City
Epaper

Private Firms Permitted To Purchase Flats in Large Quantities Under DDA Regulations

By Lokmat English Desk | Updated: February 7, 2024 13:24 IST

In an effort to attract potential buyers, the Delhi Development Authority (DDA) is introducing discounted rates for its Middle ...

Open in App

In an effort to attract potential buyers, the Delhi Development Authority (DDA) is introducing discounted rates for its Middle Income Group (MIG) flats in Narela's Sector A1 to A4.As per officials, the general public can benefit from a 15% discount, while employees of central and state governments, as well as government autonomous bodies, will enjoy a 25% discount on these properties. "Sector A1-A4 boasts excellent connectivity with its proximity to GT Karnal Road, Urban Extension Road-II, and the proposed Metro line. This incentive scheme aims to empower the middle class and government employees to realize their aspirations of owning a decent-sized flat in Delhi," stated DDA officials.

Following a meeting, DDA also announced its decision to permit non-governmental legal entities to purchase its properties in bulk. This means that any private entity with a registered office in Delhi-NCR can buy flats in bulk for use as residential staff quarters or hostels, officials confirmed. The DDA, in a statement, said such a policy will enable the growth and development of private, industrial, educational and other sectors in upcoming areas like Narela. According to a Indian Express report,  246 Lower Income Group (LIG) flats in Ramgarh Colony will be offered at a 15% lower price — ranging between Rs 14 lakh and Rs 15 lakh – under the First Come First Serve (FCFS) programme of the Diwali Special Housing Scheme 2023.The LIG flats had earlier been offered under the Special Housing Scheme 2021.The authority meeting was chaired by Delhi Lieutenant Governor V K Saxena, who is also the chairman of the DDA.

Tags: DDADDA Housing SchemeDelhi Development AuthorityDelhi & ncr
Open in App

Related Stories

NationalGurugram Iron Gate Collapse: Two Injured as Massive Signage Pillar Falls on Car on Dwarka Expressway (Watch Video)

NationalDelhi Rains: Light Rainfall with Dust Storms Hit National Capital, Residents Share Videos

NationalEarthquake in Myanmar: Tremors Felt in Delhi-NCR After 7.2-Magnitude Quake Strikes Southeast Asian Nation

NationalNoida Traffic Update: Massive Vehicle Congestion on DND Flyway, Commuters Stuck for Hours

NationalDelhi Earthquake: 25-Year-Old Tree Uprooted at Dhaula Kuan’s Jheel Park After Quake of Magnitude 4.0 Jolted Delhi-NCR (Watch Video)

National Realted Stories

NationalHaryana Minister asks officials to create land banks by purchasing land from panchayats

NationalNo Pakistani national in Tripura, says CM Manik Saha

NationalAmul Hikes Milk Prices by Rs 2 Per Litre from May 1

NationalCrucial step: Kharge 'wholeheartedly welcomes' govt’s move on caste census

NationalIndia being dragged to war by Pak army to gain public sympathy: Sources