DDA Housing Scheme 2018

DDA Housing Scheme 2018 is Here to Fulfill the Dreams of Many

Finance

If you are someone who is willing to buy a dream home, all you need to know about DDA Housing Scheme 2018. Yes, under this unique and special scheme, the citizens of India can apply for affordable housing hence can easily fulfill their dream home wish. If we talk more about this scheme, it is basically for the people of lower income group/expandable houses/middle-income group, offering nearly 21,000 homes by June 2018.

When it comes to this scheme, it is directly linked to Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY), which is a Government of India initiative, whose main endeavor is to provide the affordable housing to one and all by 2022. Moreover, with a total number of 20,980 flats which are being offered, it would not be wrong to say that 3,622 flats are for Janta or Economically Weaker Section (EWS), 16,298 are for Lower Income Group (LIC), 579 are for Middle Income Group (MIG) and 488 are for Higher Income Group (HIG).

Moreover, the best thing about these flats is the fact that they are well-designed with eco-friendly and sustainable methods hence promote the concept of healthy living. Apart from this, these DDA housing 2018 flats are widespread in different locations such as Vasant Kunj, Dwarka, Rohini,Narela, Siraspur, etc. Hence, are in the approach of all and this is the reason that why many are interested in buying them. However, when it comes to buying, it is important that we should talk about the price range.

But before we tell you the prices, one thing that needs to be mentioned here is the fact that Government has kept the prices low so that these flats will remain within the reach of many. Now that we talk about the prices, they lie in the range of 7.5 Lakh to 1.44 Crore. By looking at the price, if you think that it is still out of your pocket, nothing to worry as the Government has a solution for this also. Yes, the Delhi Development Authority has signed up with 10 renowned lenders of the country such as  Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank  

Thus, which means, if you can’t afford this price range, nothing to worry as you can have an option of availing a home loan from these lenders. Yes, these top lenders are always ready to give you the required funds as all you need to do is get the application brochure worth 200 either from a bank or downloading the same online from the official website of DDA. Suppose, if you want to avail a credit from State Bank of India, it would be advisable for you to use the SBI home loan calculator so that you can have a quick idea of your EMIs. With the help of doing the same, it would be easy for you to figure out whether your monthly installments are going to be affordable or not.  

Hope you will keep this quick tip in mind while searching your dream home!

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