In a bid to provide affordable housing options to citizens, the Delhi Development Authority (DDA) is set to launch Phase IV of its First Come First Served (FCFS) housing scheme on June 30. The scheme will offer a total of 5,000 flats, with various categories catering to different income groups.
Under the scheme, around 40-50 High Income Group (HIG) houses will be available in Jasola, while approximately 150 Middle Income Group (MIG) houses will be offered in Narela and 50 in Dwarka. Lower Income Group (LIG) category flats will include over 1,500 units in Rohini, around 120 in Siraspur, and 140 flats in Loknayak Puram. Additionally, more than 900 flats will be up for sale in Narela in the Economically Weaker Section (EWS) bracket.
The prices of LIG and EWS units will be set in accordance with the Special Housing Scheme of 2021. Flats in Rohini will range between Rs 14.15 lakh and Rs 41.11 lakh, while in Loknayak Puram, prices will range between Rs 27.5 lakh and Rs 28.5 lakh. The cheapest LIG houses will be offered in Siraspur, priced between Rs 17.5 lakh and Rs 17.75 lakh. EWS houses will fall within the range of Rs 7.91 lakh to Rs 12.42 lakh.
In a separate development, the DDA has offered two options to the residents of Signature View apartments in Mukherjee Nagar. These residents have been at odds with the authority due to the poor quality and safety concerns of their flats, which were deemed structurally unsafe by a study conducted by IIT-Delhi in 2021-22.
The first option presented by the DDA is a direct buyback of the flats, where the residents will be reimbursed the full cost of the flat along with interest and stamp duty. Alternatively, the residents can choose to be allocated newly built flats in the same location, with identical specifications. In this case, the DDA will provide rent to the residents during the construction period.
It is worth noting that previous offers made by the DDA, including a 10.6% simple interest buyback and options for swapping houses or opting for a house in a redeveloped complex, were rejected by the residents.
The DDA’s housing scheme aims to address the housing needs of different income groups, providing affordable and safe housing options to the residents of Delhi.
Also Read: DDA Plans to Launch Housing Scheme for 23,000 Flats in June