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.
31 Comments
can some one tell me what would approximately be the booking or initial amount of a one bedroom and two bedroom apartment.
pls give the details of this scheme
The property market has boomed since India eased rules on inward investment in the construction industry in early 2005, partly fuelled by pledges by foreign investors that they will pump up to $20 billion into the country. But government figures show only about $2 billion has actually been spent in the last three years. Real estate prices have cooled in the last six months. Developers had piled into the top-end of the where profit margins are highest. Young people don’t have housing open to them. Developers are targeting the young workforce in a country where double-digit salary hikes are common in sectors such as real estate, information technology and financial services. What’s on the market so far isn’t satisfying demand .It was a rising market so people didn’t think. Developers have been overpaying for land, making the wrong product and not doing their research. Analysts say the strong supply of high-end apartments in many areas, including Bangalore and New Delhi, is likely to hit prices. Developers are giving away freebies to lure buyers, with one even including a car in the package. India’s biggest property firm DLF is changing its designs for apartment blocks in New Delhi’s suburb of Gurgaon to squeeze in more two-bedroom units, along with four-bedroom homes.Land prices have quadrupled in many areas over the last three years but many in the industry expect prices to drop anywhere between 15 percent and 50 percent in the coming year.Developers hope authorities will allow them to build taller blocks by raising a measure of building density called the floor space index (FSI). The Maharashtra state government made such a move last month to ease a housing shortage in Mumbai. Indian property investors are targeting lower- to mid-end house owners in the booming economy now that sales of plush apartments have slowed. With the number of families earning more than $5,000 a year set to double to around 20 million in the next two years, demand for small and simple apartments is set to mushroom. But there’s a need to reduce land costs, increase FSI, build infrastructure first.For more view- realtydigest.blogspot.com
This will the best opportunity for the persons belonging to lower and middle income group.
i want toknow how to apply for dda flats and from where would i get the submission form. reply me
Please provide guidlines for application for two bedroom flats.
Plz let me know how, when to register for these DDA Flats
looking a lower class flat aprrx. 2 to 3 lacs if any send me all details and terms and conditions
Manish
9911922802
what is the booking&initial amount of two room flats
Is there any 15 years or more locking period to sale these DDA flat?
I want to buy a flat at Delhi that you offer.
Thanks.
looking a low price flat maximum 3 lakhs..plz send me all the detail terms and condition.
Looking for a 2bhk between andheri to goregaon west, mumbai in the range of 12 to 15 lakhs on loan basis
I looking a lower class flat aprrx. 2 to 3 lacs in east delhi if any pls send me all details and terms and conditions
Regard’s
kusum
9211120801
Please tell me that registry of flats/ plots in Vipin garden(Kakrola mod, Nazafgarh road) area is possible or not. if it is power of attorney, is it advisable to purchase? Is that area is free from problems of delhi new plans.map and other things are approved or not? why banks are not financing that area’s plots/flats.
hope this does not just remain on papers and comes out to be practical. Pls let me know if there is any scheme of getting a flat for upto 5 lakhs.
Dear Sir
i am from a middle class, i want to by a house for me. pls give me suggestion & how can i buy a DDA flat in Delhi.
Looking forward for your early reply.
Hi Lalit,
Did u get answers to your questions related to Kakrola mod??
How can i get form to apply for a DDA flat or plot????? i am from a middle class and want to buy a flat for myself in Delhi or around Delhi like MDA / GDA etc. in Ghaziabad or Meerut
How can i get form to apply for a DDA or MDA flat or plot????? i am from a middle class and want to buy a flat for myself in Delhi or around Delhi like MDA / GDA etc. in Ghaziabad or Meerut.
Hi,
looking a lower class flat could you send me all details and terms and conditions
i want to no the formalities for 1 bedroom
Dear Sir
i am from a middle class, i want to by a house for me. pls give me suggestion & how can i buy a DDA flat in Delhi.
i am looking for a flat having 2bhk ranging between(2-3lakhs)/,plz call me on 9350219545,9350211717.
Please contact me on 9999575725, looking for flat for low income group.
Thanks
Hi,
i am from a middle class, i want to by a house for me. pls give me suggestion & how can i buy a DDA/appartment/residential flat in East Delhi/Ghaziabad in between upto cost approx. 10L.
awaiting your reply.
Cont. No. 09311309925
DEAR SIR
I AM LOOKING FOR A 2BEDROOM FLAT TO BUY IN SOUTHGOA AREA WOULD BE MARGAO ,FATORDA ,BENEULIM,OR COLVA OR NAVELIM BUT MY BURGET WILL BE AROUND 5TO6LACKS AS MY INCOME IS NOT THAT HIGH PLEASE COULD YOU HELP ME WITH THE CONTACT PERSON N DETAILS.EMAIL ME BACK WAITING FOR YOUR REPLY
waiting for the reply
1-2 bed room set ni meerut rod ghaziabad.hapurcity.ghaziabad city
in delhi
flats for sales
Dear Sir,
Pls let me know about this scheme of DDA.
i want to know how to apply for dda flats and from where would i get the submission form.
Please Reply me.
Awaiting your prompt & quick Reply.
Waqar Alam.
9312313196