New DDA Flat Scheme Gets Underway on March 25, 2019

The Delhi Development Authority (DDA), after much delay, finally launched the housing scheme 2019 on March 25 this year. The scheme will run till May 10, 2019. The reason for the delay is attributable to the construction work that was happening in the flats to be put on sale. The one and a half month scheme would see the application for nearly 18,000 flats put on sale by the housing authority. The flats are mostly located in Narela and Vasant Kunj. What adds to the popularity is the linkage of credit-linked subsidy (CLSS) with the DDA Flat scheme. Read this article to know more about the housing scheme.

How Will the DDA Distribute Flats to Applicants?

As stated earlier, the DDA is likely to put approximately 18,000 flats on sale in the scheme. Of the total number of flats, the DDA will allocate 8,300 LIG, 7,700 EWS, 1,550 MIG and 450 HIG flats to the winners of the draw, which is going to be conducted in some days after the scheme gets over.

Location and Price Range of DDA Flats

Approximately 960 EWS flats are available in Narela Pkt-V, Sector -G7/G8. The cost of these flats, with a plinth area of 29.77 square meters, is ₹10.42 lakhs. About 6,536 EWS flats located in Narela Sector A1 to A4, Pocket 1A, 1B & IC are available at a price of ₹17.14-19.36 lakhs.

Around 8,164 LIG or 1BHK flats located in Narela Pocket IV & V, Sector -G7/G-8 are spread over a plinth area of 43.77 square meters. These flats come at a price of ₹22 lakhs. The price of the 219 LIG flats located in Block E, D, C & B to cluster 2, 3, 5 & 6 falls in the range of ₹32-48.56 lakhs.

The DDA will give around 976 MIG (2-BHK) flats in Narela Sector A1 to A4 at ₹96.92-98.55 lakhs. These flats come with a plinth area of 90.68-93.54 square meters. The 579 MIG flats, which are located in Vasant Kunj B to E, Cluster 2, 3, 5 & 6, come with a price range of ₹66.22-85.24 lakhs. These flats have a plinth area of 78.01-93.61 square meters.

The 3BHK HIG flats are located in Vasant Kunj Block F, Cluster 1 and Block A, Cluster 4. These flats have a plinth area of 110.86-115.15 square meters and come at a price of ₹1.43-1.73 crores.

How to Apply for DDA Flat Scheme?

You can either fill the DDA application form on the website of the housing authority or do it from the banks that are tied up for the housing scheme. These banks are State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Canara Bank, Central Bank of India, IDBI Bank, YES Bank, Axis Bank, etc. Fill the form correctly before submitting the same online. The application brochures are available at ₹200. The application money required for EWS, LIG, MIG and HIG flats is ₹25,000, ₹1 lakh, ₹2 lakhs and ₹2 lakhs, respectively.

The DDA will conduct a computer-based draw to decide the winners of the housing scheme. The winners will be issued the flat allotment letter.

Benefits of CLSS Scheme

Many would avail home loans to buy the DDA flats. They would be pleased to know that CLSS benefits would be extended to them, particularly those earning more than 6-12 lakhs and more than ₹12-18 lakhs a year. People falling in the earlier category would get an interest subsidy of 4% on a loan amount of up to ₹9 lakhs, with the latter likely to enjoy a 3% subsidy on a loan amount of up to ₹12 lakhs. The subsidy will reduce the home acquisition cost of DDA applicants.