality where they were first offered remain unsold.

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The DDA stated that as soon as such unsold flats in a developing area are given under the future housing project, no restriction about owning flats or plots of land in Delhi shall be applied to the applicants.

Apart from private parties, other entities eligible for apartment allocation include the federal government, the state government, municipal governments, and autonomous federal or state government authorities.

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