DDA Housing Scheme 2014 to be rolled out from September 1

The DDA on August 23 announced its much- awaited ‘Housing Scheme 2014′ – offering over 25,000 flats across various categories while scrapping the proposed plan to reserve 80 per cent flats for the city-dwellers in it.

The new scheme offers flats ranging from Rs 7 lakh to Rs 1.2 crore across categories, viz – EWS, LIG, MIG, HIG, Janta flats and one-room apartments and would be rolled out from September 1.

“We are offering 25,034 flats in the 2014 scheme out of which 22,627 would be one-bed room apartments. Among others, 896 flats are constructed after 2010, with green technology,” said Balvinder Kumar, Vice-chairman, DDA.

“The ‘DDA Housing Scheme 2014′ would be open to applicants from September 1 and the last date to receive the application is October 9. The draw of lots would preferably be taken out within 20 days of the close of the scheme,” a senior DDA official said, adding, applicants can also apply online.

DDA for the first time has also introduced a five-year lock-in period for ownership of the flats, to cut out the middleman and reduce the scope of speculative buying.

“After five years, the DDA will formally execute a conveyance deed in their favour,” the official said.

The registration fee for all other categories is Rs 1 lakh, and Rs 10,000 for EWS (Economically Weaker Section) category, the official said, adding a ceiling of Rs 1 lakh of annual income has been prescribed for those applying under the EWS category.

The one-bedroom apartment flats are in Dwarka, Rohini, Narela and Siraspur areas, priced above 14 lakh onwards, depending on the location and plinth area, the DDA said.

Out of 896 newly-built flats, 512 are MIG flats and 384 Janta flats, located in Mukherjee Nagar, Narela, Rohini and Kalyan Vihar areas. The MIG flats would range from Rs 41.30 lakh and Rs 69.90 lakh and the Janta flats – one room tenement with a kitchentte – would cost a little over Rs 10 lakh, it said.

“The DDA had for the first time proposed a 80-20 quota in this scheme, but that proposal which sought to offer 80 per cent flats to Delhi residents has been scrapped, the official added.

DDA is offering 700 flats for EWS category, which are part of the housing complex at Swatantra Bharat Mills premises at Rohtak Road. The flats have been developed by a private builder as part as part of a Memorandum of Understanding (MoU) signed between the DDA and the builder.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/dda-housing-scheme-2014-to-be-rolled-out-from-september-1/74708.html