Read DDA Online Housing Scheme 2019 Details That You Were Waiting For

The Delhi Development Authority (DDA) has finally launched the housing scheme on March 25, 2019, after much delay. Initially, the plan was to launch the scheme in June 2018, it got further deferred for a December launch that year before finally getting rolled out last month. According to the DDA officials, the delay was due to the construction work that was going on in the flats to be put on sale in the scheme. The DDA has launched approximately 18,000 flats in this year’s housing scheme. These are located across different places in the capital city of Delhi. A lot of queries have emerged regarding DDA Online Housing Scheme 2019 across different platforms. So, there’s a need to get them sorted in the right way. If you are one of those wanting a clarity of the scheme, you have come to the right place.

How Would the DDA Distribute Flats to Applicants?

Like the previous housing schemes, the DDA is offering EWS, LIG, MIG and HIG flats to applicants. Of the 18,000 flats on offer, the DDA will award 8,300 flats to LIG applicants. The next big allotment comes for the EWS applicants with 7,700 flats. Whereas, the MIG and HIG applicants would have 1,550 and 450 units for them to grab.

How Much is the Price of DDA Flats?

The flats are mostly located in Vasant Kunj and Narela. EWS flats, which are mostly in Narela, are priced at ₹10.42-19.36 lakhs. These flats are spread across an area of 29.77-37.31 square metres. LIG, commonly called as 1 BHK flats, are offered at a price of ₹22.54-56.32 lakhs. These flats occupy an area of 43.77-52.57 square metres. You can find these flats in both Narela and Vasant Kunj. If you want to buy MIG flats, you need to shell out ₹66.22-98.55 lakhs to buy the 2-BHK units that are spread over 78.01-93.54 square metres. The HIG flats are offered on both 2-BHK and 3-BHK dimensions. The 2-BHK HIG flats, which are priced at ₹93.67 lakhs-1.41 crores, are spread over 79.71-108.98 square metres. The 3-BHK HIG flats, on the other hand, are available at ₹1.43-1.73 crore. The area over which these flats are constructed totals to 110.86-115.15 square metres.

Specialty of DDA Housing Scheme 2019

The point is that the DDA scheme comes with the Credit-linked Subsidy Scheme (CLSS) benefits of the Pradhan Mantri Awas Yojana (PMAY) makes it an interesting point to note for those wanting a loan to buy the flats. As per the CLSS, people with annual earnings of more than ₹6 lakhs to up to ₹12 lakhs and above ₹12 lakhs to up to ₹18 lakhs can enjoy the interest subsidy benefits. The first earning class is categorized as MIG-I and the second one is MIG-II. While the MIG-I applicants would get a 4% interest subsidy on loan upto ₹9 lakhs, the MIG-II would enjoy a 3% subsidy on loan up to ₹12 lakhs. The subsidy amount is calculated on a Net Present Value (NPV) basis.

How to Apply for DDA Housing Scheme 2019?

You would be happy to know that the DDA Housing Scheme 2019 is online at each level. You can either apply on the official DDA website or click on the links of participating banks shown on the housing authority portal. The application money required varies across the flats. While the EWS and LIG applicants need to deposit ₹25,000 and ₹1 lakh, the MIG and HIG counterparts are required to make ₹2 lakhs of upfront payment to DDA.