DELHI INSTITUTIONAL PROPERTY • FOUR AUTHORITIES

Delhi’s Institutional Property — Four Authorities, Four Tenure Frameworks

Delhi’s institutional property landscape cannot be assessed through a single freehold valuation framework. NDMC, L&DO, DDA and Delhi Cantonment Board properties each carry different tenure, transfer, conversion, ground-rent and statutory considerations.

01 NDMC
Leasehold
02 L&DO
Leasehold
03 DDA
Allotment
04 Cantonment
Restricted Zone
01 AUTHORITY
NEW DELHI MUNICIPAL COUNCIL

NDMC Leasehold — the New Delhi district

The New Delhi Municipal Council (NDMC) administers the New Delhi district — including Connaught Place, the Lutyens zone, Diplomatic Enclave, Chanakyapuri, Khan Market, Lodhi Colony, Sunder Nagar and Golf Links.

NDMC leasehold properties in these areas can carry 99-year commercial and residential leases with NDMC ground rent. The valuation methodology is therefore not simply a comparison with a freehold property on the same road.

NDMC VALUATION VARIABLE UNEXPIRED LEASE TERM
99 Original
Lease Term
90+ Long
tenure
60+ Remaining
tenure
30 Shorter
tenure

A property with substantially fewer years remaining can require a different valuation treatment from a property with a recently renewed or substantially unexpired lease.

C

Conversion to Freehold

NDMC conversion schemes available to specified categories can materially affect the property's tenure position. The valuation should establish whether conversion has already occurred, is available or remains pending.

CP

Connaught Place Commercial

Commercial properties in Connaught Place inner and outer circles require consideration of tenure together with applicable commercial-use permissions and the specific lease conditions.

LOCAL PRACTICE ADVANTAGE Connaught Place is not simply a location — it is a specific leasehold valuation environment.

A2Z Valuers’ practice from Connaught Place, New Delhi provides direct familiarity with this institutional property environment.

02
LAND & DEVELOPMENT OFFICE

L&DO Leasehold — Central Government residential

The Land and Development Office (L&DO) under the Ministry of Housing & Urban Affairs administers Central Government leasehold residential properties in the New Delhi district and adjacent areas.

L&DO leasehold properties include areas such as Lodhi Estate colonies, Lodi Colony and several residential layouts in the South Delhi region. Their valuation requires the lease deed and operative tenure conditions to be examined rather than assuming freehold-equivalent ownership.

01

Ground Rent

The L&DO ground-rent structure can be an important component of the leasehold analysis, particularly where the original lease terms continue to influence the property.

02

Unexpired Tenure

Remaining lease tenure can materially affect value. A lease approaching expiry requires a different analysis from a recently renewed 99-year lease.

03

Conversion & Renewal

Where conversion or renewal provisions apply, their availability, conditions and status should be established before determining the appropriate valuation basis.

L&DO VALUATION FRAMEWORK Lease Terms → Ground Rent → Tenure → Conversion
→
OUTPUT Tenure-Adjusted FMV
03 AUTHORITY
DELHI DEVELOPMENT AUTHORITY

DDA Allotment — planned housing colonies

DDA allotment properties carry a different valuation question from conventional freehold housing because the allotment history, conveyance status, scheme conditions, property vintage and infrastructure can influence marketability and value.

DWARKA Planned residential sectors
ROHINI Phases I–V
VASANT KUNJ DDA & private developments
PITAMPURA Planned residential market
JANAKPURI Established West Delhi market
PASCHIM VIHAR DDA residential sectors
01

Conveyance Deed

Whether the conveyance deed has been executed is an important starting point. Conveyed properties can have a different transfer position from un-conveyed allotments requiring DDA-related permissions or documentation.

02

Scheme Conditions

The original DDA housing scheme can contain specific conditions, resale restrictions or other rights that need to be examined as part of the valuation assignment.

03

Scheme Vintage

The age and design generation of a DDA scheme can affect specification, layout, amenities and therefore the comparable evidence used for valuation.

04

Sector Infrastructure

Infrastructure, connectivity and metro access can materially influence locality-level values across Dwarka, Rohini and other DDA-developed residential areas.

A2Z Valuers’ DDA allotment valuation methodology explicitly considers the allotment and transfer position, scheme context, property characteristics and locality-level market evidence.

04
RESTRICTED ZONE
DELHI CANTONMENT BOARD

Delhi Cantonment Board — restricted zone properties

The Delhi Cantonment Board administers the Delhi Cantonment area — a security-restricted military zone within Delhi’s administrative boundaries.

Cantonment Board properties can be held under lease terms containing military-area transfer restrictions. The transfer position and any required concurrence become important factors in assessing marketability.

CORE CANTONMENT VALUATION ISSUE MARKETABILITY
FMV Base Property
→

Transfer Restriction

Where transfer restrictions reduce the pool of potential purchasers or create additional approval requirements, the valuation analysis should explicitly consider the resulting marketability effect.

IMPORTANT VALUATION POINT

The precise adjustment should be supported by the actual lease terms, transfer restrictions, applicable approvals and relevant market evidence. It should not be treated as an automatic percentage for every Cantonment property.

S
BANK & SARFAESI APPLICATION

Cantonment Property as Bank Collateral

Where a bank has taken a Cantonment property as collateral, the valuation may need to account for the marketability constraint when supporting DSV, reserve-price or SARFAESI enforcement analysis.

A2Z Valuers’ Cantonment-property approach focuses on the actual transfer framework and its effect on marketability, rather than treating the property as an unrestricted civilian freehold asset.
THE DELHI INSTITUTIONAL FRAMEWORK

Four authorities. Four different valuation questions.

The authority controlling or administering the property can change the valuation framework before the physical characteristics of the building are even considered.

01 NDMC Leasehold

Tenure, ground rent, conversion and commercial-use conditions.

02 L&DO Leasehold

Lease deed, ground rent, renewal, tenure and conversion.

03 DDA Allotment

Conveyance, scheme, restrictions, vintage and infrastructure.

04 Cantonment Restricted

Transfer restrictions, approvals and marketability.

DELHI INSTITUTIONAL PROPERTY VALUATION

Before valuing the property, understand its tenure.

Whether your property is under NDMC, L&DO, DDA or Delhi Cantonment Board, the relevant lease, allotment, conversion and transfer conditions should form part of the valuation analysis.

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