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Delhi Metro | DMRC to pay Rs 1 annual rent for land to DDA

New Delhi: In what will come as a big relief for Delhi Metro Rail Corporation (DMRC) for property development to generate revenue , the urban development ministry has decided to direct Delhi Development Authority ( DDA ) to charge land rent at only Re 1 per annum. This rate will be applicable for 99 years’ lease.

 The decision was taken by the UD ministry last week after several rounds of…

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Updated: June 12, 2016 — 6:22 am

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