Over 46,000 buyers register for Delhi Development Authority housing scheme – ET RealEstate

NEW DELHI: Around 46,500 home aspirants have registered for Delhi Development Authority’s Housing Scheme 2021 and more than 10,000 have already applied for the 1,354, mostly two- and three-bedroom, flats on offer.

The scheme was launched on January 2 and saw DDA’s website getting nearly 10 lakh hits on Day 1 itself. It offers 254 higher income group (HIG) flats with prices ranging between Rs 69.6 lakh and Rs 2.1 crore and 757 two-bedroom middle income group (MIG) flats priced between Rs 40.6 lakh and Rs 1.4 crore. The number of one-bedroom flats is on the lower side, with just 52 lower income group (LIG) flats with the price tags of Rs 17.7 to Rs 35.5 lakh, besides 291 flats for the economically weaker section (EWS).

Home-seekers can apply till February 16 and the draw of lots is expected by the first week of March. While 8,550 home seekers have submitted their applications, 2,325 applicants have even paid the application money, which ranges from Rs 2 lakh for HIG and MIG to Rs 1 lakh for LIG and Rs 25,000 for EWS flats.

“We are satisfied with the response, which is as per our expectations. Most people are applying for flats under HIG and MIG categories,” a senior DDA official said.

“What has made this scheme more attractive is the construction quality, which is at par with the best private developers, apart from the excellent locations of all complexes where flats are on offer, including those in Jasola, Dwarka and Vasant Kunj,” he added. “Not only are the complexes well located, these are also in close proximity to Delhi Metro corridors.”
Over 46,000 buyers register for Delhi Development Authority housing schemeFor its 2019 housing scheme, DDA had received around 45,000 applications for the nearly 18,000 flats on offer. However, a huge number of these flats were in the LIG category and many were located in Narela. With a large number of these flats not finding any takers, DDA finally carried out a draw of lots for around 10,000 flats.

Keeping its previous experience in mind, DDA had decided to keep one-bedroom flats to a minimum and only around 140 flats of various categories in the scheme this time are old, unsold flats.

“The total number of applications may seem low at the moment compared to our previous schemes, but it is not unusual during the first few weeks after the launch of a scheme. We know through experience that the rush of applications suddenly peaks just a few days before the closing date,” the official said.

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