New Delhi: The Delhi Development Authority (DDA) has decided to hand over all the flats in the Commonwealth Games Village here to Emmar MGF, the company that was assigned the contract to construct the village.
 
As per the decision, the flats will be handed over to the builders in three phases. Under the first phase, 11 towers will be handed over to MGF.

The Company would renovate the flats before handing back 711 flats of the DDA quota to the Authority. The remaining 457 flats would remain with the company.

Neemodhar, Public Relation Commissioner of DDA confirmed the development. As per the contract between DDA and Emmar MGF, all the 1168 flats were to be handed over to the Company by December 14, 2010. The date of the contract ends this month. Therefore if the DDA had not handed over the flats to the Company, the latter would have not been liable to maintain the flats.

The dispute between the DDA and the Company arose at a time when the latter halted the construction work at the village citing financial crunch.

After the Lieutenant Governor’s intervention, DDA had to buy 378 flats by making advance payment to bail out the company and meet the deadline of the Games.  

Tightening the noose around the construction firm, the DDA had seized the security money of the company worth Rs 183 crore.

It is worth mentioning that most of the flats have been sold out and the Company had assured its buyers to hand over the flats just after the completion of the Games.

JPN/Bureau