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Home>>Business>>DDA launches special housing scheme to sell over 18,000 flats returned by allottees
Business

DDA launches special housing scheme to sell over 18,000 flats returned by allottees

international media news
December 25, 2021 324 Views0

Delhi Development Authority (DDA) launched a “special” housing scheme  to sell over 18,000 flats that were returned by allottees of previous schemes. The flats on offer are at locations like Jasola, Dwarka, Vasant Kunj and Rohini. Most of these flats are one-bedroom ones and located in Narela.

According to a report in the Times of India, out of the 18,335 flats on offer, 11,452 belong to lower income group (LIG) category one-bedroom flats, with the price ranging between Rs 14.1 lakh and Rs 41.1 lakh. More than 8,000 of them are in Narela, while the rest are in Rohini, Dwarka, Siraspur, Ramgarh, Lok Nayak Puram etc.

The last date to apply for the scheme is February 7, 2022 and the registration amount is Rs 25,000 for economically weaker section flats, Rs 1 lakh for LIG flats, and Rs 2 lakh for middle-income group (MIG) and higher income group (HIG) flats.

The number of three-bedroom HIG flats is 202, out of which 182 are in Jasola, 18 in Vasant Kunj Block F and 2 in other locations. There are also three HIG flats with two bedrooms in different parts of Vasant Kunj. With a plinth area of up to 177.3sq m, the HIG flats at Jasola are the costliest with prices ranging between Rs 1.9 crore and Rs 2.1 crore, the publication mentioned.

The number of two-bedroom MIG flats is 976, out of which the majority — 486 — are located in different sectors of Dwarka, followed by 461 in different sectors of Narela, apart from a few in Vasant Kunj, Rohini, Jahangirpuri etc. The tentative prices of these flats range between Rs 50.2 lakh and Rs 1.2 crore.

Worth mentioning here is that earlier this year, DDA had launched a housing scheme with 1,354 flats, which were returned in 2014, 2017, 2019 and 2021. Large numbers of flats, including premium three-bedroom ones and penthouses in Dwarka, are in different stages of construction, but these will be offered later, the daily mentioned citing an official. DDA wants to offer these flats only when the real estate sector witnesses better growth, sources said.

Under the special scheme, DDA is offering the flats at the old rates. The entire process, from application to possession, is being done online through its website and the allottees need to visit the DDA office only for the execution of the conveyance deed.

DDA officials claimed the Narela flats were being offered after taking several remedial measures.

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