DDA Housing Scheme 2019 is On for You to Apply & Get a Home in Delhi

They say better late than never. It fits aptly in the case of the ongoing DDA Housing Scheme 2019, which made many wait for eternity until it finally became live on March 25 this year. It will continue till May 10, 2019. Initially, the talks were for a June 2018 launch, the plan got delayed till December last year. After much delay, the scheme is now on for all of you to apply and get a chance to buy a home, if selected in the lucky draw to be conducted by the DDA officials in the presence of independent observers on a specified date. In all likelihood, you would be anxious to click on Apply DDA Housing Scheme button and hope your pops up in the lucky draw, isn’t it? But before that, it won’t be bad to glance at the details of the housing scheme.

How Much Flats Has the DDA Put on Sale?

The DDA is going ahead of its previous housing scheme 2017, wherein it had launched 12,000 flats, by putting as much as 18,000 flats on sale in this year’s scheme. Of the 18,000 flats that are up for grabs, the DDA has allocated the largest number of flats to LIG applicants with 8,300 units. The next big allocation comes for EWS applicants with 7,700 housing units. MIG and LIG applicants would have to contend with 1550 and 450 housing units, respectively.

DDA Housing Scheme 2019 Price List

The DDA flats are mostly located in Narela, Vasant Kunj, etc. You can buy EWS flats in Narela. Approximately 6,536 housing units are available at a price band of ₹17.14-19.36 lakhs. The remaining 960 units can be priced at ₹10.42 lakhs. LIG or 1-BHK flats are located in Vasant Kunj and Narela. Approximately 8,164 LIG flats located in Narela can be bought at a cost of ₹22.54 lakhs. Another 219 LIG flats would be available at ₹48-56.32 lakhs. The 579 MIG flats located in Vasant Kunj are priced at ₹66.22-85.24 lakhs. The remaining 976 MIG flats, located in Narela, are available at ₹96.92-98.55 lakhs. The price of 152 2-BHK HIG flats, located in Vasant Kunj, ranges from ₹93.67 lakhs-1.40 crore. The 3-BHK HIG flats are located in Vasant Kunj at a price of ₹1.10-1.72 crore.

DDA Housing Scheme 2019 Online Application

For the first time, the DDA has launched a scheme that is online right from the beginning to the end. You can apply through the DDA portal or via the website of partner banks that include State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank, YES Bank, Kotak Mahindra Bank, Central Bank of India, Canara Bank, etc. The online application must be supported by the submission of valid KYC documents authenticating your identity and address. These documents can be anything from PAN Card, Voter ID, Passport, Aadhaar Card, Driving License, etc.

What is the Application Money for DDA Flats in Housing Scheme 2019?

You need to pay the application money to get the DDA flats booked in your name.

• EWS - ₹25,000
• LIG - ₹1,00,000
• MIG - ₹2,00,000
• HIG - ₹2,00,000

Can You Apply for a Home Loan to Buy DDA Flats?

After finding your name in the draw, you need to pay the remaining amount to DDA before the stipulated date. You can apply for a home loan to get the remaining amount. As the loan runs as long as 30 years, you must compare the interest rates to choose the right deal. And, if you are buying a home for the first time in India, you can be greeted with the CLSS benefits as well. The DDA Housing Scheme comes with the benefit of Credit Linked Subsidy Scheme (CLSS), a tool that helps reduce the interest outgo by virtue of subsidies.