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
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.
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DDA’s Sector 18B complex in Dwarka