DDA Plans to Launch Housing Scheme for 23,000 Flats in June


    Share post:

    The Delhi Development Authority (DDA) is preparing to introduce its housing scheme for 2023, offering approximately 23,000 newly-constructed flats for individuals from lower income groups and economically weaker sections. Most of the flats included in the scheme are situated in Narela. The allotment of these flats will be conducted through a computerised draw of lots.

    According to officials, the housing scheme will be launched once it receives approval during an Authority meeting. Originally scheduled for May, the launch was delayed due to the unavailability of the meeting, which is now expected to take place in June. Vijender Gupta, a DDA member, stated, “The housing scheme will be launched only after it is approved in the Authority meeting. This scheme was earlier to be launched in May but this month the authority could not meet and the meeting is likely in June. So the housing scheme for 23,000 flats is now expected to be launched in June.”

    Following approval, the DDA will initiate the scheme and invite applications from interested individuals. The price of the flats will be finalized just prior to the formal launch. In the previous 2022 scheme, flats in the economically weaker section category were offered at a price range of Rs 7.91 lakh to Rs 12.42 lakh, while lower income group category flats were available for Rs 18.10 lakh to Rs 22.8 lakh. The DDA, responsible for managing land and constructing houses in the national capital, currently holds an inventory of around 40,000 unsold flats in Narela, Dwarka, and Jasola. The majority of these units are designated for the economically weaker section and are situated in Narela, north Delhi.

    Officials explain that approximately 16,000 of these flats remain unsold primarily due to inadequate connectivity and infrastructure. To attract buyers, the DDA has undertaken measures such as constructing roads and improving infrastructure. Additionally, the agency has facilitated the construction of the metro corridor on the Rithala-Bawana-Narela section, which is expected to enhance connectivity and promote sales of these flats.

    It has been suggested that the DDA may permit individuals to apply for the flats, even if they or their family members already own a flat or plot of land in Delhi.


    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Adani Realty’s Acquisition: Potential Impact on Mumbai’s Luxury Real Estate Market

    Adani Realty has secured a prime plot of land in Mumbai, beating out competitors like L&T Realty. The...

    Bengaluru Property Tax to Surge, Double Taxation for Rentals

    Bengaluru residents are bracing for a significant hike in property tax, as the local municipal corporation, Bruhat Bengaluru...

    Developers Bought 415 Acres in Delhi-NCR for Rs 9,120 Crore in 2023: Report

    Last year, real estate developers snapped up 415 acres of land in Delhi-NCR for approximately Rs 9,120 crore...

    Ashiana Vatsalya: Chennai to get premium residences for senior citizens

    Ashiana, a leading real estate developer, announces the launch of Ashiana Vatsalya, an exclusive premium residential project for...