Read This to Know the Key Insights on DDA Flats

Buying a home is a dream of every individual but due to lack of funds, it is hard for many to turn this dream into a reality. And, in order to uplift the spirit of many and allowing them to dream big, here DDA (Delhi Development Authority) has launched a new housing scheme for the year 2018.

If we talk more about this scheme, it is basically for the people of lower income group/expendable houses/middle- income group, etc. Let’s just know more about this scheme below:

Housing Scheme

Being one of its kind schemes, it is basically for the lower income group, under which the Delhi Development Authority is offering nearly 21,000 homes . Well, to be more precise, 3,622 flats are for Janta (Economically Weaker Section), 16,298 flats are for Lower Income Group, 579 are for Middle Income Group and 488 are for High Income Group. These well-designed flats are being located in the areas of Vasant Kunj, Dwarka, Rohini, Narela, Siraspur, etc.

Moreover, the best thing about these properties is the fact that their prices have been kept low so that it will remain within the reach of many. Ongoing deep down about these properties, it would not be wrong to say that they are in the range of Rs.7.5 Lakh to Rs.1.44 crore. Hence, it would not be wrong to say that they are easy to afford and will surely fulfill the dream home need of many.

Let’s just know the area and the prices of these flats below:

Type: LIG (1 BHK)

Built-up Area:410

Booking Amount:15000

Amount to be Paid in 7 Days:212350

Amount to be Paid in 30 Days:215250

Total Cost of the Apartment:1845000

Type: MIG (2 BHK)

Built-up Area:715

Booking Amount:25000

Amount to be Paid in 7 Days:362475

Amount to be Paid in 30 Days:375375

Total Cost of the Apartment:3217500

Type: HIG (3 BHK)

Built-up Area:1024

Booking Amount:35000

Amount to be Paid in 7 Days:514700

Amount to be Paid in 30 Days:537600

Total Cost of the Apartment:4608000

Type: SHIG (4 BHK)

Built-up Area:1387

Booking Amount:45000

Amount to be Paid in 7 Days:695275

Amount to be Paid in 30 Days:728175

Total Cost of the Apartment:6241500

From Where to Get the Application Brochure?

Delhi Development Authority after signing with 10 reputed lenders ensure to offer you these flats in a very simple and easy manner. Soon after tying the hands with:

• ICICI Bank
• HDFC
• SBI
• Canara Bank
• Kotak Mahindra Bank
• Axis Bank
• Yes Bank
• IDBI Bank
• Bank of Baroda
• Central Bank

Persons Who are Eligible

The eligibility for DDA Flats is as follows:

• An individual must be an Indian citizen
• An applicant must have attained the age of 18 years
• An individual must not own any residential house/property either in full or part, leasehold or freehold basis in New Delhi, Delhi or Delhi Cantonment.

Hope this article was worth reading for you!