Those desiring for a home in the national Capital will finally be able to live their dreams as the Delhi Development Authority (DDA), on Friday, announced its much-awaited Housing Scheme 2014, registrations for which begins from September 1 and ends on October 9. The biggest-ever housing scheme in the city will have offering 25,034 flats on offer across various categories.
With 22,627 flats out of the total 25,034 flats on offer, the largest group will consists of one-bedroom (with one drawing room) apartments. This flats under the new scheme will have flats ranging from Rs7 lakh to Rs1.2 crore across categories, viz., — Economically Weaker Section (EWS), low Income Group (lIG), Middle Income Group (MIG), High Income Group (HIG), Janta flats, other than the one-room apartments.
“We are offering 25,034 flats in the 2014 scheme out of which 22,627 would be one-bedroom apartments. Among others, 896 flats are constructed after 2010, with green technology. The housing scheme would be open to applicants from September 1 and the last date to receive the application is October 9. The draw of lots would preferably be taken out within 20 days of the close of the scheme,” said Balvinder Kumar, vice chairman, DDA.
The DDA for the first time has also introduced a five-year lock-in period for ownership of the flats, to cut out the middleman and reduce the scope of speculative buying. “After five years, the DDA will formally execute a conveyance deed in their favour,” Kumar added.
The one-bedroom apartment flats are in Dwarka, Rohini, Narela and Siraspur areas, priced above Rs14 lakh onwards, depending on the location and plinth area, the DDA said. Out of 896 newly-built flats, 512 are MIG flats and 384 Janta flats, located in Mukherjee Nagar, Narela, Rohini and Kalyan Vihar areas.
The MIG flats would range from Rs41.30 lakh and Rs69.90 lakh and the Janta flats — one-room tenement with a kitchenette — would cost a little over Rs10 lakh, it said. DDA is offering 700 flats for EWS category, which are part of the housing complex at Swatantra Bharat Mills premises on Rohtak Road. The flats have been developed by a private builder as part of a Memorandum of Understanding (MoU) signed between the DDA and the builder.
The EWS flats priced from Rs7 lakh to Rs11 lakh, the urban body said. Over 800 old flats located under different categories are also being offered, on account of them being cancelled or surrendered. These older flats consist of 21 HIG flats, 49 MIG, 451 lIG, 129 expendable and 161 Janta flats. The cost ranges from Rs1.2 crore for HIG flats to Rs5.4 lakh for Janta flats, the DDA said. “The cost of these flats has been reduced keeping in mind the cost of disposal, which includes depreciation provided in respect of construction cost,” said Kumar.
The authority also said that there will be no income limits on one-bedroom apartments and any eligible candidate can apply. For EWS category, there will also be an option to pay the cost of the flats in instalments. The criteria for EWS have been kept at Rs1 lakh per annum as the income.