Is DDA Flats Housing Scheme 2018 Better Than Previous Schemes?

Is DDA Flats Housing Scheme 2018 Better Than Previous Schemes?

Delhi Development Authority (DDA) is now ready with its new housing scheme. The authority has decided to launch its latest housing project in June 2018. The authority assures that this scheme will leave a smile on beneficiaries face. In DDA housing scheme 2017, many people withdraw their application due to the unmatched expectations.

They were not happy with the property size and also faced issues in infrastructure. As an effect, this time it is being said the customers will be satisfied with the size of the flats as it has been increased. Also, the infrastructure issues have also been sorted. In this article, we have talked about the difference between the DDA housing scheme 2017 and 2018. We will focus more on this year’s scheme and other details.

What is different in DDA Flats Housing Scheme 2018?

Unlike the previous year, flats with less than 430 square ft area are not going to be on the offering list. 1 BHK flats offered under DDA 2018 will not be less than 430 sq ft and hence the minimum basic requirement of a home buyer has been met. Also, the smaller area flats are only for the economically weaker section of the society and hence others will not feel betrayed at the time of flat allotment. Other than this, DDA will provide facilities such as multi-level underground parking, rainwater harvesting units, buildings that can withstand an earthquake of 8.5 on Richter scale and spacious bedrooms in its latest project.

DDA Flats Housing Scheme 2018 Details

The 2018 scheme will have flats for all income groups — LIG, MIG, HIG and EWS. Of the 25,000 flats auctioned by DDA in its 2014 scheme, nearly 8,500 allottees surrendered their apartments citing small size and lack of infrastructure.

What is the DDA Housing Scheme 2018 Draw Date?

The development authority has decided June 2018 to be the month of draw. The specific date on which the lucky draw will take place is not yet to be announced.

How much is the estimated price list for flats under DDA housing scheme 2018?

The 12,000 flats, in the price range of Rs 7 lakh to over Rs 1.26 crore, are located across Rohini, Dwarka, Narela, Vasant Kunj, Jasola, Pitampura, Paschim Vihar and Siraspur.

Who are eligible to apply for DDA 2018?

The eligible applicants who can apply for DDA Housing Scheme 2018 are as follows:

  • The applicant must be citizen of India
  • The applicant should have attained the age of 18 years
  • The applicant 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
  • If however, the share of the applicant in the 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 mtrs, shall not be eligible for allotment under any of the schemes of DDA

Is PMAY scheme applicable to DDA housing scheme?

Yes, you can get the benefit of the interest subsidy under PMAY if you are eligible as per the scheme. The interest subsidy ranges between Rs 1.4 lakh and Rs 2.6 lakh under PMAY scheme.

Where can you get the application form?

DDA has tied up with 10 banks namely Axis Bank, Yes Bank, IDBI, Bank of Baroda, Central Bank, SBI, Kotak Mahindra, HDFC, ICICI and Canara Bank. You can get the form for Rs. 200 at these banks or can download it from the official website of DDA.

With the above information, we wish you get to fill up the form and maybe get your dream home in 2018. You may also note that the lowest interest rate on home loan is 8.35% per annum at most of the lenders.

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