When is DDA Housing Scheme 2018 going to happen for real?

-
If you have been active around DDA 2018 news, you would know that this year the application status has been quite slow. The reasons could be many and one of them is lack of response from the people. Delhi Development Authority launches apartments every year but sadly the response of 2017 DDA flats was not good.


The reason was that the allotted flats were not well furnished and there were other reasons as well such as small spaces. This year, DDA flats 2018 have been made by considering the response of 2017. So, the flats are well furnished with basic facilities provided from the beginning.


DDA Flats 2018


A total no of 20,980 flats are being offered out of which 3622 are for Janata or EWS (economically weaker sections), 16,298 for LIG (low-income group) flats, 579 for MIG (middle-income group) and 488 for HIG (high-income group) houses.


Who are eligible for DDA 2018?


The applicants must match the following criteria:
  • Must be citizen of India
  • Should have attained the age of 18 years
  • Must not own any residential house or plot in full or in part, on leasehold/freehold basis in New Delhi, Delhi or Delhi cantonment, either in his/her own name or in the name of his/her wife/husband/minor dependent children
  • Jointly owned plot or land under the residential house is less than 66.9 square meters, he/she can apply under any of the schemes
  • A person who has already been allotted a house/flat constructed by DDA or any other land/owning agency even if it is less then 66.9 sq meters, is not eligible for allotment under any of the schemes of DDA.
To buy a house either through lucky draw of DDA or from a builder, you need money. If you have it, you can surely purchase that property. But, most of the people instead take a loan to purchase a house. For that, you can consider a suitable lender. You can compare interest rates of home loans. Since DDA flats are government authorized, you will have no problem in getting the approval. You only need to check the rates and whether or not you have the documents required for it. You must have income proof as one of the documents because most of the lenders do not accept home loan applications without income proof. Even if some NBFCs may consider your applications but the rates will be a little higher. Also, PMAY is available till March 2019 so you can see if you are eligible for interest subsidy under that criteria or not. Below is a list of top housing finance companies in India where you can apply for a home loan.
  1. State Bank of India (SBI)
  2. HDFC Ltd.
  3. PNB HFL.
  4. LIC Housing Finance Ltd.
  5. Bank of Baroda (BoB)
  6. Axis Bank
  7. ICICI Bank
  8. Indiabulls
  9. IndusInd
  10. Bajaj Finance
You can check home loan interest rates at these lenders and then plan DDAhousing scheme and be free from a rented house.

Comments

Post a Comment

Popular posts from this blog

How Checking a Free Credit Score Online Helps Approve My Loan?

-
To get a loan there are a number of factors a user needs to take care of. And one of those is your credit score. The 3-digit number makes your loan approval faster. But how to do a credit score check. You don’t need to step out of your houses to find your credit score. With the help of online credit bureaus, you can know your credit score for free. Read the article and find out which credit bureau offers you a free credit score with no extra charges on it. CIBIL v/s Experian which free credit score service is better? You can know your credit score from two of the top credit bureaus Transunion CIBIL and Experian. And to compare their services and features have a look at the below pointers. Free account for credit score check is provided by both Experian and CIBIL. Where the CIBIL process is in 3 steps Experian creates your account in 2 steps.  Using the CIBIL, you can know your credit score only but, with Experian, you can also find someone else's free credit score. For...
Read more

Top investing Franklin Templeton Mutual fund NAV schemes

-
What are franklin Templeton mutual funds? Mutual funds are the investment for the future benefit as we know, but every company or customer have different requirements. To fulfill those requirements franklin temptation offers different types of Mutual funds Scheme. Whenever the customer tries to invest in shares/stocks directly it is kind of risky and needs lots of time and research. But when he invest even a small amount in mutual fund he get the exposure in diverse equity and debt instruments. Franklin Templeton Mutual fund schemes Franklin Asian Equity Fund : This scheme creates a medium and long term capital appreciation through investing in Asian companies/sectors except japan. Investing equity funds in large sectors of Asia such as technology, pharmaceuticals, etc. High returns with low risk, compatible for business companies. The NAV of this franklin mutual fund is 13.45%. The maximum return of this scheme is 8.7%. Franklin India Corporate Debt Fund: It helps t...
Read more

Dhani Instant Personal Loan For Customers!

-
You can download the Dhani app and apply for a personal loan. You can insert your KYC and income details and get a loan in 24 hours from the Dhani app. Indiabulls provides loans to customers from INR 1,000 to 15 lakh for personal financial requirements. With no collateral security, you can apply for the loan online and get the benefit of instant personal loan sanction. Read and know about the details and features of Indiabulls personal loan. Lowest interest rate for fund requirements! Indiabulls gives the lowest interest rate to your loan that is starting from 13.99% per annum. And you can pay the loan and interest rate of your instant personal loan in equated monthly installments. The maximum duration of 3 years if offered to the customers to pay the entire loan in EMI. You aren’t liable for any repayment on your loan, if you borrowed a loan less than or equal to INR 20,000. You can compute the EMI of your personal loan using the online calculator. Just insert your details of t...
Read more