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Can a person own two DDA Flats in Delhi
31-May-2023 (In Property Law)
Can a person own two DDA Flats in Delhi? One MIG DDA Flat which he has purchased from open market in 2000. and the other LIG expandable DDA FLAT which was allotted to him by DDA in 1993 but whose possession letter he has just got in 2015 after clearing all dues under penalty relief scheme of 2008. and then waiting for 7 years (delay on DDA's fault) and finally getting possession letter in 2015 .
As per the norms of DDA nobody can purchase DDA two DDA flats in his/her name or his/her spouse name in delhi. In future if DDA transpried that you have two flats than DDA can take appropriate action and compell to surrender one flat but you need not worry. You can transfer one flat in favour of close relative through power of attorney and create third part interest
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41+
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Adv. Harsh Kumar Gautam
Delhi | 100+ Answers
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Can a person have more than one property in India?
It is legal to own more than one house in India. In India, there are no limits on how many properties a family or individual can own. The purchase of multiple properties can have tax implications depending on their location and usage. 1 February 2023
How many houses should one own?
Answer: The income tax laws do not limit the number of houses that one may own, or the number of houses for which one can receive a benefit from a home mortgage. Tax laws allow for a person to own and occupy a maximum two houses. You can treat the house that your parents live in as a self-occupied home for tax purposes. 28 May 2022
How many flats can be self-occupied?
According to the Income Tax Act of 1961, a homeowner may declare up to two homes as being self-occupied in their income tax return. 29 Jun 2023
Do you have to pay tax if you have two houses?
Multiple Property Ownership Income Tax You will have to pay income tax on all properties that you own. The owner of a house or property, whether its rented or self-occupied, will have to pay the property tax.
See, it seems from your query that- you have a confusion on owning 2 DDA flats. My submission is-
1. for allotment you are asked to give an affidavit that you do not own any DDA flat earlier, rationale behind is DDA cannot afford to allot more than one flat to one person as already bundles of request pending before it.
2. You have all right to buy as many property as you can legally buy. So whether 2/3 you can buy if not prohibited by the sellers condition or by-laws. For example- society laws prohibit you to own 2 flats in your name.
1. for allotment you are asked to give an affidavit that you do not own any DDA flat earlier, rationale behind is DDA cannot afford to allot more than one flat to one person as already bundles of request pending before it.
2. You have all right to buy as many property as you can legally buy. So whether 2/3 you can buy if not prohibited by the sellers condition or by-laws. For example- society laws prohibit you to own 2 flats in your name.
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Adv. Lata Lochav
Delhi | 25+ Answers
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How many houses can a person buy in India? In India, there are no restrictions on how many houses one person can buy. Having multiple residences comes with certain legal obligations. These regulations state that all property must be taxed, even when it is sold.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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