+
DDA Enables Bulk Flat Purchases by Private Firms
Real Estate

DDA Enables Bulk Flat Purchases by Private Firms

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.

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.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?