Aligning with the needs of many in the capital city to own a home, the Delhi Development Authority (DDA) is planning to launch its housing scheme sooner or later in 2018.
Initially, the plan was to launch it in June but due to some construction work in some DDA flats, the scheme is most likely to come in December this year.
Last year, allottees made a complaint of the sub-standard size of the flats on offer. Keeping that in mind, the housing authority has decided to give a spacious and refreshing look to about 21,000 flats that would be put on sale. So, what’s the offer going to look like? Let’s have a close look at it.
Distribution of DDA Flats
The DDA is planning to launch a total of 20,980 flats of which 3,622 units are likely to be allocated to Janta or Economically Weaker Section (EWS). The number of LIG, MIG and HIG units is likely to be 16,298, 579 and 488, respectively. As far as the location of these flats is concerned, the units would be primarily based in Vasant Kunj, Rohini, Siraspur, Narela, Dwarka, etc.
What About the Price of Flats in DDA Housing Scheme 2018?
LIG (1-BHK) flats are going to be made on a built-up area of 410 square feet. The amount required to book these units is ₹15,000. You need to pay 2,12,350 in 7 days, with the total cost of the acquisition likely to be ₹18,45,000. The built-up area and booking amount for MIG (2-BHK) flats are set as 715 square feet and ₹25,000, respectively. Within seven days, you must pay an amount of ₹3,62,475, which is a part of the total cost of ₹32,17,500.
The HIG (3-BHK) flats, on the other hand, are likely to be constructed on a built-up area of 1024 square feet. The amount required to book and to be paid in 7 days is ₹35,000 and ₹5,14,700. If you want to know the total cost of HIG flats, it’s going to be ₹46,08,000. Even some 4 BHK flats are also on offer which are going to be constructed on a built-up area of 1387 square feet.
If you are buying this flat, a sum of ₹45,000 would be required to book the possession. And within seven days, you must deposit ₹6,95,275. The total acquisition cost of these flats is estimated to be ₹62,41,500.
Which Are The Banks Should You Approach for Application Brochure?
There are ten banks involved in handing over the application brochure for DDA Housing Scheme 2018. These banks are State Bank of India (SBI), ICICI Bank, HDFC Bank, IDBI Bank, YES Bank, Axis Bank, Kotak Mahindra Bank, Canara Bank, Bank of Baroda (BoB) and Central Bank of India. You can even download the brochure and other details pertaining to the DDA Flats Housing Scheme 2018 from the official website of the authority, as and when available.
So, if you are looking to buy a flat in Delhi, you can participate in the housing scheme and hope to win in a computerized draw likely to take place before the observers.