DDA offers largest Housing Scheme with strict ownership clause
Delhi Development Authority(DDA) will soon be coming out with the largest ever Housing Scheme in the city. The ambitious Housing Scheme will be announced mid-August, after a gap of four years. This scheme will mostly cater to people belonging to the middle income group and lower income group. DDA is offering 26,300 flats in this Housing Scheme of which around 24,000 are one room sets which are meant for the Lower Income Group (LIG). The lot also has 1,000 Higher Income Group (HIG) flats which are three bedrooms flats or larger. The Housing Scheme also has about 1,200 Middle Income Group (MIG) flats which are one bedroom or two bedroom type flats. group.
The housing authority will offer these flats in Rohini, Narela and Dwarka between the price range of 14 lakhs to one crore. This for the first time DDA has used pre-fabricated structures that have green features. The flats in Delhi are being built in accordance with the Master Plan Delhi, 2021.
What's unique in this scheme is that it will have two separate draw of lots. The housing authority is offering a total of 26,300 flats and out of these, 700 flats are for the lower income group category, which will be allotted separately in a ‘mini-draw’. The 700 flats will only be alloted to people in the EWS category who will have a valid income certificate. DDA will consider the income criteria set by the Delhi government to discern who all are eligible to apply for these 700 flats. The housing authority will also look into the criteria fixed by the Delhi Urban Shelter Improvement Board (DUSIB). All those applying for the 700 flats for EWS will have to submit valid copies of income certificates.
This Housing Scheme has another unique feature, a strict ownership clause. The upcoming Housing Scheme will only cater to those people who are genuinely interested in buying a property in Delhi as flat allottees would be awarded ownership only after five years of flat possession, which means that nobody will be able to sell the alloted flat before the five-year period. This proposal has been sent for approval to Delhi LG. The reason behind this regulation is to deter speculators from manipulating the property prices.