DDA Flats Housing Scheme 2018
Real Estate & Finance

DDA Flats Housing Scheme 2018 – Price, Application Details All Charted Out

The Delhi Development Authority (DDA) is planning to launch its much awaited Housing Scheme 2018 later this year. Maybe the month of December could see the scheme getting live. As the home ownership is still beyond many because of the surging property rates and several other factors, the impending launch of the scheme aims to fill the void to an extent.

As Delhi forms a centripetal force of the country’s economy by having a large number of jobs, the expectancy of having an own home in the capital city must be huge, isn’t it? And, if you are living in the hush and hush of rental accommodation in the city, you may feel the need to have the luxuries of living in your own home. To meet that goal, you can apply for DDA Flats Housing Scheme 2018 and hope to get your name picked in the luck draw to be held a couple of months later to the last application date of the scheme. You can find the details of the scheme in this article. So, keep reading.

Distribution of DDA Flats

The DDA is likely to put around 21,000 flats on sale. Precisely speaking, the total number of flats, according to several sources, is pointed out to be 20,980, around 8,000 more than the last year when the housing authority launched 12,000 flats for sale. The upcoming launch would see a maximum number of flats going towards Low Income Group (LIG). As much as 16,298 housing units are reserved for them. The next bigger allotment is going to happen in the case of Economically Weaker Section (EWS) with 3,622 units. Middle Income Group (MIG) and High Income Group (HIG) flats would amount to 579 and 488, respectively.

At What Price Would DDA Flats be Available in Housing Scheme 2018?

On a whole, the DDA flats would be priced at ₹7.5 lakhs to ₹1.44 crores. The estimated price is based on an individual’s financial standings. However, the actual price may vary when the scheme does get live.

How to Apply for DDA Housing Flats Scheme 2018?

The application process for the impending housing scheme is very easy. As many as 10 banks have tied up with the housing authority for the initiative. These are State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Yes Bank, Kotak Mahindra Bank, Bank of Baroda, Canara Bank, Central Bank of India and IDBI Bank. You can get the application brochure by paying ₹200 inclusive of taxes.

Eligibility Criteria

The DDA has set the following criteria that you must meet in order to be eligible for the housing scheme.

  • The applicant must be a citizen of India and his/her age should be a minimum of 18 years
  • It is also required that the applicant must not have any residential house or plot in his/her name or on the name of spouse or minor dependent children in New Delhi or Delhi Cantonment.
  • In the case of a jointly owned plot for residential house, the applicant is eligible on the condition of having a share of less than 66.9 square meters
  • Those who are already allotted a flat or house built by DDA or any other agency despite having a share of less than 66.9 square meters won’t be eligible to apply.

A lucky draw would be held before the independent observers to decide the winners of the scheme. Hope your name is called loud!

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