Which DDA Flat Is The Best Investment Option?
The Delhi Development Authority's (DDA) housing schemes have always interested homebuyers and investors alike. The reason being surety of development in terms of amenities, infrastructure and facilities that tend to boost property values in the long term. While there are many locations across Delhi where the DDA has come up with the housing units but not all of them are on investors' list, owing to poor connectivity, lack of basic facilities etc. Here we are shortlisting the DDA flats in different locations which can be considered for an investment purpose.
Janta flats (180-300 sq ft)
Areas like Rohini Sector 16, 17 and 25, Sultanpuri and Nasirpuri have the maximum inventory of DDA flats in the Janta flat category. These units are priced between Rs 7-16 lakh and are covered under the Pradhan Mantri Aawas Yojana. Few units are available in Dwarka, Raghubir Nagar near Tagore Garden and Vikaspuri as well. While Rohini and Sultanpuri have decent connectivity, the upcoming metro is expected to boost property values here. The area already has many lifestyle conveniences such as malls and entertainment hubs that are already functional in close proximity. For those who seek to earn rental income from their investment, these areas can be a good option.
For those who have filled their form for the DDA housing scheme 2017, can make changes until November 10.
LIG flats (280-520 sq ft)
Areas such as Siraspur, Narela, Rohini Sector-34, 35, Dwarka Sector 23B, 26 Narela Sector A-9 have the maximum number of vacant flats and are available in the price range of Rs 15-29 lakh. Other areas where you can find LIG units are Rohini Sector 16, 17, 20, 22, 28, 29, Loknayak Puram and Paschim Vihar. All of these units were on offer in DDA housing scheme 2017 as it remained unsold in the previous housing scheme, launched in 2015. The future prospect of these locations is expected to be positive and growing due to expanding city limits and urbanization. While the farther areas of Rohini are getting connectivity from prime areas of the city due to the expansion of Delhi Metro Red line, Dwarka is already connected to Connaught Place and Noida. The education sector in areas around Rohini is very strong and poses great demand for rental units. For those who are not looking for end-use can choose to make a second investment in these areas to earn monthly income in near future as the connectivity improves.
MIG flats (640-1100 sq ft)
Areas such as Dwarka Sector 17 and 19, Rohini Sector 21 and 23, Mukherjee Nagar, Narela Sector A-9 have the maximum offerings in the mid-segment range. These are in the range of Rs 30-71 lakh. There are less vacant flats in this budget range as compared to LIG and Janta flats. While Dwarka Sector 17 and 19 stays a popular location for investment, the size of the apartment is a concern as it doesn't suit most of the families. If you are looking for investment opportunity in a location which has metro connectivity and yet boasts affordable property prices, the available location in Rohini is a good buy. The infrastructure is yet to be developed but has a bright future owing to improving connectivity.
Also read: How You Can Modify A DDA Flat
HIG flats (775 – 1424 sq ft)
There are very few inventories in this category as the price range is higher and there are fewer takers for such apartments due to limited amenities and modest construction quality. Vasant Kunj, Jasola, Dwarka Sector 18B and Rohini Sector 29 are few areas where the DDA apartments are available at listed price of Rs 41.62 lakh to Rs.1.40 crore. As all of these localities are already developed and have decent connectivity to prominent employment hubs, investment in these areas can be fruitful as renters find these areas to be value for money.