Biggest DDA Housing Scheme 2014 to open from Sep 1, 2014

The DDA today announced its much- awaited ‘Housing Scheme 2014’ – offering over 25,000 flats across various categories while scrapping the proposed plan to reserve 80 per cent flats for the city-dwellers in it.
The new scheme offers flats ranging from Rs 7 lakh to Rs 1.2 crore across categories, viz – EWS, LIG, MIG, HIG, Janta flats and one-room apartments and would be rolled out from September 1.

Other Key Highlights would be :-

• ‘DDA Housing Scheme 2014’ 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
• After five years, the DDA will formally execute a conveyance deed in their favour.
• The registration fee for all other categories is Rs 1 lakh, and Rs 10,000 for EWS (Economically Weaker Section) category.
• ceiling of Rs 1 lakh of annual income has been prescribed for those applying under the EWS category.
• The one-bedroom apartment flats are in Dwarka, Rohini, Narela and Siraspur areas, priced above 14 lakh onwards, depending on the location and plinth area.
• 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 Rs 41.30 lakh and Rs 69.90 lakh and the Janta flats – one room tenement with a kitchentte – would cost a little over Rs 10 lakh.
• The DDA had for the first time proposed a 80-20 quota in this scheme, but that proposal which sought to offer 80 per cent flats to Delhi residents has been scrapped.
• DDA is offering 700 flats for EWS category, which are part of the housing complex at Swatantra Bharat Mills premises at 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

(Source :- Economic Times)