In a major decision to check corruption, the government is set to control the housing sector in Delhi through a regulator. It hopes this will put an end to the common man’s complaints against the Delhi Development Authority (DDA), the government’s sole property developer in the Capital.
The nine-member group of ministers (GoM) to tackle corruption, headed by finance minister Pranab Mukherjee, has decided to adopt a key finding by an expert panel that the DDA’s functioning needs to be made more transparent.
The DDA was in the eye of the storm during the 2010 Commonwealth Games for its alleged role in construction of the games village that is now mired in litigation.The DDA faces charges of offering a R700-crore "bailout package" to a private developer, who built the athletes’ village.
The proposed move, once implemented, will ensure that the DDA will no longer have any role in allotment of land or property to institutions and individuals.
“An immediate constitution of the regulatory body for the housing sector to take over the monitoring and oversight functions from the DDA is necessary to bring transparency in the sector,” said an internal note of the GoM accessed by HT.
“A few broad institutional ground rules for regulators and allocations of functions are required. This includes distancing the administrative ministry from the appointment and removal of regulators and ensuring it to a statutorily defined body,” the note states.
This means that the finance ministry would have no role in the appointment of the chairman of the Securities Exchange Board of India or the governor of the Reserve Bank of India.