Delhi Development Authority DDA offers 5,000 flats for 40% less than market price
Out of the 5,000 flats, 352 are three-bedroom flats, 889 two-bedroom ones, 3,231 one bedroom and 286 expandable. In space-starved Delhi and amidst skyrocketing property prices, these flats will be available in areas like Vasant Kunj, Rohini, Dilshad Garden, Paschim Vihar, Motia Khan, Dwarka and Pitampura.
At a time when property prices and escalating EMIs have made the dream of owning a house in the capital a distant dream, these flats would cost anything between Rs 7.2 lakh and Rs 77 lakh.
According to DDA, 60 per cent of these flats are new constructions. The rest include flats that were either allotted to the government and have now been vacated or the ones which have been surrendered owning to non-payment by the allottee. There are also those which were under construction for some time.
There are 3,231 one-bedroom flats. The cheapest in this category is in Narela Sector 9A and carries a price tag of Rs 7.20 lakh while the costliest is in Dwarka’s Sector 18B and would cost around Rs 24.80 lakh.
DDA is expecting a big turnout this time considering that in 2006 when it had put up 3000 flats on sale, there were 1.90 lakh applications.
Of the 5,000 flats, 28 per cent are reserved for various categories, including 17.5 per cent for SCs, 7.5 per cent for STs, one per cent for war widows, another one per cent for physically challenged and one per cent for ex-servicemen.
“Till date DDA has allotted 3, 71,215 flats of various categories under 42 schemes. On Monday it will throw open the application process which will continue till September 16. The DDA hopes to declare the result through a computerized draw of lots after three months from the last date of application,” director, press and information, DDA, Neemo Dhar said.
Among the areas where the flats are available are Shalimar Bagh, Jhilmil, Narela, East of Loni Road, Nand Nagri, Peeragarhi, Sarai Khalil, Lok Nayak Puram, Bindapur and Zafrabad. The size ranges from around 39.39 sq metres plinth area in Rohini Sector 18 to about 158 sq metres plinth area in Motia Khan.
Real estate observers said some people would get really lucky. “The rates beign offered in Pitampura, Dwarka, Vasant Kunj and Rohini are almost 40 per cent less than the market rate. The average rate per sq meter comes to around Rs 3000 while the market rate at which private developer sell at most of these places is around Rs 6000-7000,” said experts.
According to DDA officials, the increase in cost of flats over 2006 when 3000 flats were sold is not more than 25 per cent. “DDA flats are cheap because there is no profit to be made,” an official explained.
In 2006, DDA had put up 3000 flats for sale in areas like Rohini and Dwarka and the costliest was around Rs 38 lakh in Dwarka. This time it’s Rs 77.80 lakh for a flat in Motia Khan. It’s because of its size and location.
DDA Official Website
DDA -Delhi Development Authority
New Delhi- 110023
DDA Housing Scheme 2008 Form
When do you apply
DDA will give forms and accept applications from Aug 6 to Sep 16
Where to apply
DDA sales counter at Vikas Sadan All branches of banks like SBI, HDFC, IDBI, Axis and ICICI Central Bank of India at Vikas Sadan & Nehru Place branch of Union Bank of India
The applicant has to be an Indian citizen, holding a PAN card, and should not have any previous flat allotted. He/she can submit only one application. There’s no income upper limit. Only one member of a family can apply
How to register
You need to deposit Rs 1.5 lakh, along with the form. DDA will refund this registration amount within a month of the draw if the applicant fails to qualify Selection process. DDA will scrutinise forms within three months of the last day of application. It will hold computerised draws to declare the results
DDA has alloted 3,71,215 flats, in all categories, under 42 schemes launched in the Capital so far.
In 2006, it put up 3,000 flats and received 1.9 lakh applications. This time, 5,000 flats are up for sale and DDA expects the rush to be bigger
THE PRICE FACTOR THREE-BEDROOM FLATS
• Pitampura | 216 flats, 125-150 sq m, Rs 42.7-49 lakh
• Dilshad Garden, R Block | 100 flats, 99.57-113.65 sq m, Rs 31.5-34.5 lakh
• 16 flats in Narela, Rs 24.3- 25.4 lakh
• 10 flats in Paschim Vihar (Rs 31.1-31.5 lakh)
• Six in Dwarka (Rs 42.3-Rs 43.8L)
• Three in Motia Khan (Rs 68.9-Rs 77.8 lakh)
• One flat at Rs 47.7 lakh in Vasant Kunj
• 490 flats in Vasant Kunj area, 70.53 sq m to 86.66 sq m, Rs 21.3 lakh to Rs 35.1 lakh
• 100 flats in Dilshad Garden | 65.17-82.58 sq m, Rs 18.3-23.2 lakh
• 93 flats in Rohini | 79.88 sq m to 94.26 sq m, Rs 21.8-28.8 lakh
• 77 flats in Dwarka and Malviya Nagar Ext | 67.6 sq m-128.6 sq m, Rs 20.2 lakh to Rs
• 42.9 lakh
• 1,640 flats in Rohini sector-28: 45.39- 47.66 sq m, Rs 7.95-8.4 lakh
• 800 flats in Lok Nayak Puram: 42 to 44.33 sq m, Rs 10.2-10.9 lakh
• 305 flats in Vasant Kunj: 43.92 to 47.93 sq m, Rs 10.8-Rs 11.8 lakh
• 281 in Rohini Sector 18: 39.39 to 49.54 sq m, Rs 8.95-Rs 15.5 lakh
• 177 flats in Dwarka sector 18 B: 44.9 to 53.49 sq m, Rs 10.5- 11.9 L
191 flats in Narela: 62.5 to 63.88 sq m, Rs 17.1-17.5 lakh