BIG­GEST HOUS­ING BO­NANZA EVER

As many as 26,000 units will be of­fered in a draw in DDA’s Hous­ing Scheme, 2014, 80% are likely to be re­served for Delhi res­i­dents

HT Estates - - FRONT PAGE - Van­dana Ram­nani

Are you wait­ing for a state hous­ing scheme t o be l aunched i n order to buy a home at an af­ford­able price, and that too in the Cap­i­tal? The Delhi Devel­op­ment Au­thor­ity’s (DDA) Hous­ing Scheme 2014 be­ing rolled out soon might just make your dream come true.

Com­ing four years af­ter DDA’s 2010 scheme, the 2014 of­fer­ing will bring some cheer to Dil­li­wal­lahs as pro­pos­als are be­ing con­sid­ered to re­serve 80% of the apart­ments for res­i­dents of the city. A new fea­ture of the scheme is that suc­cess­ful al­lot­tees will be awarded own­er­ship five years af­ter de­liv­ery to pre­vent sale of prop­erty be­fore the five-year pe­riod. The rea­son be­hind this reg­u­la­tion is to de­ter spec­u­la­tors and en­cour­age end- users to in­vest. The scheme will also in­clude houses built us­ing green tech­nol­ogy and may in­clude a clause for sep­a­rate elec­tri­cal main­te­nance for com­mon ar­eas.

Touted as DDA’s l argest scheme, it is sched­uled to be launched by the end of Au­gust or the begin­ning of next month. On of­fer will be 26,000 flats across var­i­ous cat­e­gories, a ma­jor­ity of them in the lower in­come group cat­e­gory spread across Narela, Dwarka, Ro­hini and Mukher­jee Na­gar. In a first of its kind, green tech­nol­ogy and some new clauses ben­e­fit­ing the end-user from Delhi, will be of­fered, say DDA sources. Most of these flats are ready.

Sources said 24,000 one-room apart­ments and another 2,000 to 2,500 MIG and HIG units priced at 15 lakh on­wards would be part of the scheme, which would be open for about a month and be fol­lowed by a draw.

For 80% apart­ments planned to be re­served for Del­hi­ites, the modal­i­ties of how the res­i­dents are to be iden­ti­fied and the doc­u­ments re­quired as res­i­dency proof are be­ing worked out. Till now, any cit­i­zen of the coun­try could buy prop­erty in the Cap­i­tal. This pro­vi­sion, how­ever, proved to be coun­ter­pro­duc­tive. It meant any­body with money liv­ing as far as Ban­ga­lore, could buy and leave the house va­cant, rent it out or sell it to an in­vestor. End-users did not fully ben­e­fit from the scheme. Al­low­ing own­er­ship af­ter five years will also help in­crease end- use oc­cu­pancy. In many of the ar­eas that have come up af­ter the 2010 scheme, the end-user/in­vestor ra­tio is badly skewed in favour of the in­vestor – some­times as much as 20: 80. The move will also de­ter spec­u­la­tors from ma­nip­u­lat­ing prop­erty prices.

Those suc­cess­ful in the draw will be given al­lot­ment and pos­ses­sion let­ters. They will be able to ex­e­cute a con­veyance deed of the apart­ment af­ter five years and get free­hold rights then.

The green build­ing fea­tures will in­clude aer­ated con­crete blocks, rain­wa­ter har­vest­ing sys­tems, toi­lets with a ca­pac­ity of five litres of wa­ter to en­sure that wa­ter is con­served etc.

The new scheme may in­clude sep­a­rate charges for elec­tri­cal main­te­nance for com­mon ar­eas for a min­i­mum of two years af­ter which the in­ter­est money is likely to be handed over to the RWA for main­te­nance, sources say. In the pre­vi­ous scheme , DDA had charged 3 lakh to 6 lakh as 30 years main­te­nance for com­mon ar­eas.

The 2010 scheme in­cluded a com­po­nent f ee added t o the over­all cost of the new­ly­con­structed houses. That was to be used for the up­keep and main­te­nance of ex­te­ri­ors and com­mon pas­sages for a pe­riod of 30 years by DDA. As part of this scheme, DDA had promised to take re­spon­si­bil­ity for grit wash of the build­ing ex­te­rior once in 10 years, stair­well (plas­ter and white­wash) once in three years, paint­ing or re­pair of rail­ings ( stair­case and com­mon land­ings) once in three years and the re­pair of chha­j­jas (over­hang­ing eaves) and bal­conies once in 10 years.

Sec­tor 1 Sec­tor 2 Sec­tor 3

Sec­tor 4

Sec­tor 5 Sec­tor 6 Sec­tor 7

Sec­tor 8

Sec­tor 9

DDA’s Sec­tor 18B com­plex in Dwarka

PHO­TOS: NADEEM HASSAN

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.