NEW DELHI: For those who felt owning a house in Delhi was a distant dream, there is now a glimmer of hope. After a gap of nearly two years, Delhi Development Authority is set to offer 6,000 flats for middle and low-income groups in areas like Dwarka, Vasant Kunj, Rohini, Narela and Shalimar Bagh.
The DDA offer, set to come up in the next two months, is certainly not enough to satisfy the huge demand for a flat in Delhi. Still, for 6,000 lucky ones it will be the big opportunity of not having to shift out to the suburbs.
Although these flats will cost more than in the past, the rates will be much less than those charged by private builders. As such, there are bound to be many more applications than 6,000, and the eventual allottees would be selected, as always, through lottery.
More than 2 lakh people applied for 3,000 flats when DDA last offered a new scheme in 2006. Clearly, this time too, supply will far outstrip demand.
The scheme aims to allot two- and one-bedroom apartments. ‘‘DDA is finalizing modalities for the new scheme. The agency is likely to invite applications within two months,” said a senior DDA official.
The fresh infusion, officials feel, will bring about a modicum of stability in localities where housing prices have rocketed of late. DDA flats in localities like Vasant Kunj command prices close to Rs 1 crore with their interiors completely redesigned by owners.