The Delhi Development Authority (DDA) is set to launch a monumental housing scheme for 23,000 flats, with approval expected in June. The project, offering phased distribution and newly eligible applicants, will be launched subject to the authority's approval. Individuals owning property less than 67 square meters in Delhi are now eligible to apply, marking a significant shift in DDA regulations. The sale of approximately 16,000 units from old schemes will be temporarily suspended to prevent confusion. The DDA is taking proactive measures to enhance the appeal of these new flats, including infrastructure improvements and certain buyer concessions.
The Delhi Development Authority's (DDA) ambitious plan to launch a housing scheme for 23,000 flats has been temporarily postponed. BJP MLA and DDA member, Vijendra Gupta, revealed that the scheme's launch, initially intended for May, is now projected for June pending official approval at the forthcoming authority's meeting.
The DDA has devised a careful phased strategy to ensure the success of this scheme, explains an anonymous DDA official. New flats will be introduced to the market in manageable numbers, allowing a close eye to be kept on market response. Not all 23,000 flats will be released for sale in one sweeping motion. Further, the DDA plans to fine-tune its housing policy ahead of the scheme's first phase, anticipated for mid-June.
As part of this ground-breaking scheme, flat pricing will be determined post-approval, with allocation performed through a computerized draw. It is noted that the majority of these new flats will be situated in the Narela sub-city.
Significantly, this scheme represents a transformative shift in DDA's housing regulations. For the first time, a person owning a flat or plot of land less than 67 square meters in Delhi can apply for newly constructed DDA flats. Previous regulations strictly prohibited individuals with any owned property, irrespective of size, from applying for these flats.
Upon the introduction of the new scheme, approximately 16,000 units under old housing schemes will be temporarily suspended from sale to prevent marketplace confusion, as shared by a senior DDA official. This pause is estimated to last one or two months following the new scheme's launch.
DDA is committed to enhancing the attractiveness of these new flats to potential buyers. Remedial strategies include significant enhancements to transport infrastructure, Urban Extension Road - II construction, the amalgamation of flats, allotment based on a first-come, first-served policy, and certain concessions for purchasers.
In conclusion, the DDA's 23,000-flat scheme represents a seismic shift in Delhi's housing landscape. The phased launch, pending approval in June, offers new opportunities for Delhi residents while ensuring a calculated approach to housing distribution and marketplace stability.
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