DDA schemes offer 40,000 flats in Delhi as part of affordable housing

Agency announces three projects that will offer homes at a starting price of Rs 11.5 lakh

loans, emi, joint-loan, borrowers, home loans, housing, residential, property, repayment, debt, restructuring, moratorium, shares, brokers, agents, stocks, insurance, agreements, contracts
Ayush Mishra New Delhi
2 min read Last Updated : Aug 07 2024 | 1:59 PM IST

Don't want to miss the best from Business Standard?

The Delhi Development Authority (DDA) is offering 40,000 flats in three housing schemes aimed at catering to various income groups in the national capital. In a meeting, the authority approved launching DDA Sasta Ghar Housing Scheme 2024. The schemes will address the demand for affordable housing in Delhi, particularly among economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG).

“To meet the affordable housing requirements of low-income group, this scheme offers LIG and EWS flats at discounted rates in Ramgarh Colony, Siraspur, Loknayakpuram, Rohini, and Narela through first-come first-serve (FCFS) mode, making housing more accessible and enabling a common man to own a house in Delhi,” said DDA in a statement.

Overview of the housing schemes

The DDA's new housing schemes include the DDA Sasta Ghar Housing Scheme 2024, the General Housing Scheme 2024, and the Dwarka Housing Scheme 2024. These schemes will provide a diverse range of housing options, ensuring that residents from different economic backgrounds can find suitable accommodations.

DDA Sasta Ghar Housing scheme 2024: It will offer around 34,000 flats at starting prices as low as Rs 11.5 lakh. These units will be situated in various locations, including Ramgarh Colony, Siraspur, Lok Nayak Puram, Rohini, and Narela. The flats will be allocated on a first-come, first-served basis, making it essential for interested buyers to act quickly.

General Housing scheme 2024: This scheme will cater to a broader audience, offering flats across all categories, including High Income Group (HIG), MIG and LIG. Approximately 5,400 flats will be available under this scheme, with starting prices around Rs 29 lakh. Locations for these flats include Jasola, Lok Nayak Puram, and Narela.

Dwarka Housing scheme 2024: This scheme will feature higher-end flats in Dwarka in southwestern Delhi, with approximately 173 units available through an e-auction process. Prices start at Rs 1.28 crore.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :DDAhome salesDDA housing schemehousing scheme

First Published: Aug 07 2024 | 1:59 PM IST

Next Story