The Delhi and District Cricket Administration (DDCA) will also have to furnish a bank draft of Rs 50 lakh as "security" deposit which will be "forfeited" if it fails to ensure compliance of safety aspects, officials at South Delhi Municipal Corporation (SDMC) said.
The decision by the SDMC to issue the conditional certificate came hours after Delhi High Court asked the civic body whether it can give the permission to host the matches if DDCA complies with the safety measures within three weeks. The SDMC will inform the court tomorrow about its decision.
"We should adhere to the highest standards," it said.
Radhey Shyam Sharma, chairman of the the standing committee of SDMC, today said that the committee has "decided to issue a conditional occupancy certificate to DDCA giving it 20 days time to complete work on all the 60 safety related points notified earlier."
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He said DDCA has submitted that it has started work on 30 of the 60 safety related points of the stadium furnishing photographs of work and sought more time for complying with SDMC's instructions.
The BCCI on February 5 had given DDCA a deadline till today to procure all required compliance certificates for hosting its share of the World Twenty20 matches.
Failure of the DDCA to get an occupancy certificate for the stadium had created uncertainty over hosting of the matches in Delhi.
DDCA had lost out on hosting an India-Sri Lanka match at the stadium on February 12.
DDCA has also said that work was in progress regarding the corrections in deviations in the present structure of the stadium as pointed out by SDMC, and everything would be completed within three weeks.
The DDCA has informed SDMC that 80 per cent "rectification" work at the stadium which was pointed out earlier by the SDMC has been completed and remaining 20 per cent work will be completed in maximum 2-3 weeks.
The BCCI has allotted 10 T20 matches, six of women and four of men, to be hosted by DDCA from March 15.