Delhi Waqf Board to revise property rent

For boosting resources; ‘Board’s revenue is ₹11 lakh per month’

The Delhi Waqf Board will revise the rent of its properties to boost resources and undertake welfare programmes for the Muslim community in the Capital.

The decision was taken by the Board’s chairman Amanatullah Khan, said a senior government official.

Mr. Khan said the Waqf Board was working on rent revision as per the new lease rules that provide for 2.5% of the area circle rate as annual rent for commercial and 2% for residential properties.

“The shop owners and tenants who will not pay revised rent will be asked to vacate our properties,” he said.

Scattered across the city

Rents of the Waqf Board properties scattered across the city have not been revised for many years.

Mr. Khan has directed revision of the rate as per the Waqf Properties Lease (Amendment) Rules, 2014, said a senior Delhi Waqf Board official.

“If the revised rent is realised the income of the Waqf Board will jump up to crores of rupees,” the official said, adding that the Delhi Waqf Board’s revenue is around ₹11 lakh per month.

The Waqf Board owns over 2,000 properties, including shops in commercial areas, residential buildings, lands and graveyards across the city. Most of the Waqf Board properties concentrated in the Old City areas currently have a meagre rent of around ₹500-2,000 for shops and residential places, the official said.

Revised rents

The revised rents as per new rules will earn monthly ₹600 per square metre for commercial and ₹180 for residential properties, the official added.

As per the Sachar Committee report, 2006, Delhi Waqf Board’s properties were valued at over ₹1,000 crore, the official said.

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Printable version | Apr 6, 2020 4:56:11 PM |

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