DDA Enables Bulk Flat Purchases by Private Firms

09 Feb 2024 CW Team

The Delhi Development Authority (DDA) has recently amended its regulations, allowing private companies to purchase residential flats in bulk. This significant change, made to the DDA (Management and Disposal of Housing Estate) Regulations of 1968, aims to facilitate the acquisition of properties by non-governmental legal entities for uses such as residential staff quarters or hostels. This policy is expected to spur the growth and development of private sectors, particularly in industrial, educational, and other areas, contributing to the overall development of the city. A notable aspect of this initiative is the focus on Narela, an upcoming area in Delhi. DDA is offering discounts of up to 25% for Middle Income Group (MIG) flats in Narela's Sector A1-A4. Additionally, a 15% discount is available to the general public, and a 25% discount to employees of the Central Government, State Government, and Government Autonomous bodies. This scheme includes more than 440 flats in the ongoing First-Come-First-Serve (FCFS) scheme. Furthermore, a 15% discount on 246 Lower Income Group (LIG) flats in Ramgarh Colony is also being offered, previously part of the Special Housing Scheme 2021. These flats are conveniently located near Jahangirpuri Metro Station, making them accessible and desirable.

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