DDA will provide 173 premium homes in Dwarka with a starting price of Rs 1.28 crore

By Bricksnwall | 2024-08-09

According to DDA, they will be part of a bigger housing program in which the agency would sell up to 40,000 flats to buyers in various categories, including economically disadvantaged and low-income individuals.

The Delhi Development Authority (DDA) would provide 173 luxury flats in various areas of Dwarka, a suburb in the national capital's southwest, as part of its Dwarka Housing Scheme 2024, according to officials familiar with the matter.

They stated that the initial price for these flats will be Rs 1.28 crore and will increase to Rs 2.5 crore. This housing plan will serve the middle-income group (MIG) and high-income group (HIG) segments of homebuyers.

These flats will be distributed through an e-auction. The date and time of registration for the scheme and e-auction will be announced shortly.

According to the DDA, the premium flats initiative would be part of a bigger plan in which the capital's development agency will offer up to 40,000 flats, including housing units for the economically weaker section (EWS) and lower-income group (LIG).

"Under the DDA Dwarka Housing Scheme 2024, MIG and HIG category flats will be offered in Dwarka's Sectors 14, 16B, and 19B via e-auction. This will give folks the opportunity to acquire a home in Dwarka's premium neighbourhood. 

According to the authorities, the project offers approximately 173 units with a starting price of Rs 128 lakh.

The proposal to launch these initiatives was authorised during a DDA board meeting on August 6. HIG and MIG apartments will be sold through an e-auction, while LIG and EWS flats will be distributed on a first-come, first-served basis, according to officials.

Affordable housing schemes

Aside from the Dwarka Housing Scheme, the Authority has also authorised the DDA Sasta Ghar Housing Scheme 2024 to meet affordable housing needs.

LIG and EWS flats would be provided at subsidised prices in Ramgarh Colony (northeast Delhi), Siraspur (northwest), Loknayakpuram (west), Rohini (west), and Narela (north) on a first-come, first-served basis. In this initiative, approximately 34,000 units will be sold, with prices starting at around Rs 11.5 lakh.

Similarly, DDA has placed up for sale around 5,400 flats under its General Housing Scheme 2024, which will cater to categories like as MIG, LIG, and EWS.

These flats will be accessible in areas such as Jasola (south), Loknayakpuram, and Narela at 2023 pricing with no price increases. The starting price for homes under this scheme will be roughly Rs 29 lakh.

Source: Money Control