Commercial shops rates slashed by DDA, right time to invest?

The Delhi Development Authority (DDA) has reduced the prices of commercial shops at prime locations across the national capital.

New Delhi: The Delhi Development Authority (DDA) has reduced the prices of commercial shops at prime locations across the national capital. In an official statement issued on Wednesday, Delhi`s landowning agency DDA said, "The authority has reviewed the method of pricing of built-up shops and approved significant changes in the pricing policy which aim to keep the prices fair and competitive." According to the DDA`s existing policy, the cost of construction was enhanced every year by 10 per cent with respect to the year of construction while fixing the reserve price whereas generally structures are depreciated as they age.