New Delhi, Sept. 24 -- The Delhi government is set to introduce a new conversion policy that will allow industrial plots allotted under a 1996 relocation scheme on a leasehold basis to become freehold, enabling individuals to sell them, industries minister Manjinder Singh Sirsa said on Tuesday. The policy, now in its final stages, will be enforced soon, he added.

The policy covers around 21,759 industrial plots originally allotted by the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) as part of a relocation exercise that shifted industrial units from residential (non-conforming) areas to authorised industrial zones. While leasehold allotments allowed individuals to operate units, they could not sell the plots....