Good news: No hike in prices of DDA flats this year

Good news for people wishing to buy Delhi Development Authority (DDA) flats as the prices of around 13,000 homes to be sold in the 2016 scheme will be same as the last housing scheme.

In 2014, DDA’s one-room Lower Income Group (LIG) flats were priced around `18 to `20 lakh.

The two-bedroom MIG flats were priced between `60 and `70 lakh and the Janta flats - one room tenement with a kitchen - cost a little over `10 lakh.

The rates slightly varied depending on the location and the size of the flat.

This year, DDA is offering around 13,000 flats out of which just 350 are two-room Middle Income Group (MIG) flats while the rest are either Lower Income Group Flats (LIG) flats or Janta flats.

Out of these, a total of 10,500 flats are those that were surrendered in previous housing scheme while the remaining are those that were previously not allotted for different reasons or cancelled.

A senior official in DDA said, “Even as the flats get older, the land value increases. Secondly, there has been a slump in the real estate market. Therefore, we decided to go with old rates.”

Sources said Central Reserve Police Force (CRPF) is asking for 600 flats. A final decision on it is pending.

He said though it was expected that the this year’s scheme will be completely online but the agency might take the decision to keep the scheme open for online users as well as people wanting to register manually through banks.

The agency is presently busy finalising a deal with the banks that would partner with DDA in the scheme. It is expected that the scheme will be announced around Diwali but now it would be rolled out in the middle or last week of November, sources said.

The flats are located mostly in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, a senior official of DDA said.

Meanwhile, people will have to pay more for registration this time. Unlike last housing scheme when people paid `1 lakh as security deposit for registration, this year they will have to pay `3 lakh for LIG houses and `5 lakh for MIG houses.